11. Back to Basics

In this chapter, we go back over the basics of risk, risk diagrams, and the interaction of risk management with the more familiar roles of project management. Our purpose in this second pass is to add a bit of rigor to the fast-and-loose presentation of the introductory chapters.

The Hidden Meaning Behind “I Don’t Know”

An essential part of project management is coming up with answers to key questions such as, When will you be done? What mean-time-to-failure will your product exhibit? Will your user accept and use the product? All of these are money questions since they deal directly with the cost/value trade-off of the product to be delivered.

One honest answer to all of these questions is, “I don’t know.” Of course you ...

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