Location
Cocoa Beach, FL
Start Date
7-3-1966 8:00 AM
Description
Three years ago Martin started work on the Phase II contract for the development and test of the Titan III Space Booster. This was the first large aerospace system contract to incorporate multiple incentives for schedule, cost, and technical performance. Now, with the Titan III contract more than 90% complete, this report will evaluate the success of the incentives used and will compare incentive success with program results.
In consonance with the philosophy that the purpose of incentives is to motivate superior performance, this Martin/AFSSD contract contains definitive criteria for the determination of incentive success or failure. The contract also provides for a bilateral incentive monitoring system and requires that this monitoring system operate in a timely manner.-'- By this means, performance is quantatively measured at progressive check points throughout the period of performance. The responsibility for meeting the incentive criteria is assigned ahead of time by Martin's program management to specific individual work leaders whose success or failure is graded virtually at the moment the work is accomplished.
Progress Report on Martin's Titan III Incentives (January 1963 to March 1966)
Cocoa Beach, FL
Three years ago Martin started work on the Phase II contract for the development and test of the Titan III Space Booster. This was the first large aerospace system contract to incorporate multiple incentives for schedule, cost, and technical performance. Now, with the Titan III contract more than 90% complete, this report will evaluate the success of the incentives used and will compare incentive success with program results.
In consonance with the philosophy that the purpose of incentives is to motivate superior performance, this Martin/AFSSD contract contains definitive criteria for the determination of incentive success or failure. The contract also provides for a bilateral incentive monitoring system and requires that this monitoring system operate in a timely manner.-'- By this means, performance is quantatively measured at progressive check points throughout the period of performance. The responsibility for meeting the incentive criteria is assigned ahead of time by Martin's program management to specific individual work leaders whose success or failure is graded virtually at the moment the work is accomplished.
