Risky Links

In Practice Standard for Project Risk Management the authors illustrate the structure of a quantitative risk analysis. The structure contains Risk Prioritization, Examine Interrelationships Between Risks, Collect High Quality Risk Data, Project Model, Perform Quantitative Risk Analysis, and Results. The second step in this process, examining interrelationships, can have significant impact on the risk analysis…

Exaggerated Estimates

In this post I’d like to discuss how estimating is one of the riskiest aspects of any project.  The best book for understanding this isn’t on the reading list for my classes at UMUC, but that’s probably because it’s too engaging to be used as a text book.   The resource in question is Goldratt’s…

Critical Chain

Eliyahu M. Goldratt became a master of project management through hard work and careful observation.  His ideas and contributions to project management would have gone unappreciated if he wasn’t also a good communicator. In this business novel Goldratt articulates problems typical with project management.  Through careful dialogue his characters extract perspectives on solutions that help…