Remove 2014 Remove Estimate Remove Process Remove Technical Review
article thumbnail

Industry, Product, and Technical Knowledge: What Makes a Project Manager an Expert?

Epicflow Blog

And in this publication, we discuss the role of industry, product, and technical knowledge in the work of a project manager. . Industry knowledge implies the understanding of the sector’s specificity, processes, regulations, job responsibilities, market trends, and things alike. . Production Processes. Project Requirements .

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) ? Project Risk Management: A Combined Analytic Hierarchy Process and Decision Tree Approach,” Prasanta Kumar Dey, Cost Engineering , Vol. De Meyer, C.

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

Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Project Risk Management: A Combined Analytic Hierarchy Process and Decision Tree Approach,” Prasanta Kumar Dey, Cost Engineering , Vol. De Meyer, C. 24, 2010.

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"? . This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. There is naturally occurring variability from uncontrolled processes.

2003 46
article thumbnail

Part II: A Simplified Approach to Determine IT Project Complexity

PM Times

It will discuss why the Core IT Complexity model is a good approach for most IT organizations and why it is important to determine project complexity as an ongoing and integral part of the Change Management and Risk Management process. 2014; Lessard et al., Introduction. It can also indicate potential risks to existing projects.

2016 52
article thumbnail

Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

This method is the Analytic Hierarchy Process (AHP). Brown and his book The Handbooks of Program Management: How to Facilitate Project Success with Optimal Program Management and my review of the same book. One relative measure used in our space and defense domain of technical maturity is the Technical Readiness Level. .

article thumbnail

What is Bimodal IT and How Does it Work?

Wrike

As technology accelerates work, businesses must make IT transformations to stay ahead. Traditional development processes no longer cut it — IT teams must adopt dynamic ways to maintain current infrastructures while improving their workflows and systems to address changing market demands. So, what is bimodal IT? Mode 1 vs. mode 2.