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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management Papers. “A

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A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Making these decisions in the presence Uncertainty ?

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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? Do you find yourself overcome by the inherent uncertainty of project variables like cost or schedule and worried about how they might impact your project's success?

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

The risk is created when we have not accounted for this natural variances in our management plan for the project. If we do not have a sufficient buffer to protect the plan from these naturally occurring variances, our project will be impacted in unfavorable ways. An aleatory risk is expressed as a relation to a value.

2003 46
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DDSTOP The Saga Continues

Herding Cats

Define the risks - reducible and irreducible - to each Capability and their Features. For each risk define the probability of occurrence, the probability of impact, the probabilities of duration or cost impacts from that impact, the probability of success for the corrective or preventive actions, and the probability of any residual risk.

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Software Estimating Resources

Herding Cats

Why Monte Carlo Simulations of Project Network can Mislead,” Terry Williams, Project Management Journal 35(3), pp. Monte Carlo Schedule Risk Analysis,” Intaver Institute, Inc. How is Effort Estimated in Agile Software Development Projects?,” Evaluating Project Decisions,” INTAVER Institute. 61, September 2004.

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Estimating is a Learned Skill

Herding Cats

Story Point Estimating,” Richard Carlson, ALEA, Agile and Lean Associates, 2013. Project Estimation in the Norwegian Software Industry – A Summary,” Kjetil Moløkken, Magne Jørgensen, Sinan S. Information Technology and Computer Science , 2012, 8, 43–50. Tanilkan, Hans Gallis, Anette C. Lien, and Siw E. 3, August 2012.