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Deconstructing The Cone of Uncertainty

Herding Cats

Traditional project management approaches, several of which are based on a strong belief in the cone of uncertainty, advocate stronger project control and greater planning. In that case, the competitor will win nearly every time, and the prize for “good” project management might be losing market share. If not, that's another issue.

2007 42
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Cone of Uncertainty - Revisited

Herding Cats

We're writing two chapters in an upcoming Project Management Book, with a working title, The Gower Handbook of Project Performance for Agile, Waterfall and Everything in Between , edited by Mark Phillips. One chapter on the Principles of Risk Management and the second chapter on the Practices of Risk Management.

2012 29
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Fallacy of the Day

Herding Cats

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project.

2005 37
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Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Measure of Effectiveness.

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Cone of Uncertainty - Part Cinq

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Prentice-Hall, 1981. So the question is? -

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Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Prentice-Hall, 1981. So the question is? -

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Cone of Uncertainty - Part Trois

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Prentice-Hall, 1981. So the question is? -