The figure below was developed using simulation to visually represent risk as a function of cost and performance. (The three lines represent probability of completion.)
a. Can you develop a similar plot of cost versus time showing risk?
b. The cost-versus-performance curves are exponential. Do you think this is representative of reality?
c. How would technology affect the slope of the lines?
d. How would technology maturity/immaturity affect the shape of the curves?