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Cone Of Uncertainty
In project management, the Cone of Uncertainty describes the evolution of the amount of best case uncertainty during a project. At the beginning of a project, comparatively little is known about the product or work results, and so estimates are subject to large uncertainty. As more research and development is done, more information is learned about the project, and the uncertainty then tends to decrease, reaching 0% when all residual risk has been terminated or transferred. This usually happens by the end of the project i.e. by transferring the responsibilities to a separate maintenance group. The term Cone of Uncertainty is used in software development where the technical and business environments change very rapidly. However, the concept, under different names, is a well-established basic principle of cost engineering. Most environments change so slowly that they can be considered static for the duration of a typical project, and traditional project management methods therefore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives. The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are clearly established, they should influence all decisions made by other people involved in the project – for example, project managers, designers, contractors, and subcontractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision-maki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disaster Management
Emergency management or disaster management is the managerial function charged with creating the framework within which communities reduce vulnerability to hazards and cope with disasters. Emergency management, despite its name, does not actually focus on the management of emergencies, which can be understood as minor events with limited impacts and are managed through the day to day functions of a community. Instead, emergency management focuses on the management of disasters, which are events that produce more impacts than a community can handle on its own. The management of disasters tends to require some combination of activity from individuals and households, organizations, local, and/or higher levels of government. Although many different terminologies exist globally, the activities of emergency management can be generally categorized into preparedness, response, mitigation, and recovery, although other terms such as disaster risk reduction and prevention are also common. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prentice Hall
Prentice Hall was an American major educational publisher owned by Savvas Learning Company. Prentice Hall publishes print and digital content for the 6–12 and higher-education market, and distributes its technical titles through the Safari Books Online e-reference service. History On October 13, 1913, law professor Charles Gerstenberg and his student Richard Ettinger founded Prentice Hall. Gerstenberg and Ettinger took their mothers' maiden names, Prentice and Hall, to name their new company. Prentice Hall became known as a publisher of trade books by authors such as Norman Vincent Peale; elementary, secondary, and college textbooks; loose-leaf information services; and professional books. Prentice Hall acquired the training provider Deltak in 1979. Prentice Hall was acquired by Gulf+Western in 1984, and became part of that company's publishing division Simon & Schuster. S&S sold several Prentice Hall subsidiaries: Deltak and Resource Systems were sold to National Education ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Upper Saddle River, New Jersey
Upper Saddle River is a borough in Bergen County, New Jersey. As of the 2010 United States Census, the borough's population was 8,208,DP-1 - Profile of General Population and Housing Characteristics: 2010 for Upper Saddle River borough, Bergen County, New Jersey , . Accessed February 16, 2012. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Software Development Effort Estimation
In software development, effort estimation is the process of predicting the most realistic amount of effort (expressed in terms of person-hours or money) required to develop or maintain software based on incomplete, uncertain and noisy input. Effort estimates may be used as input to project plans, iteration plans, budgets, investment analyses, pricing processes and bidding rounds. State-of-practice Published surveys on estimation practice suggest that expert estimation is the dominant strategy when estimating software development effort. Typically, effort estimates are over-optimistic and there is a strong over-confidence in their accuracy. The mean effort overrun seems to be about 30% and not decreasing over time. For a review of effort estimation error surveys, see. However, the measurement of estimation error is problematic, see Assessing the accuracy of estimates. The strong overconfidence in the accuracy of the effort estimates is illustrated by the finding that, on average, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planning Poker
Planning poker, also called Scrum poker, is a consensus-based, gamified technique for estimating, mostly used for timeboxing in '' Agile principles''. In planning poker, members of the group make estimates by playing numbered cards face-down to the table, instead of speaking them aloud. The cards are revealed, and the estimates are then discussed. By hiding the figures in this way, the group can avoid the cognitive bias of anchoring, where the first number spoken aloud sets a precedent for subsequent estimates. Planning poker is a variation of the Wideband delphi method. It is most commonly used in agile software development, in particular in Scrum and Extreme Programming. The method was first defined and named by James Grenning in 2002 and later popularized by Mike Cohn in the book ''Agile Estimating and Planning'', whose company trade marked the term and a digital online tool. Process Rationale The reason to use planning poker is to avoid the influence of the other par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Plan
A project plan, according to the Project Management Body of Knowledge (PMBOK), is: "...a formal, approved document used to guide both ''project execution'' and ''project control''. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among ''project stakeholders'', and document approved scope, cost, and schedule ''baselines''. A project plan may be summarized or detailed." The latest edition of the PMBOK (v6) uses the term ''project charter'' to refer to the contract that the project sponsor and project manager use to agree on the initial vision of the project (scope, baseline, resources, objectives, etc.) at a high level. In the PMI methodology described in the PMBOK v5, the project charter and the project management plan are the two most important documents for describing a project during the initiation and planning phases. PRINCE2 defines a project plan as: :"...a statement of how and when a project's objectives ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Southern California
The University of Southern California (USC, SC, or Southern Cal) is a Private university, private research university in Los Angeles, California, United States. Founded in 1880 by Robert M. Widney, it is the oldest private research university in California. The university is composed of one Liberal arts education, liberal arts school, the University of Southern California academics, Dornsife College of Letters, Arts and Sciences, and 22 Undergraduate education, undergraduate, Graduate school, graduate, and professional schools, enrolling roughly 21,000 undergraduate and 28,500 Postgraduate education, post-graduate students from all 50 U.S. states and more than 115 countries. It is also a member of the Association of American Universities, which it joined in 1969. USC is ranked as one of the top universities in the United States and admission to its programs is considered College admissions in the United States, highly selective. USC has graduated more alumni who have gone on to w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AACE International
AACE International (Association for the Advancement of Cost Engineering) was founded in 1956 by 59 cost estimators and cost engineers during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire. AACE International Headquarters is located in Morgantown, West Virginia, USA. AACE is a 501(c)(3) non-profit professional association. AACE International is a member of the Board of the Council of Engineering and Scientific Specialty Boards (CESB). Activities AACE is a non-profit organization with about 15 employees at its headquarters in Morgantown, WV. A variety of other organizations in the United States provide similar certifications, often specialized for particular industries, such as power, manufacturing, gas and oil. AACE is the publisher of ''Cost Engineering'', a bi-monthly technical journal, ''Skills and Knowledge of Cost Engineering'' (currently in its 6th edition), Source magazine (a b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Hurricane Center
The National Hurricane Center (NHC) is the division of the United States' NOAA/National Weather Service responsible for tracking and predicting tropical weather systems between the Prime Meridian and the 140th meridian west poleward to the 30th parallel north in the northeast Pacific Ocean and the 31st parallel north in the northern Atlantic Ocean. The agency, which is co-located with the Miami branch of the National Weather Service, is situated on the campus of Florida International University in Westchester, Florida. The NHC's Tropical Analysis and Forecast Branch (TAFB) routinely issues marine forecasts, in the form of graphics and high seas forecasts year round, with the Ocean Prediction Center having backup responsibility for this unit. The Technology and Science Branch (TSB) provides technical support for the center, which includes new infusions of technology from abroad. The Chief, Aerial Reconnaissance Coordination, All Hurricanes (CARCAH) unit tasks planes, for r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Residual Risk
The residual risk is the amount of risk or danger associated with an action or event remaining after natural or inherent risks have been reduced by risk controls. The general formula to calculate residual risk is : \text = (\text) - (\text) where the general concept of risk is ( threats × vulnerability Vulnerability refers to "the quality or state of being exposed to the possibility of being attacked or harmed, either physically or emotionally." A window of vulnerability (WOV) is a time frame within which defensive measures are diminished, com ...) or, alternatively, (severity × probability). An example of residual risk is given by the use of automotive seat-belts. Installation and use of seat-belts reduces the overall severity and probability of injury in an automotive accident; however, probability of injury remains when in use, ''that is'', a remainder of residual risk. In the economic context, residual means “the quantity left over at the end of a process; a remai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane
A tropical cyclone is a rapidly rotating storm system characterized by a low-pressure center, a closed low-level atmospheric circulation, strong winds, and a spiral arrangement of thunderstorms that produce heavy rain and squalls. Depending on its location and strength, a tropical cyclone is referred to by different names, including hurricane (), typhoon (), tropical storm, cyclonic storm, tropical depression, or simply cyclone. A hurricane is a strong tropical cyclone that occurs in the Atlantic Ocean or northeastern Pacific Ocean, and a typhoon occurs in the northwestern Pacific Ocean. In the Indian Ocean, South Pacific, or (rarely) South Atlantic, comparable storms are referred to simply as "tropical cyclones", and such storms in the Indian Ocean can also be called "severe cyclonic storms". "Tropical" refers to the geographical origin of these systems, which form almost exclusively over tropical seas. "Cyclone" refers to their winds moving in a circle, whirling round ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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