Projects are frequently over cost (budget) and/or behind schedule. Cost overruns are common in infrastructure, building, and technology projects. For IT projects, a 2004 industry study by the Standish Group found an average cost overrun of 43 percent; 71 percent of projects came in over budget, exceeded time estimates, and had estimated too narrow a scope; and total waste was estimated at $55 billion per year in the US alone. “(Wikipedia — Cost Overruns)
Management can make better decision whether to do a project or how to do a project if they better understand the uncertainty in schedule and cost uncertainty. Deterministic assessments often have less than a 5-10% chance of being achieved (90% chance of being over cost and behind schedule).
During the 4-hour workshop we will:
Important: Please bring a laptop
(Workshop not included in conference registration. Please email or contact hilda at decisionprofessionals dot com to sign up — this workshop still has some spots open.)