probabilistic-estimation-reduce-project-uncertainty Blog Related Topics 
LiquidPlanner
JUNE 28, 2016
Missing your deadline is one of the biggest hits a project can take. But it happens so often— one in six projects has a schedule overrun of almost 70 percent—it’s easy to think that delivering late is just the cost of doing business. For one, uncertainty is built into your plan, which is a necessary reality.
Epicflow Blog
JUNE 9, 2020
Everyone engaged in project management is aware that this field is prone to different kinds of uncertainties. They all are diverse and unpredictable, though there are some that appear in every project due to their nature. But when we put too much safety into a task’s duration it becomes prone to uncertainties.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Herding Cats
FEBRUARY 8, 2019
Their probability of occurrence, the probability the risk will unfavorably impact the project. Then some risk handling process is needed to reduce the impact of the risk, or reduce the probability that the risk will occur. On actual projects, this approach is naive at best and produces more risk at worse.
LiquidPlanner
SEPTEMBER 1, 2016
Project management software has a difficult history. One of the ways we did this was to include a collaboration platform in our project management solution—one that every member of the team could contribute to and access. A Participatory Approach to Project Management. LiquidPlanner set out to change this from inception.
LiquidPlanner
JULY 1, 2016
How this powerful combination will impact the way you manage and deliver your projects in the future is something we’re eager to think about. The most read blog post of the week: Why Does Probabilistic Estimation Reduce Uncertainty? Read on for more! Automation and Anxiety – The Economist. Bonus Story!
Herding Cats
MARCH 22, 2016
First all risk comes from uncertainty, Uncertainties are thing we cannot be certain about. Uncertainty is created by our incomplete knowledge - not by our ignorance. There are two types of uncertainty that create risks to an Agile Project. Epistemic (reducible) uncertainties from event based occurrences.
Strategy Execution | PMO Perspectives
JUNE 13, 2019
One of the key roles in any project core-team is an expert planner and scheduler. I was recently called upon to carry out an external review of a project schedule. This was a two year $20m project to deliver a turn-key manufacturing facility to a new customer. Activities with Low float, or Reducing Float. Dependencies.
Expert insights. Personalized for you.
87 
Let's personalize your content