Posts Tagged
‘risk’

What is concurrent engineering? Concurrent engineering is when activities are paralleled that could be sequenced. Concurrent engineering can help us deliver the product earlier since we have compressed the schedule by overlapping the various development activities.  There are certain risks associated with this way of working. To be successful and not incur massive rework, it […]

Recently, on twitter, I had an occasion to express my discontent for the word Pragmatic.  My spontaneous outburst so amazed me that I decided to explore this further.  The definition on dictionary.com[1] is: Of or pertaining to a practical point of view or practical considerations Philosophy of or pertaining to pragmatism Of or pertaining to […]

Models are not new, and neither models in the employ of product development. Product development has always had some basis in discovery and always will. If everything had such a high degree of certainty, likely the product or endeavor has already been done. Developing new things ceaselessly brings questions. To be effective, we want to answer these questions as quickly and as certainly as possible.

Risk Management the Best ‘Fire’ Insurance for Your Project Risk management training day announced by the NC Piedmont Triad Chapter of the Project Management Institute in conjunction with Value Transformation. Greensboro, NC — The NC Piedmont Triad Chapter of the Project Management Institute together with Value Transformation are pleased to announce a risk management training […]

I comes as not surprise that I follow other bloggers. One of my favorites is a word press blog of Tisquirrel.  She has recently posted “It seems that I hate estimations. Really?” that I thought very telling. The trouble with Estimates The trials she describes happen very frequently. The truth is, estimates are just that […]

What is severity? We have been spending considerable time on risk in preparation for our up coming Piedmont Triad PMI Risk Management event.  Our last specific risk blog we discussed risk and probability.  That is only a part of the equation.  We are interested in probability, but we also need to know the severity.  Severity […]

Risk Reduction Via Outsourcing? Perhaps. Many times it seems that companies believe they minimize risks to their project simply by outsourcing. There is a kernel of truth in that approach with a caveat.  Consider the implications on the project if the outsourced work package is not delivered on time or at the right cost and […]

I have to profess before I go too far into this blog, that I am a great fan of book, The Hitchhiker’s Guide to the Galaxy by the great Douglas Adams.  I remember watching this on public television on the olden days, the special effects were not so grand but everything else about the program was […]

A discussion of risk would not be completed without a discussion of probability and severity.  When we are looking at risky event, we are in essence establishing or assessing the probability of some undesired event coming to fruition.  However, even our desired events, for example the completion of a task on the critical path at […]