Remove 2003 Remove Closing Remove Prince2 Remove Project Cost
article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Accuracy - how close is the estimate to the actual value? So in the end, if we are to make a decision in the presence of uncertainty, we MUST make estimates to develop a reliable shipping date while producing an accurate and precise estimate of the cost, schedule, and technical performance of the product shipped on that date.

2003 46
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. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. 79, 2008. “`,” Stephen Ward and Chris Chapman , International Journal of Project Management , 21, pp. Making,” T.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003.