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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. Large engineering project risk management using a Bayesian belief network,” Eunchang Lee, Yongtae Park, and Jong Gye Shin, Expert Systems and With Applications , 36, pp. 117, July 1998.

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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. How to Deal with Project Risk Management Effectively In Your Organization?,”

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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.

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Webinar Recap: Understanding the Cost Model in Microsoft Project

MPUG

Because of this, you cannot use Microsoft Project to calculate the exact, precise project costs for your projects. If exact costs are needed, keep this in mind, that means you have to import the cost data from some third party financial software, such as Microsoft Dynamics, for example.

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Compendium of Works to Increase Probability of Project Success

Herding Cats

Putting these guides and BOK's to work for the benefit of the enterprise is the role of Project Governance. Open Loop / Closed Loop Project Controls - project management is a closed loop control system. Continuous Risk Management , Risk management is essential for the success of any significant project.