Risk Management

Evaluating Project Schedules Utilizing Quantitative Risk Analysis

Nobody wants to miss their project deadlines, so a common practice of project managers is to pad their project schedules by an arbitrary margin, like 10 percent. This works in a pinch, but there are better options available to you. In a post at the Project Risk Coach, Harry Hall discusses the value of applying quantitative risk analysis to the project schedule. He shows how using some simple calculations and charts can create a more precise and reasonable margin of buffer days, one backed by demonstrable data.

You can view Hall’s concise explanation here: http://projectriskcoach.com/evaluating-project-schedules-utilizing-quantitative-risk-analysis/

John Friscia

John Friscia was the Editor of Computer Aid's Accelerating IT Success from 2015 through 2018. He began working for Computer Aid, Inc. in 2013 and grew in every possible way in his time there. John graduated summa cum laude from Shippensburg University with a B.A. in English.

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