article thumbnail

Simplifying the Job of an Aerospace Engineering Project Manager with a Resource Management Solution

Epicflow Blog

Project management in aerospace engineering deals with large-scale complex initiatives that require perfect coordination between all the parties involved. In addition, typical project management challenges such as resource conflicts, uncertainty, changing requirements, etc. Challenges in Aerospace Engineering Projects.

article thumbnail

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Taxonomy-Based Risk Identification,” Marvin Carr, Suresh Konda, Ira Monarch, Carlo Ulrich, and Clay Walker, Technical Report, CMU/SEI-93-TR-6, Software Engineering Institute, June 1993.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

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. Management of Novel Projects Under Conditions of High Uncertainty,” A.

article thumbnail

The Problems with Schedules

Herding Cats

Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Unanticipated Technical issues with alternative plans and solutions to maintain effectiveness. Before diving into the details of these, let me address another issue that has come up around project success and estimates. Just the estimate.

article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow Blog

For example, the aerospace and defense industry is associated with the following risks: Volatility in the geopolitical and economic environment, Competition in the domestic and international markets, Exposure to cyber risks, and others. They enable early identification of potential risks and issues across multiple projects.

article thumbnail

DDSTOP The Saga Continues

Herding Cats

This knowledge starts with Reference Class Forecasting which is a method of predicting the future (cost, schedule, technical performance) by looking at similar past situations and their outcomes. For cost and schedule, there are databases containing 1,000's of past projects. Where do you find these Reference Classes ? .

article thumbnail

DDSTOP The Saga Continues

Herding Cats

At the other end of the spectrum, when systems are not well defined and each is individually reacting to technology and mission changes, the environment for any given system becomes essentially unpredictable. 4] "Explicating the dynamics of project capabilities," Andrew Davies and Tim Brady, . 6, No 5, October 2014. [3]