(PUBLIC REVIEW DRAFT) 127R-23: Choosing Among Strategic Alternatives Using Risk Analysis Concepts in Decision Modelling

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(PUBLIC REVIEW DRAFT) 127R-23: Choosing Among Strategic Alternatives Using Risk Analysis Concepts in Decision Modelling

  • 1.  (PUBLIC REVIEW DRAFT) 127R-23: Choosing Among Strategic Alternatives Using Risk Analysis Concepts in Decision Modelling

    Posted 05-26-2023 10:40 AM

    (PUBLIC REVIEW DRAFT – Open until July 10, 2023) 127R-23: Choosing Among Strategic Alternatives Using Risk Analysis Concepts in Decision Modelling.
    <o:p></o:p>This draft RP is open for review and comment until July 10, 2023. <o:p></o:p>You may provide your comment by either:
    ·         Posting a message directly
    ·         Providing mark-up in the PDF file
    ·         Providing your comment in the Excel file<o:p></o:p>


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    Christian Heller
    Director of Technical Guidance
    AACE International
    cheller@aacei.org
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  • 2.  RE: (PUBLIC REVIEW DRAFT) 127R-23: Choosing Among Strategic Alternatives Using Risk Analysis Concepts in Decision Modelling

    Posted 06-19-2023 05:05 PM
      |   view attached

    Hi, please find attached my comments in log form. I think this is a useful practice but only for assessing a narrow aspect of a decision (completion date) at the Class 4/FEL 2/Select gate, not "strategic" (such terms are unclear as to meaning). It covers two specific, narrow methods, not a coverage of "risk analysis concepts". This coverage needs to be better stated in both the title and the introduction. It also needs to tie back to/reference phase gate in AACE technical literature including TCM 3.2 and 4.1 (and might borrow some language from those) and I suggest the excellent papers on TCM/phasing by Stephenson (2021, 2022) as key references.



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    John Hollmann CCP CEP DRMP
    Owner
    Validation Estimating LLC
    Leesburg VA
    1 (703) 945-5483
    jhollmann@validest.com
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