The IIL Blog
SEPTEMBER 13, 2023
For example, the projects must be delivered by a certain date. For example, IF the project costs more than planned, THEN there are multiple potential impacts. Risks are future events with a likelihood of occurrence and potential impact. IF this event occurs, THEN this is the impact. Constraints also create risks.
Herding Cats
MARCH 11, 2017
This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute.
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Herding Cats
MAY 10, 2019
Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Planning, Tracking, and Reducing Complex Project’s Value at Risk,” Tyson R. The Chaos & Complexity of Mega Projects,” Michael Bensussen, PM.2128, Maxime Le Bras, “Large?Scale
Herding Cats
MAY 11, 2019
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. Planning, Tracking, and Reducing Complex Project’s Value at Risk,” Tyson R.
Herding Cats
MARCH 11, 2018
A recent survey of 600 firms indicated that 35% of them had at least one "runaway' software project. Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Thesis Wayne State University, 2016. Aleatory uncertainty ?
Herding Cats
APRIL 16, 2019
Measuring the performance of deliverables, at the planned delivery date, for the planned cost is the best measure of progress to plan. Increasing the Probability of Success - Projects are one-off events. Project Performance Management. College of Performance Management , IPM Workshop, 2016.
Paymo App
FEBRUARY 8, 2018
TrackingTime – a tool for tracking time on recurrent tasks and scheduling repeating events. In 2016 they raised investments of $1 million and the company is growing with two investors to back them up: SNÖ Ventures and 500 Startups. TimeCamp – time tracking and invoicing app with a robust list of integrations.
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