Risk Management in Five Easy Pieces, with Apologies to Jack
AUGUST 5, 2017
Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. What are the “units of measure” for this increasing maturity? Using the Triangle Distribution for the costs and durations, a Monte Carlo simulation of the network of activities and their costs can be performed.