Aleatory Uncertainty Creates Irreducible Risk
Herding Cats
FEBRUARY 14, 2018
Irreducible cost risk is handled with Management Reserve and Cost Contingency are program cost elements related to program risks and are an integral part of the program's cost estimate. Assigning Cost Reserves needs knowledge of where in the Integrated Master Schedule or Product Roadmap, with it's Release Plan, these cost reserves are needed.
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