"volatility per se, be it related to weather, timing of the morning newspaper, is simply a benign statistical probability factor that tells us nothing about risk until it is coupled with a consequence," - Robert H. Jeffrey, "A New Paradigm for Risk," Journal of Portfolio Management, Volume 11, Number 1 (Fall), pp. 33-40.When we speak about capturing ranges of duration or cost, or speak about compliance with technical performance measures and do not speak about the consequences, then we’re pretty much wasting our time with Risk Management.Here’s The Core Problem(s)When capturing the estimates using what every method you choose - I’d recommend NOT asking the estimator the Hi,... See the complete post here
Related Posts
Michael Hatfield conjectured that once the baseline schedule is established, risk management is just institutional worrying. I’m here to tell you that just ain’t the case on any real program. Institutional worrying sounds like a phrase used by someone who doesn’t have to worry about showing up on time, on budget, and on specification and not killing anyone or the program along th...
Michael Hatfield conjectured that once the baseline schedule is established, risk management is just institutional worrying. I’m here to tell you that just ain’t the case on any real program. Institutional worrying sounds like a phrase used by someone who doesn’t have to worry about showing up on time, on budget, and on specification and not killing anyone or the program along th...
Executives like finish date scheduling because it’s fast and decisive. Then the PM produces a schedule to hit that date by backing into a finish date for every assignment in the project. Easy! Everybody leaves this astoundingly fast process with the illusion that they’re in control of the project. Nothing could be farther from the truth.The illusion comes from one blindingly stupid assumpt...
Requirements Gathering - Scheduling Activities in Your Project Plan
By Dave Nielsen
Requirements gathering activities should be scheduled by your project plan like any other project related activities. If these activities don’t track to the schedule, whether because the schedule isn’t feasible or some other reason, it will cause all the dependent activities to slip. Once you’ve [...
Your vote has been counted!
1
1
Views:
5
No comments so far...