Remove 2009 Remove Estimate Remove Prince2 Remove Project Cost
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. Turns out in the real world there is no such project. All estimates have precision and accuracy. Accuracy - how close is the estimate to the actual value?

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. requires making estimates) ? 5887, 2009. Evaluation of the Risk Analysis and Cost Management (RACM) Model,” Matthew S. Estimation of Long?Term Loewenstein, Elke U.

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

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. requires making estimates) ? 5887, 2009. Estimation of Long?Term

article thumbnail

Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

So we don’t just make a profit, we try to funnel that back into the projects and for social good. I started GPM as an idea back in 2009 and did so on a small side table in my bedroom, the idea that projects could be the delivery mechanism for sustainable development. The Scope of this project was massive. And as for cost!