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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. All estimates have precision and accuracy. Accuracy - how close is the estimate to the actual value?

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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. requires making estimates) ? Evaluation of the Risk Analysis and Cost Management (RACM) Model,” Matthew S. Estimation of Long?Term reducible and irreducible ? 117, July 1998.

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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. requires making estimates) ? Estimation of Long?Term

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. is the description of all activities planned for completing a project. Analogous Estimating .

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. is the description of all activities planned for completing a project. Analogous Estimating .

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The Best 53 Project Management Blogs You Should Be Reading

Paymo App

Using Return on Investment to Evaluate Project Management Training. What to expect: As a Lean and Agile project management expert, Corinna Baldauf shares her knowledge to help PM professional find and fix process problems. Understanding Project Costs in a Simple Way. How to Use Kanban for Project Management.