any of these risks should they materialize. Risk exposure IS ALCHEMY. But some RM coaches are still pushing it. You can do better using technique called «They are not going to give me more anyway». Some risks have materialized? So be it, you have maximum reserves to deal with them. Simple and easy to understand. 16
same but you turn one into another. Estimate which is too low guarantees trivial circumstances to have high impact for your project delivery date. Approved exaggerated estimate means the opposite. Why don’t we exaggerate estimates? Because everyone looks at them ☺ Risks are catching much less attention, because at the end of the day they are product of your what-if fantasies and you can produce as many of them as you want. You have too big estimate! Okay, now we have too much risk. So... You want to produce minimal estimate and sleep well. You need to eliminate known risks. 17
has a distribution close to normal (very strong statement, much stronger than it is presented in a high school): Normal distribution chart. Probability is a square below the chart 19
spacecraft Banknotes attached to your driving license (don’t do this in N. America) Emergency exits Unlike expert opinions, redundancy has a precise cost and always works 28