Tell Me about Your Lemonade Stand

Abstract

At STARSYS, we execute many Firm Fixed Price (FFP) programs for the development of mechanical systems for spacecraft. Contracting this way pre-suppose that we have the ability to establish and hold scope for a system that has yet to be defined. To do FFP, it is critical that we have program managers who are masters at cost control. Fortunately, we have some "masters" in our company. They just seem to have a knack for driving to a financial target. Doesn't matter if the program has contingency or not. Doesn't seem to matter if they use MS Project, Excel spread-sheets, or the back of an envelope. Doesn't even seem to matter whether the program is set up as a financial challenge or a winner.