Estimated drivers of average project value
| Parameter | Parameter value | Relative change | |
|---|---|---|---|
| Parameter | base value | with 1% change | in project value |
| Probability of advancement | |||
| Phase II | 0.5800 | 0.5742 | 0.50% |
| Supplemental | 0.2500 | 0.2525 | 1.42% |
| Flight | 0.2500 | 0.2525 | 0.41% |
| Timeline (years) | |||
| Phase I | 0.500 | 0.505 | 0.06% |
| Phase II | 1.500 | 1.485 | 0.80% |
| Supplemental | 2.00 | 1.98 | 0.33% |
| Award size ($) | |||
| Phase I | 100,000 | 99,000 | 0.55% |
| Phase II | 600,000 | 594,000 | 2.00% |
| Supplemental | 2,000,000 | 2,020,000 | 1.06% |
| Flight | 3,000,000 | 3,030,000 | 0.49% |
| Liquidation values ($) | |||
| Phase I | 15,000 | 15,150 | 0.05% |
| Phase II | 120,000 | 118,800 | 0.15% |
| Supplemental | 500,000 | 505,000 | 0.25% |
| Parameter | Parameter value | Relative change | |
|---|---|---|---|
| Parameter | base value | with 1% change | in project value |
| Phase | 0.5800 | 0.5742 | 0.50% |
| Supplemental | 0.2500 | 0.2525 | 1.42% |
| Flight | 0.2500 | 0.2525 | 0.41% |
| Phase I | 0.500 | 0.505 | 0.06% |
| Phase | 1.500 | 1.485 | 0.80% |
| Supplemental | 2.00 | 1.98 | 0.33% |
| Phase I | 100,000 | 99,000 | 0.55% |
| Phase | 600,000 | 594,000 | 2.00% |
| Supplemental | 2,000,000 | 2,020,000 | 1.06% |
| Flight | 3,000,000 | 3,030,000 | 0.49% |
| Phase I | 15,000 | 15,150 | 0.05% |
| Phase | 120,000 | 118,800 | 0.15% |
| Supplemental | 500,000 | 505,000 | 0.25% |
Changes of 1% were made to the base value of each parameter, and the impact on the average project value is reported. Parameters were changed to increase the value of the project and thus some changes were positive and others negative
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