Aerospace Budget Estimate Risk 
Epicflow Blog
OCTOBER 1, 2022
Let’s dive into the causes for budget overrun in aerospace and defense projects, and consider the ways of preventing them. What causes budget overrun in aerospace and defense projects? . Unrealistic cost estimates. Improper risk management. And the good news is that they can be taken under control. .
Herding Cats
MAY 10, 2019
Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. requires making estimates) ? Risk Management Papers. “A
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Herding Cats
MAY 11, 2019
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. Risk Management is essential for development and production programs.
Herding Cats
OCTOBER 11, 2016
I work in the Software Intensive System of Systems domains in Aerospace, Defense, Enterprise IT (both commercial and government) applying Agile, Earned Value Management, Productive Statistical Estimating (both parametric and Monte Carlo), Risk Management, and Root Cause Analysis with a variety of capabilities. OMB A-11 Part 7.
Herding Cats
AUGUST 12, 2016
Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Inadequate accessment of risk and unmitigated exposure to these risks with proper handling plans. Before diving into the details of these, let me address another issue that has come up around project success and estimates.
Herding Cats
OCTOBER 16, 2018
In ISO 15288 this is the role of the Risk Management Processes. A second Critical Success Factor is the ability to predict what will happen in the future given the model of the project's activities and risks and the alternative designed as well as emerging designs and external processes. . This is the desired outcomes model.
Herding Cats
MARCH 4, 2017
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. All project work operates in the presence of uncertainty.
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