What is BS EN 16601-40 - Cost and schedule management of space projects about?
BS EN 16601-40 is a European standard that describes the processes and provides the requirements for managing the cost and schedule of products within a space programme or project.
The requirements specified under BS EN 16601-40 apply to, and affect, the customer and supplier at all levels.
BS EN 16601-40 may be tailored for the specific characteristics and constraints of a space project in conformance with ECSS-S-ST-00.
Who is BS EN 16601-40 - Cost and schedule management of space projects for?
BS EN 16601-40 on cost and schedule management of space projects is relevant to:
- Space project managers
- System engineers for spacecraft projects
- Manufacturers of spacecraft products
- Technical personnel for spacecraft projects
Why should you use BS EN 16601-40 - Cost and schedule management of space projects?
Cost and schedule management is defined as a collective system of organized processes and actions in support of project management. It allows optimal use to be made of human resources, facilities, materials, and funds, thereby achieving successful completion of the space project concerning cost targets, timely completion and technical performance.
To this end, costs and activities are planned and actively controlled, with special care being given to the identification of critical situations that can lead to an adverse impact on the project cost and schedule so that the relevant recovery actions can be proposed.
BS EN 16601-40 provides you with the cost and schedule management common principles, schedule management principles, cost management principles, cost and schedule management common requirements, schedule management requirements and cost management requirements.
This assists you in accurately planning the phasing of procurements, expenses, and resources of the space projects.
With BS EN 16601-40, you can also highlight any deviations and hence propose remedial actions to complete the project within the given time and financial constraints.
