Library

Article Scheduling, Estimating, Risk Management 1 December 2015

PM Network

The 20 - percent solution

By Smith, Ronald B. Most recently baselined project plans are inaccurate because they have unrealistic start dates, finish dates, work hours, costs and/or durations. Poor estimating during the planning phase is a big…

Article Risk Management, Quality Management, Estimating October 2011

PM Network

Estimating errors

By Swanson, Sandra A. Many projects have a thin margin of error to begin with, and economic pressures only complicate matters. When high-profile blunders occur, those involved find themselves in the harsh glare of the…

Conference Paper Risk Management, Estimating 14 July 2010

Simulation as a teaching tool for quantitative risk analysis in project time management

By Hoffman, David B. | Piccard, LuAnn A Guide to the Project Management Body of Knowledge (PMBOK® Guide) outlines quantitative tools and their role in evaluating project completion times. These tools include simulation because it is a…

Article Risk Management, Program Management, Estimating May 2010

PM Network

Bolts from the blue

By Smart, Maya Payne At the core of practicing risk management is the essential truth that unforeseen events are unpredictable and therefore unknowable. Organizations can, however, establish a system that will enable…

Conference Paper Risk Management, Estimating 16 July 2008

The predictive validity and performance drivers of risk-based estimating

By Napier, Zigrid | Liu, Li Research has identified two reasons why project estimates are often inaccurate: optimism bias and strategic misrepresentation. This paper examines the cost performance of 11 Australian water…

Conference Paper Scheduling, Strategy, Risk Management, Estimating, Stakeholder Engagement 1 November 2001

Seminars & Symposium

Managing software projects at AT&T

By Ondov, Rhoda The causes of the successes and failures in software projects attempted over the years within AT&T are analyzed from the results of operational assessments. These findings show consistency over the…

Article Risk Management, Estimating December 2000

PM Network

Contingency, risk and ensuring quality

By Mars, Lary A. Projects delays and cost overruns are not so much the result of bad estimates as they are due to an incomplete Work Breakdown Structure (WBS) that does not initially identify all the tasks involved.…

Article Risk Management, Cost Management, Estimating September 2000

Project Management Journal

Modeling the cost of political risk in international construction projects

By Al-Tabtabai, Hashem M. | Alex, Alex P. This paper describes a neural network model that can provide assistance in predicting the additional increase in project cost, due to political risk source variables affecting a construction project…

Article Quality Management, Risk Management, Estimating March 1994

Project Management Journal

Project budgeting

By Scotto, Marie A large number of the problems managers are facing in projects can be traced directly to the use of inappropriate budgeting and management techniques on project efforts. Although the engineering and…

Article Risk Management, Estimating March 1985

Project Management Journal

Estimating project costs with regression and risk analysis

By Pentico, David W. Project managers use several types of models to develop project bids. But to develop a bid that does not underestimate project cost, project managers need to first understand the possible financial…