ABSTRACT
Russell Archibald and Voropaev compiled project data to classify projects into a smaller and more coherent classification grouping by characteristics. The hypothesis of this effort was that a classification scheme could begin to help in better understanding various life cycle methodology variations based on the features and processes found in a particular group. From a categorization model theory, there is a belief that each group could have more specifically defined processes, tools, and methodologies that fit their needs and the potential for reusable components that would save development time and effort. One memorable risk management example was observed from a deep-sea multibillion dollar drilling rig project where various quality tests were cut for the sake of saving time and money. The project manager typically pursues strategies to minimize risk exposure, but in some cases, this cannot be avoided based on the goal of the project.
