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TOPIC: Representations of uncertainty

Representations of uncertainty 1 year 6 months ago #16641

  • Daniel Kokkos
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What is Representations of uncertainty Where is it used? is this a risk definition?

Does this have to do with overall risk?

Representations of uncertainty 1 year 6 months ago #16657

  • Joe Pang
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Hi Daniel,

Representations of Uncertainty is one of the Tools & Techniques used in Quantitative Risk Analysis. It is basically the probability model you select to represent the unknowns (whether it be schedule, cost or resource requirements) for the quantitative risk analysis. (Pg 432 PMBOK 6)

For example, if this is a new project without previous lessons learned and not much reliable data available, I would choose a triangle distribution as my Representations of Uncertainty.

Hope this helps,
Joe
Toronto-based project manager, I specialize in Capital Projects and Digital Transformation Projects for the power & utility sector.

I welcome all types of collaboration opportunities, feel free to connect with me on Linkedin

Representations of uncertainty 1 year 6 months ago #16666

  • Dan kokkos
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Thanks Joe. This helps.
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