face tons of challenges while conducting a huge aerospace defense project. In the first place, the manager needs to control the costs. The defense products are generally more expensive than other products, since they usually use the latest technologies in the world and are designed by the most skillful personnel. Moreover, Bill (2010) indicated that “Poor estimating of likely costs is the main reason for cost overruns.” As a result, the manager must pay more attention to the project cost level and calculate the estimated cost correctly. And constantly updating the methods to acquire the
DEFENSE PROJECTS 3 most accurate cost estimation. In the second place, the project manager has to monitor the delivery date and cash flow. Bill (2010) stated that “average delays on projects are five years, while average cost overruns add up to £35 billion. The cost increases due to these delays range from £900 million to £2.2 billion per year.” It is definitely the project managers’ challenge and responsibilities to constantly monitor the project process to ensure that the project can be completed on time. In the third place, the project manager must manage the supply chain. A huge supply chain network leads to risks of products
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- Fall '19
- Project Management, project manager