I have observed that the term Project Risk is used very loosely. It is often confused with Issues or Problems. You would be wondering what… Read More »Dummies Guide To Project Risks & Issues – Examples & Definition
What is your Project Risk Management Strategy? “Duh! We will deal with the problem when it comes. Is there any other Project Risk Management Strategy?”… Read More »Change your Project Risk Management Strategy
Do you use Project Risk Response Strategies to avail Opportunities? Let us be frank here. Most of us never think about Project Risk Response Strategies… Read More »4 Project Risk Response Strategies for Opportunities
Pessimist – We are going Down. Optimist – We cannot go down any further. Now the only way is Up. Realist – Let us analyze… Read More »Why Optimism is BAD for the Projects?
A project is scheduled to FAIL from start. This is a very strong statement albeit true. I have noticed this phenomenon many times during my… Read More »Did You Know That A project Is Scheduled To FAIL?
You would find Program Evaluation & Review Technique (PERT), Critical Path Method (CPM) and Standard Deviation in complete detail this post. IT describes how they… Read More »Using PERT & Standard Deviation For Critical Path Analysis
You might be looking to understand the usage of variance and standard deviation in PERT formula. PERT is an acronym for Program Evaluation and Review… Read More »Variance And Standard Deviation In PERT Formula [PMP]
Three point estimating can be done in two ways. First one uses PERT formula and the second one calculates simple average of three different estimates… Read More »PERT Formula & Three Point Estimating: The Ultimate Guide
In my previous post I gave a brief on Procurement and Risk. I deliberated upon who (buyer or the seller) has more/less risk in contract… Read More »Procurement – Some practical aspects
Types of Contracts and Risk A Question You are working for a Defense Contractor. Your company is bidding for a Government’s secret project called Project… Read More »Which “Type of Contract” is More Risky?