Aerospace Budget Project Cost 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. Uncontrolled changes to project scope .
Herding Cats
MAY 10, 2019
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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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. Making these decisions in the presence Uncertainty ?
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.
Epicflow Blog
MARCH 22, 2024
This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?
Herding Cats
JANUARY 23, 2019
If you're not an expert, you're not going to recognize the possible solutions, risks, impediments, and opportunities for the problems you'll encounter in developing a solution that has never been developed before. They don't care about cost, risk, schedule, the probability that they'll get what they paid you for.
Herding Cats
FEBRUARY 9, 2019
In our software-intensive system of systems domain, we develop proposals with 80% confidence of completing on time and on budget at the time of submission. The ±10% value has no context (as usual), but that range is certainly possible using the processes of probabilistic modeling of the project. . Both of these actions cost money.
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