Memory Trick for Model Failure Likelihood & Severity
Imagine a person named Ted C.
TED C. is not good at using models, SUMtimes it can be severe.
Likelihood:
Testing
Expertise
Documentation
Complexity
Severity:
financial Significance
Use frequency
Model importance
Comments
Thanks! I think this is really neat
@graham
Funny! Here's a direct link to that section in the CIA.Models reading: