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Article contents
Symposium on project management and incentive contracting procedures
The Procedures for Project Management—The Downey Steering Group
Published online by Cambridge University Press: 04 July 2016
Extract
Although difficulties had been experienced for many years in preparing initial estimates for major defence development projects and in the control of subsequent expenditure, they did not become a matter of serious concern until the second half of the 1950's. Then, at a time when the Government was seeking to stabilise defence expenditure, a series of cases came to light where final costs were, or seemed likely to be, substantially higher than the estimates at which they were first approved. Some of these projects attracted the attention of the Public Accounts Committee and led to considerable public criticism.
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- Copyright © Royal Aeronautical Society 1969
References
* Also covered in the Handbook of Procedures