Unknown Unknowns – Probabilistic Modeling in Projects

Yuri Raydugin, P.Eng, MBA, PhD, Principal Consultant at Risk Services & Solutions, Inc. points out that project management practitioners recognize the need to consider “unknown unknowns” in project risk management.  However, clear and consistent recommendations on incorporating these uncertainties into risk models have yet to be proposed. In a recent white paper, Dr. Raydugin outlines […]