This standards provides the requirements for cost and schedule management, which is defined as a collective system of organized processes and actions in support of project management. It allows optimal use to be made of human resources, facilities, materials and funds, thereby achieving a successful completion of the space project with respect to
- cost targets,
- timely completion, and
- technical performance.
To this end, costs and activities are planned and actively controlled, with special care being given to the identification of critical situations that can lead to an adverse impact on the project cost and schedule, so that the relevant recovery actions can be proposed.
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This Standard cancels and replaces ECSS-M-60B (26 June 2006).