Remove Engineering Remove Lean Remove Prince2 Remove Project Cost
article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Information about key project cost, performance, and schedule attributes is often uncertain or unknown until late in the program. Mazzuchi, and Shahram Sarkani, Systems Engineering , Volume 17, Issue 4, Winter 2014, Pages: 375–391. McMahon, Cross Talk: The Journal of Defense Software Engineering , July/August 2015, pp.

2003 46
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

100+ Project Management Statistics & Facts To Remember in 2019

ProProfs Project Management

Other than that, with well-defined processes and practices, the chances of project success automatically increases. . Adopting Project Management as a Practise . Kaizen, a lean project management technique, has shown immense growth in employee social satisfaction and well-being. Source: SAGE Journals ) Tweet this.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. Most, however, track the project's costs and deadlines.

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Control Costs . is a process of examining a project status to be able to change the project costs if necessary to reduce risks. . Cost Management . is a process of assessing, assigning, and administering all project costs. Cost Management Plan . Cost Performance Index/Indicator (CPI) .

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Control Costs . is a process of examining a project status to be able to change the project costs if necessary to reduce risks. . Cost Management . is a process of assessing, assigning, and administering all project costs. Cost Management Plan . Cost Performance Index/Indicator (CPI) .