The use of quantitative risk analysis of cost and schedule is an imperative for complex aerospace projects. NASA policy is to analyze cost and schedule risks jointly. This talk presents a high-level statistical approach to the estimate of joint cost and schedule risk, including the use of machine learning techniques.
This approach provides advantages over a detailed, bottom-up method that is often used. The application of this approach to a NASA mission that resulted in median cost and schedule estimates within 1% of the actuals is presented.
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Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
