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Critical Chain and Risk Management • • • • • …
2001, Francis S. PatrickPage 1 Critical Chain and Risk Management protecting project value from UncertaintyFrancis S. Frank PatrickFocused Performance, Hillsborough, NJ, the value of a project involves dealing with the uncertainty that will be associated with its delivery. Therole of project Management is to assist in turning uncertain events and efforts into certain outcomes and promises. Ifthis is the case, then the primary process associated with project Management should be that of risk other processes, such as scope, schedule, and spending Management support risk Management is thereforecritical for successful project Management and for maximizing the value of our project -based efforts. One of themore recently introduced project Management methodologies has at its core a focus on the Management ofuncertainty and Chain -based project Management has received considerable attention in the project Management communitysince it was broadly introduced in Eliyahu M.
© 2001, Francis S. Patrick Page 1 Critical Chain and Risk Management • • • • • Protecting Project Value from Uncertainty Francis S. “Frank” Patrick
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