September 2013
Beginner
400 pages
10h 14m
English
book
Project Risk Management: Essential Methods for Project Teams and Decision Makers
by Yuri Raydugin
Content preview from Project Risk Management: Essential Methods for Project Teams and Decision Makers
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CHAPTER THIRTEEN
Preparations for Probabilistic Analysis
Questions Addressed in Chapter 13
- What are the main goals of probabilistic analyses?
- What is the method statement in probabilistic analysis?
- What is the high-level workflow in probabilistic analysis?
- What factors influence the duration of probabilistic analysis?
- What is the typical specification of inputs to probabilistic models?
- Why must correlations never be forgotten?
- “Probabilistic analysis? What do you mean by that?”
THIS CHAPTER IS DEVOTED to the steps in getting prepared for probabilistic risk analysis. The typical workflows of cost and schedule risk analysis will be outlined. Specifications of required input data will be introduced.
TYPICAL WORKFLOWS OF PROBABILISTIC COST AND SCHEDULE ANALYSES
Four major goals of probabilistic cost and schedule analyses are:
1. Investigation of confidence levels of planned or sanctioned project budgets and completion dates
2. Development of cost and schedule reserves to ensure the required or comfortable confidence level of total project costs and completion dates
3. Identification of the most sensitive general uncertainties and uncertain events for their further addressing, allocation of cost and schedule reserves against them, or optimization of baselines
4. Running and investigation ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.