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What ever happened to the BLACK SWAN?

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Henry Hattenrath Project Consultant| Tectonic Engineering MSA LLC New York, Ny, United States
The Black Swan was a term that described an event on a project that created significant impact while managing to miss being included in the risk management plan. What changed in our project management processes that there are no stories on the Black Swan?
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Drake Settsu Project Manager / Blogger Hi, United States
The new term is "My Bad".
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Henry Hattenrath Project Consultant| Tectonic Engineering MSA LLC New York, Ny, United States
Nov 03, 2017 5:19 PM
Replying to Kiron Bondale
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Unfortunately, the term has been abused to cover situations where high impact unknown-unknowns could have been envisioned had the right stakeholders spent enough effort on risk identification or on risk interrelationship mapping.

True Black Swans should be used to label those events which simply could not have been predicted.

Kiron
Thanks Kiron for the comment. I hope PMI will consider a definition so the community can all have a basis for future conversations on Black Swan.

Henry
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Vithal Parab Associate Consultant| Tata Consultancy Services Mumbai, Maharashtra, India
Me also never heard of " Black Swan", can some one share more information regarding this.
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1 reply by Henry Hattenrath
Nov 07, 2017 6:24 PM
Henry Hattenrath
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Hi Vithal

For more information, check out the other commenter posts. There is also a proposed definition for the next update to PMI's Risk Management Practices Standard.
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Henry Hattenrath Project Consultant| Tectonic Engineering MSA LLC New York, Ny, United States
Nov 07, 2017 5:12 AM
Replying to Vithal Parab
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Me also never heard of " Black Swan", can some one share more information regarding this.
Hi Vithal

For more information, check out the other commenter posts. There is also a proposed definition for the next update to PMI's Risk Management Practices Standard.
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