All projects need to be planned, and the project Critical Path Method (CPM) schedule is the most powerful asset in the project planner’s toolset to plan the project, forecast the project’s key dates and manage the resources assigned. Yet from reviewing many project schedules of oil & gas and construction projects in the commercial sector and in government agency projects such as aerospace, software and construction we see a wide variation in the capability of the schedulers to put together, and of management to understand the project schedule.
EThis workshop presents the best practices in project scheduling as simply as possible and explains why following them gets the best result. We discuss the key concept of understanding the schedule as a dynamic tool for project management versus a list of dates, some of which are often imposed on the project from the outside.
Still, projects often overrun their schedules. We may overrun schedules because the schedule is not the idealized perfect schedule but is influenced by forces that lead to an infeasible plan from the beginning.
A main reason that we overrun project schedules is that risk from many sources tends to make the work take longer than planned or add work not in the baseline schedule. Identifying risks and estimating their probability and impact on the schedule will accomplish two key goals: (1) developing a realistic view of when the project finishes following the current plan, and (2) identifying the key risk drivers for risk mitigation and hence better project performance.
Organizations are increasingly requiring schedule risk analysis in advance of key decision points to make sure they have a realistic view of their project’s timeline. They realize there is something beyond the static CPM schedule. Building on a well-structured schedule, risk analysis provides a view of the project’s timeline in an uncertain world, very common in oil and gas projects. We will discuss experience with offshore installations, refinery and other on-shore facilities and pipelines during this course.Key benefits for attending this event
LEARN what to expect from your Critical Path Method schedule
UNDERSTAND the common errors in project scheduling and how to avoid or fix them
MASTER the basics of project scheduling and progress to advanced concepts
IDENTIFY and deal with the common cultural and individual biases in scheduling
FIND OUT the 10 Best Practices of project scheduling
DISCOVER the limitations of static CPM scheduling and why believing in the schedule can lead to trouble
EXAMINE why Schedule Risk Analysis adds to your understanding of the project’s timeline
KNOW how to identify risks to the project schedule
ANALYZE how the corporate culture makes it difficult to address schedule risk directly
LEARN what we should tell the customer or other stakeholders about the project’s completion date
GAIN INSIGHT on how do we estimate an appropriate schedule contingency reserve of time
Why you cannot miss this event
Any project manager or executive with a stake in whether projects finish on time should attend. Both good quality project scheduling and risk analysis will provide a complete picture of the prospects for the project’s timeline. The project scheduler and project manager need to know the Scheduling Best Practices and assure himself that these are being applied.
Schedule risk analysis is a tricky subject for some organizations that have not yet adopted the concept and practice, although it has been available for over 20 years. Management has a pivotal role in making risk analysis a successful and managers need to know what they do to facilitate or hinder the exercise. If you want to know which risks to mitigate first, to get a better result, this course will show how to identify those priority risks.
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