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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management Papers. “A

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A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Making these decisions in the presence Uncertainty ?

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Implications of Artificial Intelligence on Project Management

The IIL Blog

By Eugene Bounds and Steve Ackert Recently, the buzzword artificial intelligence (AI) has been on everyone’s minds, not just in the tech world but across many industries, including project management. Over twenty AI-enhanced tools today focus on project management capabilities and features (e.g., While some tools (e.g.,

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The Road to Responsible Collaboration: An Introduction

The IIL Blog

Collaborative project management and business alignment are closely related, and ultimately result in what I call a Delivery Organization. This organization-centric concept of project management (PM) acknowledges the obvious – corporate projects operate in a corporate environment which can be favorable or unfavorable. Why is that?

2004 78
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The Road to Responsible Collaboration: Organize to Collaborate

The IIL Blog

In this third article, Robin argues that specific drivers, some well-known but re-imagined as evolutionary steps, lead naturally to project management maturity and the complete alignment of corporate and project goals. Introduction In the previous article , I discussed techniques the project manager (PM) can use to foster alignment.

PMO 78
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A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Managment Processes. Nine Best Practices of Project Management , Software Program Managers Network (SPMN). Top Habits of Successful Project Managers. The Nine "I's" of Program Success ," College of Performance Management. Flawless Execution.

2003 54