EXAMPLE: Estimation of Unknown Unknowns
Project are often complex and unpredictable events happens along the road of execution. We try to anticipate risk and opportunities in a world that is unpredictable (stochastic) and we do our best to make the project predictable (deterministic).
- Often people use most of their time analysing project work packages and Know Unknowns (Something we know – that we don’t know, that is have to solve, e.g. questions, requirements etc.).
- Why not look into Unknown Unknowns, something that we don’t know that we don’t know! And get close to the real world.
This video gives a rather simple method for estimation of (some) Unknown Unknowns making you budgets and plans more robust!
Google: ‘SP 03 estimation of unknown unknowns‘
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YOUTUBE INTRODUCTION: SEE WHAT IT’S ABOUT
Here is an introduction to the method. Listen to how you can use the method.
The method comprises for example:
- Budget analysis
- Time schedule analysis
- Business case analysis
- Project port folio analysis
- Time study analysis
During the analysis risk, assumptions and opportunities are emerging in combination.
It’s a Danish spoken video with subtitles. The subtitles can be automatically translates to e.g. English by YouTube.
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