4 ms·
It looks like risk planning was not done by your project manager. Risk planing includes risk prediction, calculation of possible time and/or monetary damage, ri
by drran 4y ago
It looks like risk planning was not done by your project manager. Risk planing includes risk prediction, calculation of possible time and/or monetary damage, risk reduction. For example, if we see that Foo can cause problem in near future with probability of 10% and can delay project with 5 members by 3-40 days, then average risk of lose is `0.1 * (40 - 3)/2 * 5 = 9.25` man-days. If we can reduce risk probability by factor of 10 by spending 2-man days of work early (1 man day of project manager + 1 man-day of a developer), then we will reduce cost to `0.01 * (40 - 3)/2 * 5 + 2 = 2.925` man-days, so 6.325 man-days are saved.