Assignment

1. Leach, in the article Schedule and Cost Buffer Sizing, discussed the various types of bias inherent in conventional project estimating. Why is the bias for negative schedule impact greater than for cost? Why does the estimating method have little impact on the cost buffer, but has such a profound impact on the schedule buffer?

Write one page in response to the question fully (The questions are designed to get you to think beyond the face value of the readings, think critically about the material, assess its application, or ponder the historical/social impact of these techniques on our lives today.

Indicates where each part of the question is answered in the paper.

Article: Schedule and Cost Buffer Sizing: How to Account for the Bias Between Project Performance and your Model by Larry Leach.