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Evaluation Of The Integrated Program Management Report Essay

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Milestone 3: Refinement
“Results are what managers and entrepreneurs are paid to deliver. Results are what attract investment capital to permit a company to grow” (Mullins & Walker, p. 494, 2013). The term “results” are very ambiguous and without a formulated system in place to measure the metrics of success then term “results” can be very costly. In the case of Lockheed Martin and any government contract based sale the government has its own performance metric tracking system: Integrated Program Management Report (IPMR). AcqNotes describes IPMR as:
The Integrated Program Management Report (IPMR) is the primary means of communicating program cost and schedule information between a prime contractor and the Government. It provides performance data which is used to identify problems early in the contract and forecast future contract performance. The IPMR should report to date cost and schedule metric trends and to permit assessment of their effect on future performance. (IPMR, n.d.).
This report is split into 7 formats that dictate the content and relationships required for the electronic submissions.
Format 1: Defines cost and schedule performance data by product oriented Work Breakdown Structure (WBS). The Work Breakdown Structure is product-oriented family tree that outlines all of the products to developed and/or produced. Format 1 is to be done monthly. This “tree” starts with main product to be delivered, in this case the A-XX Linebacker, as the “trunk” and each “main

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