No. 5 - Risk Management :: 9 Project Management Knowledge Areas - To skew or to not skew PDF Print E-mail
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PLOG - Plog Category: Project Management blues
Written by Administrator   
Thursday, 09 July 2009 10:57
Article Index
No. 5 - Risk Management :: 9 Project Management Knowledge Areas
Risk of Exposure
Camping and Risk Management
Managing Risk - The Matrix
But what about the real world?
The Tolstoy Effect
To skew or to not skew
What about our trip?
All Pages

 

 

So who's right? Well, of course we all know when it comes to forecasting the weather, it's a lot of science with a good dash of guess work based on current meteorological data preceding your present time and location. So we really don't have a 'right' or 'wrong' answer, only time will tell. What does that mean for the business world? Well, it turns out that oddly enough corporations don't run to different from what I just mentioned above. Often times there is lots of guess work mixed in with historical data and data from outside sources such as consultants. But we have no idea whether one item will come true or not. All we are hoping to do is to initiate discussion, make plans and watch the project for signs of danger. Do we skew our data? We certainly try not to. But that's why we have group consensus, documentation and sign off protocols (some of which I've already touched on and the topic of 'effective meetings' will be covered in a future Plog).

 



Last Updated on Tuesday, 21 July 2009 15:16
 

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