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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Uncertainty is related to three aspects of the management of projects: The external world - the activities of the project itself. Our knowledge of this world - the planned and actual behaviors of the project. The risk is created when we have not accounted for this natural variances in our management plan for the project.

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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. 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.

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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. Management of Novel Projects Under Conditions of High Uncertainty,” A.