Estimates & Buffers

“A clever person turns great troubles into little ones and little ones into none at all.” – Chinese Proverb If you’ve been following the series on the well-formed schedule and the subsequent series of posts, you are aware that from the WBS you create estimates and iteratively refine those estimates …

Risk Buffers – An Example

“President Bush has said that the economy is growing, that there are jobs out there. But you know, it’s a long commute to China to get those jobs.”                                                                                                 – Tom Daschle In The Schedule – Risk Buffers, the concluding post of a series on developing the well-formed schedule, I …

The Schedule – Risk Buffers

“The first step in the risk management process is to acknowledge the reality of risk.  Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning.”                                                                                                                 – Charles Tremper With this post, we conclude the series on developing the well-formed schedule.  We have taken the WBS, which defines …