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The Influence of Incentive Provisions on Project Management

Published online by Cambridge University Press:  04 July 2016

D. Walker
D. Walker*
Affiliation:
Honeywell Ltd
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Extract

Our previous speaker, Mr. Blyth, in his paper on the Design of Incentive Contracts, has given us a lucid explanation of the basic principles of incentives and examples of cost, performance and delivery conditions which could be used as incentives and the objectives to which they could be directed.

Following on this paper, one could initiate a discussion on the basic philosophy behind the use of incentives, whether the incentives as stated are likely to be achieved, and propose various alternative methods of achieving these objectives without using contractual conditions. I have no doubt that many points such as these will be raised later during the discussion.

Type
Symposium on Project Management and Incentive Contracting Procedures
Information
The Aeronautical Journal , Volume 73 , Issue 698 , February 1969 , pp. 125 - 128
Copyright
Copyright © Royal Aeronautical Society 1969 

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