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US 8,577,712 B2Granted
Assessing risk
AssigneeHewlett-Packard Development Company, L.P.
InventorsWilliam J. Douglas, Amanda Ness
Life of this patent
Estimating the term…
Abstract
Systems, methods, and apparatus, including software tangibly stored on a computer readable medium, involve a future deadline for completion of a project milestone. An estimate of an amount of time slippage associated with the future deadline is received. A probability of missing the future deadline is calculated based on the estimated amount of time slippage and an amount of time remaining until the future deadline.
Claims10
A method for assessing risk, the method comprising:
- identifying a future deadline for completion of at least one project milestone;
- receiving an estimate of an amount of time slippage associated with the future deadline;
- calculating, with a computer, a probability of missing the future deadline, wherein the probability of missing the future deadline is calculated by dividing the estimated amount of time slippage by a sum of a time remaining until the future deadline and the estimated amount of time slippage;
- calculating, by the computer, a percent of milestone slippage by dividing the time slippage associated with the project milestone by a sum of a milestone elapsed time and the time remaining until the future deadline of the milestone;
- presenting, by the computer, on a user interface a coordinate system comprising a first dimension representing a range of probabilities of missing the future deadline and a second dimension representing a range of percent of milestone slippage;
- plotting, by the computer, a data point representing each project milestone in the coordinate system where a value in the first dimension is the calculated probability of missing the future deadline and a value in the second dimension is the calculated percent of milestone slippage;
- defining a first region, a second region, and a third region in the coordinate system;
- and
- determining, by the computer, a risk level for each project milestone based on the location of each data point being in either the first region, the second region, or the third region in the graph.
6 more elements
A computer program product, tangibly stored on a non-transitory computer-readable medium, comprising instructions operable to cause a programmable processor to:
- retrieve stored data identifying a future deadline for completion of at least one project milestone;
- receive an estimate of an amount of time slippage associated with the at least one project milestone;
- calculate a probability of missing the future deadline, wherein the probability of missing the future deadline is calculated by dividing the estimated amount of time slippage by a sum of a time remaining until the future deadline and the estimated amount of time slippage;
- calculate a percent of milestone slippage by dividing the time slippage associated with the project milestone by a sum of a milestone elapsed time and the time remaining until the future deadline of the milestone;
- present on a user interface a coordinate system comprising a first dimension representing a range of probabilities of missing the future deadline and a second dimension representing a range of percent of milestone slippage;
- plot a data point representing each project milestone in the coordinate system where a value in the first dimension is the calculated probability of missing the future deadline and a value in the second dimension is the calculated percent of milestone slippage;
- define a first region, a second region, and a third region in the coordinate system;
- and
- determine a risk level for each project milestone based on the location of each data point being in either the first region, the second region, or the third region in the graph.
6 more elements
A data processing apparatus including a processor and a non-transitory machine-readable medium storing thereon machine executable instructions for causing the processor of the data processing apparatus to perform operations comprising:
- identifying a future deadline for completion of at least one project milestone;
- receiving an estimate of an amount of time slippage associated with the project milestone;
- calculating a probability of missing the future deadline, wherein the probability of missing the future deadline is calculated by dividing the estimated amount of time slippage by a sum of a time remaining until the future deadline and the estimated amount of time slippage;
- calculating a percent of milestone slippage by dividing the time slippage associated with the project milestone by a sum of a milestone elapsed time and the time remaining until the future deadline of the milestone;
- presenting on a user interface a coordinate system comprising a first dimension representing a range of probabilities of missing the future deadline and a second dimension representing a range of percent of milestone slippage;
- plotting a data point representing each project milestone in the coordinate system where a value in the first dimension is the calculated probability of missing the future deadline and a value in the second dimension is the calculated percent of milestone slippage;
- defining a first region, a second region, and a third region in the coordinate system;
- and
- determining a risk level for each project milestone based on the location of each data point being in either the first region, the second region, or the third region in the graph.
6 more elements
Dependencies are inferred from the claim text.