For example, one path with best probable outcomes:
[S]->[a]->[b]->[c]->[d]->[E]
a=0.73
b=0.49
c=0.33
d=0.50
By taking the 3 lowest/riskiest key deliverables in the best case outcome:
0.49x0.33x0.50 = ~0.08 likelihood of project success
This means one should restructure the project, redefine the goal scope, or shelve the project.
People that practice this approach say "no" a lot, but the firm does survive.
Best of luck, =)
For example, one path with best probable outcomes:
[S]->[a]->[b]->[c]->[d]->[E]
a=0.73
b=0.49
c=0.33
d=0.50
By taking the 3 lowest/riskiest key deliverables in the best case outcome:
0.49x0.33x0.50 = ~0.08 likelihood of project success
This means one should restructure the project, redefine the goal scope, or shelve the project.
People that practice this approach say "no" a lot, but the firm does survive.
Best of luck, =)