Joint Confidence Level Solution By Galorath
Congratulations to Galorath’s Chris Hutchings and Denton Tarbet and MCR’s Steve Book for their approach to NASA’s joint probability challenge. Chris worked all weekend and had it nailed by Monday. Then he saw the papers from the prior week’s NASA 2009 cost symposium on Monday. Steve Book had independently come up with the same approach.
So while perhaps Denton and Chris can’t claim to be first to publish it, they can claim to be creators of what appears to be one of the winning approaches to joint confidence level.
Hats off to all three, and to the others who presented approaches to joint probability at the NASA Cost Symposium. There were a number of other excellent solutions presented at the NASA symposium.
And other risk gurus at Galorath and elsewhere are studying even more effective solutions.
Thank you for reading “Dan on Estimating”, if you would like more information about Galorath’s estimation models, please visit our contact page or call us at +1 310 414-3222.
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Worth mentioning is that Chris is NOT on our technical team, he mostly sells. That a sales guy can do pretty technical statistics speaks to the depth of our bench!