List two examples each of variation, foreseen uncertainty, and unforeseen uncertainty that you have personally experienced in your studies
List two examples each of variation, foreseen uncertainty, and unforeseen uncertainty that you have personally experienced in your studies
Uncertainty is an inevitable aspect of most projects, but even the most proficient managers have difficulty handling it.
Some projects have few uncertainties only the complexity of tasks and relationships is important but most are characterized by several types of uncertainty. Accepted practice is to classify uncertain events by their source (technical issues, market, people, cost, schedule and quality) or by potential impact. Our categories, however, emphasize uncertainty as it relates to project-management techniques. Although each uncertainty type is distinct, a single project typically encounters some combination of all four.
Variation comes from many small influences and yields a range of values on a particular activity. Foreseen uncertainties are identifiable and understood influences that the team cannot be sure will occur. Unlike variation, which comes from combined small influences, foreseen uncertainty is distinct and may require full-blown risk management with several alternative plans.
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