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Published online by Cambridge University Press: 04 July 2016
During his presentation Air Cdre. Tyndall told you that the foundations of the procedures recommended by the Downey Committee were laid down in the late 1950's and early 1960's. May I remind you of the Internal Directive of March 1960 he mentioned which stated that cost control must be accorded equal importance with technical control. All of us have been developing our techniques of programming and monitoring technical achievements over the years, but at the time the investigations of current practice were being made for the Downey Committee in 1964-65 it was found that in twelve projects investigated only one contractor had procedures for monitoring and controlling cost progress adequately integrated with those for monitoring and control of technical achievement.