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------------------------------
Original Message:
Sent: 05-26-2023 10:39 AM
From: Christian H. Heller
Subject: (PUBLIC REVIEW DRAFT) 127R-23: Choosing Among Strategic Alternatives Using Risk Analysis Concepts in Decision Modelling
(PUBLIC REVIEW DRAFT – Open until July 10, 2023) 127R-23: Choosing Among Strategic Alternatives Using Risk Analysis Concepts in Decision Modelling.
This draft RP is open for review and comment until July 10, 2023. 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
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Christian Heller
Director of Technical Guidance
AACE International
cheller@aacei.org
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