Money to burn

Money to burn

Making sure your ‘burn rate’ doesn’t overheat can be the difference between a successful program and toast. by John T. Dillard, Col., USA (Ret.) I still remember how it went that day in November. It was way back in the 1990s, and at the time I was a major serving as the assistant project manager for the development of the Javelin anti-tank missile system. We were right in the middle of our 36-month engineering, manufacturing and development (EMD) effort. The boss assembled a few of us in the conference room. He said, “We have to call for a DAB [Defense Acquisition Board]—this program is going to need a formal re-baselining. […]