Risk, Opportunity, Uncertainty and Other Random Models

6 Introduction to Critical Path and Schedule Risk Analysis

Recognising the need to plan is the first step towards arriving at a successful outcome. The reverse is certainly true, as the popular unverified quotation states: if we don’t plan, we shouldn’t expect to be successful … but we might just get lucky! (Hmm, try telling your director that and see how long you get to stay in the same room!)

Every estimator should be able to plan in support of a robust Estimating Process (see Volume I Chapter 2). If they are cost estimators, they also need to be able to understand the implications of a plan or schedule in terms of the interaction between cost and schedule.

A word (or two) from the wise?

'Failing to plan is planning to fail.' Popular Quotation ...