The document discusses the importance of identifying needed capabilities along with their effectiveness measures and performance metrics for project success. It emphasizes using risk-adjusted estimates of cost and schedule to provide actionable information for decision-making. Ensuring project viability relies on addressing both reducible and irreducible uncertainties in key performance parameters.

1. Cost
Schedule
Delivered
Capabili4es
Key
Performance
Parameters
Irreducible
and
Reducible
Uncertainty
Efficacy
of
Funds
Labor
Costs
Material
Costs
Overhead
and
Indirects
Technical
Performance
Measures
Measures
of
Performance
Measures
of
EffecBveness
Capacity
for
Work
Efficacy
of
Outcomes
Project
Success
starts
with
idenBfying
needed
capabiliBes
their
Measures
of
EffecBveness,
Measures
of
Performance,
and
Key
Performance
Parameters.
Using
these
measures,
risk
adjusted
esBmates
of
cost,
schedule,
and
probability
of
achieving
these
targets
is
the
basis
of
informaBon
needed
to
provide
acBonable
informaBon
used
to
make
decisions
to
Keep
the
Program
GREEN