Collaborate Document Management Plan and design up front Create a short model section for information content and order Create a layout template Create a document control system for revisions Accept individual responsibility and deadlines
Uniqueness of Satellite Manufacture Small production runs Extreme operational environments Limited repair/replace options after launch High product cost and importance High cost test environment Highly coupled designs minimize weight and maximize performance but yield high complexity
Objective To introduce and discuss the fundamentals of earned value project management Work Breakdown Structures Program plans and schedules Earned value management systems Cost and schedule variances Estimates at completion
Definitions What is Systems Engineering? the ensemble of coordinated analyses, simulations, and processes which lead to a technical product which best meets the needs of an identified customer What does it mean to manage systems engineering?
Discount model is in terms of conditional moments The first order condition is,u'( BE, [u'(c )x 1] The expectation is conditional expectation on investor's time t information; The basic pricing equation is P, =E, (m +1X1+)
Predictions and applications CAPM: in market equilibrium, investors are only rewarded for bearing the market risk; APT: in the absence of arbitrage, investors are only rewarded for bearing the factor risk Applications: ---professional portfolio managers: evaluating security returns and
Consumption-Based Model and Basic Pricing model Basic question to decide for an investor: (1) how much to save; (2)how much to consume; (3)what portfolio of assets to hold. Pricing equation come from the first order condition for this decision
