Although we posted some of our initial thoughts, and have been getting some great feedback from everyone, Rich and I realized that we need a standard patch management cycle so that we can break apart the different parts of the project, so that they can be considered separately and in detail.

Rich has researched several other patch management cycles, and posted a graphic that represents a tentative granular cycle that enables us to move forward.  Clicking on the image will take you to the Project Quant project page and Rich’s original post, which also provides a brief description for each component shown on the graphic.

PatchManagementCycle[1]

Also, I want to make sure that you know the Project Quant Forum pages are up and active.   Thanks to DS, Dutch, Daniel, Allen and others that have shared their expertise on the “initial thoughts” thread.