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CRITERION #3: MEASURE:

INTENT: Gather the correct data. Measure the current performance and evolution of the situation.

In my belief, the answer to this question is clearly defined:

5 Strongly Agree

4 Agree

3 Neutral

2 Disagree

1 Strongly Disagree

1. At what cost?

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2. What is an unallowable cost?

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3. What are the strategic priorities for this year?

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4. How do you measure lifecycle phases?

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5. Do you effectively measure and reward individual and team performance?

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6. What should the selling price be on a full cost plus basis?

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7. What are the Cost Plus investment costs?

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8. What do you measure and why?

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9. Fixed price or cost plus?

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10. How is performance measured?

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11. Why do you expend time and effort to implement measurement, for whom?

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12. Does a Cost Plus quantification method exist?

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13. How much does it cost?

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14. What is the cause of any Cost Plus gaps?

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15. How are measurements made?

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16. Are there competing Cost Plus priorities?

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17. What are the operational costs after Cost Plus deployment?

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18. How do you verify if Cost Plus is built right?

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19. Where is it measured?

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20. Have you included everything in your Cost Plus cost models?

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21. Are the measurements objective?

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22. Do you have any cost Cost Plus limitation requirements?

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23. What are your customers expectations and measures?

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24. Are indirect costs charged to the Cost Plus program?

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25. What is the cost of rework?

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26. How can you measure Cost Plus in a systematic way?

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27. What can be used to verify compliance?

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28. What measurements are possible, practicable and meaningful?

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29. How sensitive must the Cost Plus strategy be to cost?

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30. What could cause delays in the schedule?

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31. What problems can arise when full cost plus a markup is used as the transfer price?

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32. How will your organization measure success?

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33. How will effects be measured?

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34. What disadvantage does this cause for the user?

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35. What are the costs and benefits?

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36. What are the differences between the specific rates of compensation payment method and the prohibited cost plus a percentage of cost payment method?

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37. Who pays the cost?

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38. What are the current costs of the Cost Plus process?

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39. What is your decision requirements diagram?

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40. What is the Cost Plus business impact?

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41. What are hidden Cost Plus quality costs?

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42. Are the units of measure consistent?

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43. What are the types and number of measures to use?

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44. Are Cost Plus vulnerabilities categorized and prioritized?

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45. Which measures and indicators matter?

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46. What is the root cause(s) of the problem?

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47. Are actual costs in line with budgeted costs?

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48. Is it possible to estimate the impact of unanticipated complexity such as wrong or failed assumptions, feedback, etcetera on proposed reforms?

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49. What does a Test Case verify?

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50. Has a cost center been established?

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51. How do you measure variability?

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52. How can you reduce the costs of obtaining inputs?

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53. What is the total fixed cost?

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54. Which costs should be taken into account?

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55. What users will be impacted?

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56. Are there measurements based on task performance?

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57. Did you tackle the cause or the symptom?

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58. Is the cost worth the Cost Plus effort ?

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59. What causes investor action?

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60. Have you made assumptions about the shape of the future, particularly its impact on your customers and competitors?

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61. Will Cost Plus have an impact on current business continuity, disaster recovery processes and/or infrastructure?

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62. Are you taking your company in the direction of better and revenue or cheaper and cost?

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63. What does your operating model cost?

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64. Does management have the right priorities among projects?

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65. How is progress measured?

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66. How will you measure your Cost Plus effectiveness?

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67. How do you quantify and qualify impacts?

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68. Where is the cost?

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69. What details are required of the Cost Plus cost structure?

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70. What evidence is there and what is measured?

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71. How can a Cost Plus test verify your ideas or assumptions?

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72. What are the costs of delaying Cost Plus action?

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73. Do you have a flow diagram of what happens?

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74. What could cause you to change course?

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75. How will success or failure be measured?

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76. What causes innovation to fail or succeed in your organization?

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77. How do you verify your resources?

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78. How do you verify and develop ideas and innovations?

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79. What harm might be caused?

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80. What would be a real cause for concern?

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81. What would it cost to replace your technology?

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82. What are the Cost Plus key cost drivers?

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83. How do you verify and validate the Cost Plus data?

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84. What methods are feasible and acceptable to estimate the impact of reforms?

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85. Do you aggressively reward and promote the people who have the biggest impact on creating excellent Cost Plus services/products?

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86. Are you aware of what could cause a problem?

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87. Which Cost Plus impacts are significant?

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88. How do you measure success?

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89. Who should receive measurement reports?

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90. What are allowable costs?

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91. How do you control the overall costs of your work processes?

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92. What are the costs of reform?

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93. What do people want to verify?

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94. How can you reduce costs?

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95. How long to keep data and how to manage retention costs?

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96. What causes extra work or rework?

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97. What drives O&M cost?

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98. Does the Cost Plus task fit the client’s priorities?

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99. Are supply costs steady or fluctuating?

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100. How can you measure the performance?

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101. Why do the measurements/indicators matter?

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102. How will you measure success?

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103. How do you measure efficient delivery of Cost Plus services?

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104. What are the uncertainties surrounding estimates of impact?

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105. How does target costing differ from cost plus pricing and what key elements does it incorporate?

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106. Are the Cost Plus benefits worth its costs?

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107. Do you have an issue in getting priority?

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108. How frequently do you track Cost Plus measures?

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109. What causes mismanagement?

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110. What tests verify requirements?

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111. Do the benefits outweigh the costs?

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112. How do you aggregate measures across priorities?

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113. How will costs be allocated?

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114. What does losing customers cost your organization?

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115. How will measures be used to manage and adapt?

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116. When a disaster occurs, who gets priority?

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117. Are there any easy-to-implement alternatives to Cost Plus? Sometimes other solutions are available that do not require the cost implications of a full-blown project?

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118. Is there an opportunity to verify requirements?

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119. How to cause the change?

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120. What is the total cost related to deploying Cost Plus, including any consulting or professional services?

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121. What are your key Cost Plus organizational performance measures, including key short and longer-term financial measures?

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122. What compensation method is best fixed price or cost plus?

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123. What are your primary costs, revenues, assets?

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124. What relevant entities could be measured?

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125. How can you manage cost down?

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126. When are costs are incurred?

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127. How are costs allocated?

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128. How do you verify performance?

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129. How is the value delivered by Cost Plus being measured?

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130. What are your operating costs?

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131. What measurements are being captured?

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132. Is the solution cost-effective?

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133. What is measured? Why?

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134. How do you prevent mis-estimating cost?

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135. Among the Cost Plus product and service cost to be estimated, which is considered hardest to estimate?

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136. How do you verify the authenticity of the data and information used?

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137. Are missed Cost Plus opportunities costing your organization money?

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138. How do you verify the Cost Plus requirements quality?

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139. Are you able to realize any cost savings?

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140. What potential environmental factors impact the Cost Plus effort?

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Add up total points for this section: _____ = Total points for this section

Divided by: ______ (number of statements answered) = ______ Average score for this section

Transfer your score to the Cost Plus Index at the beginning of the Self-Assessment.

Cost Plus A Complete Guide - 2020 Edition

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