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Risk Management is How Adults Manage Projects

Herding Cats

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. .

2003 51

The 7 Habits of Successful Project Managers

ProjectManager.com

Your job is to determine the approach that will give you and your team the best chance of delivering your project safely, accountably, on time and to budget. By now, I am sure many readers will be familiar with Tim Lister’s wise comment that: “ Risk management is how adults manage projects.”.

2018 422

Compendium of Works to Increase Probability of Project Success

Herding Cats

Here's a collection of presentations, briefings, papers, essays, book content used to increase the Probability of Project Success (PoPS) I've written and applied over my career in the software-intensive system of systems and other domains. Risk Management (#RM). Risk Management .

2019 43

Cone of Uncertainty - Part Cinq

Herding Cats

Barry Boehm's work in “Software Engineering Economics”. Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. Software Eng.,

2007 43

Cone of Uncertainty - Part Trois

Herding Cats

Barry Boehm's work in “Software Engineering Economics”. Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. Software Eng.,

2007 36

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

Barry Boehm's work in “Software Engineering Economics”. Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. Software Eng.,

2007 41

Resources for Cone of Uncertainty

Herding Cats

The planned uncertainty not only needs to decrease over time passing, but this reduction diminishes any impacts of risk on the decision-making processes. Remember Risk Management is How Adults Manage Projects - Tim Lister. IT Risk Management.

2007 42

Managing in Presence of Uncertainty

Herding Cats

This is an immutable principle that impacts planning, execution, performance measures, decision making, risk, budgeting, and overall business and technical management of the project and the business funding the project no matter the domain, context, technology or any methods.

2010 59

Monte Carlo Simulation

Herding Cats

Monte Carlo simulation on projects examines all paths through the network of activities or all possible states of the project for the duration, cost, and risk that create impacts on duration and cost. Flight software is always an issue where we work, so those ranges are wider even more.

2010 51

Deconstructing The Cone of Uncertainty

Herding Cats

Shipping on time, to specifications, and within budget might be meaningless if a competitor is shipping software that has a greater value to the market. It's suggested from observations, the Cone of Uncertainty (CoU) is not a valid model of how uncertainty behaves in software development projects. The notion of reducing uncertainty may be possible, but shipping on time and budget may be meaningless if a competitor ships greater value.

2007 38