Putting Together the Project Curiosity Case Study
THIS CHAPTER INTRODUCES THE SCOPE and goals of a case study to demonstrate most of the methods and tools introduced in this book. It also introduces the risk management system adopted by a hypothetical project. The integration of deterministic and probabilistic methods is accentuated.
This hypothetical case study is a simplified carbon capture and storage (CCS) project called Curiosity. Its description, including baselines, is provided. A high-level base estimate and schedule are introduced in this chapter for demonstration purposes. Normally, the number of identified project uncertainties is measured in the dozens. Only a dozen of the most critical uncertainties were highlighted for this case study. Some of those are included in the probabilistic cost and schedule models. Features of these models bear the stamp of simplicity, which is inevitable when a ...