Reliability is designed into a product. Quality is built into a product. Poor reliability is long term, difficult and expensive to rectify because it is woven into the fabric of the product.
Quality is a relative short term problem because once the badly written procedure, non-compliant material or poor workmanship is identified, it usually can be fixed relatively quickly with minimal impact to the program. Continue reading
Risk management involves the identification of risks, prioritization of the risks based on probability of occurrence and impact of occurrence, and mitigation plans to control the risks. Once identified and prioritized the question then becomes which risks should be incorporated into the schedule and which ones should be included in the risk register?
The general rule of thumb I have used requires risks with a 50% or greater probability of occurrence to be incorporated into the schedule. The other risks are entered into the risk register. Continue reading
Many companies outsource (subcontract) a majority of their work to stay competitive in today’s global environment. As a result, a serious risk arises associated with obtaining accurate and audible proposals from subcontractors for inclusion into the proposal to their customer. Continue reading