ABSTRACT

Uncertainty can resolve itself as time moves on. The uncertainty we have about a future event, such as tomorrow's weather or the outcome of a throw of dice, disappears when the time has come when we can see what the weather actually is and which number the throw of dice has given us. So uncertainty fluctuates over time and is related to the progression of time. The most obvious link with time is uncertainty regarding future developments. Hugh Courtney differentiates four levels of uncertainty, these are a clear enough future, a set of futures, a range of futures, and ignorance. Issues of fraud and responsibility are often examples of uncertainty because some relevant information was not recorded or deliberately embezzled. One good way to analyse the link between uncertainty and time in organisations is looking at projects. Project uncertainty can arise from missing clear project goals or knowing exactly in advance what the project will deliver.