Three point estimating – RTConfidence

Risks vs. Opportunities & Three Point Estimating

I’m a long-time advocate of effective risk management. I’ve done it, taught it, and written about it. That said, formal risk management as described in PMI’s PMBOK® Guide has something that annoys me – conflation of risks (potential negative impact) and opportunities (potential positive impact) and suggesting both are equal fodder for risk management planning and management processes. While I agree that risk and opportunities are related concepts, they tend to emerge and… Continue reading Risks vs. Opportunities & Three Point Estimating

Risk: Why Your Project Will Probably Be Late – and How Three Point Estimating Can Help

Abstract Completing non-trivial projects on their originally promised date is such a rare occurrence that we often expect them to be late. Although there are numerous valid reasons for exceeding schedule commitments, some of the most overlooked are structural risks associated with how the schedule was created and expectations were initially set. This essay explores aspects of schedule creation… Continue reading Risk: Why Your Project Will Probably Be Late – and How Three Point Estimating Can Help