Subjectivity and Risk Scoring

One common misconception that I was guilty of subscribing to is that while qualitative risk analysis always has some degree of subjectivity, quantitative risk analysis should remain strictly objective. My school of thought has since shifted that there is no such thing as truly objective data with which to conduct such an analysis, because if… Read More

Systemigrams and Complexity

I have been down in Virginia this week for some training and had some time to talk with some really smart people, something that I always enjoy. One of the topics that invariably pops up in the greater D.C. area is government contracts and the administration thereof. It all started with discussing how difficult it… Read More

Bayesian Risk Management

One area of project management that stumps a lot of people is how we come up with the probability and impact data for quantitative analysis. This is something is seldom discussed in the PMBoK, or even PMI’s Practice Standard for Project Risk Management. In fact, it is summed up succinctly in two paragraphs under Data… Read More