Probability Methods for Cost Uncertainty Analysis, 2nd Edition

316 Probability Methods for Cost Uncertainty Analysis

the veracity of the analysis is easily questioned. Details about the

analysis methodology, especially assumptions, are important to doc-

ument. The methodology must be technically sound, traceable, and

offer value-added problem structure and insights otherwise not vis-

ible. Decisions that successfully reduce or eliminate risk ultimately

rest on human judgment. At best, this is aided by, not directed by,

the methods in this book.

Exercises

8.1 Figure 8.8 identied a list of potential areas of program cost estimate

uncertainty. Think about areas not shown