article thumbnail

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? 3, March 2002. A Critical Review Of Risk Management Support Tools,” Irem Dikmen, M. Making these decisions in the presence Uncertainty ? De Meyer, C.

article thumbnail

5 Ways AI and Automation Will Change Project Management

LiquidPlanner

Technology has made our lives easier. While technology and automation have lessened some of the strain, they’ve also stirred up a lot of fear. Since then, there have been numerous backlashes against technology and automation. Rather than run in fear, I suggest that we may find this technology is the friendly kind that can help.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? 3, March 2002. A Critical Review Of Risk Management Support Tools,” Irem Dikmen, M. Risk Management is essential for development and production programs.

article thumbnail

Quote of the Day

Herding Cats

. - "Managing Project Uncertainty," Arnoud De Meyer , Christoph Loch , and Micheal Pich, Sloan Management Review , Winter 2002, Vol. Why Guessing is not Estimating and Estimating is not Guessing. 43, Issue 2, pp. Related articles. Architecture -Center ERP Systems in the Manufacturing Domain. IT Risk Management.

2002 31
article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. All estimates have precision and accuracy. Deciding how much precision and accuracy is needed for a credible estimate is critical to the success of that decision.

2003 46
article thumbnail

Top Solutions to Project Failure – Epicflow Research Part 2

Epicflow Blog

Over 200 PM experts from ExxonMobil, INEOS, DXC Technology, and other companies have shared their experience and proved that it’s a super hot topic. Business drivers have to be translated into project drivers by a strong technical team, not management. Glass ( Addison-Wesley Professional, 2002), also recommended by Giorgio Locatelli.

article thumbnail

Black Swans

Herding Cats

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. Regards other researchers as idiotic, and always operates outside the peer review system.

2002 34