Remove Influencer Remove Information Technology Remove Project Cost Remove Strategy
article thumbnail

Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

For example, project managers will aggregate the results and understand the range and likelihood of possible outcomes, such as costs, schedules, and resource needs, to make informed decisions, plan contingencies, and formulate risk mitigation strategies. Document these variables.

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Cost, Schedule, and Technical Performance Management (#CSTPM). Strategy (#Strategy). Journal Papers, White Papers, and Essays on Project Success (#Papers). Project Success Assessment - A checklist for assessing the processes for project success. Product Development (#ProdDev). Balanced Scorecard (#BSC).

Insiders

Sign Up for our Newsletter

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

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. This blog page is dedicated to the resources used to assess risks, their impacts, and handling strategies for software-intensive systems using traditional and agile development methods.

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. Project Risks and Opportunities Management,” Thomas Petravi?ius,

article thumbnail

DDSTOP The Saga Continues

Herding Cats

1] "Systems Engineering Strategies for Uncertainty and Complexity," MITRE Corporation, Systems Engineering Guide. [2] 2] "A Guide to Deal with Uncertainties in Software Project Management," International Journal of Computer Science & Information Technology (IJCSIT), Vol. Plans are Strategies.

article thumbnail

DDSTOP The Saga Continues

Herding Cats

Reducible Technical Risk - is the impact on a project, system, or entire infrastructure when the outcomes from engineering development do not work as expected, do not provide the needed technical performance, or create higher than the planned risk to the performance of the system. . Plans are Strategies. Strategies are Hypotheses.

article thumbnail

DDSTOP The Saga Continues

Herding Cats

Judgment from experience requires repeatability (experts work best in Complicated or Ordered cynefin domains) The moment you have little-to-no repeatability experts are at best useless, adaptability is a better survival strategy. Cost risk estimating assessment addresses the cost, schedule, and technical risks that impact the cost estimate.