Take advantage of twenty-twenty hindsight when it’s most needed — at the start of the project! The way to get a retrospective view at the beginning of the project is to use Gary Klein‘s risk analysis technique, the project premortem. This is a meeting before project execution starts. The attendees of the meeting are asked to imagine the projectContinue reading “Back to the Future Risk Analysis”
Tag Archives: Risk Management
Planning to Infinity
Under-planning for contingencies leads to a project whose duration tends towards infinity. Over-planning for contingencies leads to a schedule whose duration tends towards infinity.
Critical Path and Critical Deliverables
The Critical Path is a mathematical analysis that identifying the sequence of activities that add up to the longest overall duration. In other words, this is the quickest the project can be done. However, this analysis does not take into consideration the criticality of the deliverables. It only identifies the longest (duration) sequence of activities, regardlessContinue reading “Critical Path and Critical Deliverables”