How to Create a Good Quality P50 Risk-based Baseline Schedul ...

Rufran C Frago

• 06 augustus 2017
• 9781508526032

Samenvatting:

In any management endeavor, time is a precious commodity. It is so valuable that it is only wise to use it with respect. Individuals and organizations can plan all they want but the schedule becomes the focal point comes execution. It is impossible to accomplish all activities on time if the schedule is poorly developed. While a bad schedule will most likely fail, a good schedule will succeed. As a project management professional, I was compelled to propose a solution, the P50 baseline schedule!The quality of the schedule translates easily to the end quality and cost of the project. A project manager is foolish to expect a timely delivery of a bad schedule. A bad schedule will result in budget overruns, and poor quality facilities, products/services. A poorly prepared schedule will not stay to expectation. This is the truth. It is not theoretical because it has been proven. It is a practical approach. Competing probabilities are bad for the project. There is a need to improve control, attainable only through a fully integrated project portfolio. A high probability activity depending on low probability predecessors will almost certainly be delayed. The delay will have a cascade effect of perhaps delaying the next tasks.There is a big possibility of overall delay because of varying degree of probability among activities. Identifying the P50 of each activity and aligning them is one solution. Enhancing success is possible by creating a sound, and achievable P50 Risk-based baseline schedule. While in the past, identifying the right dates and duration to increase achievability is just a wish, this time it is different! I am giving you the solution to convert all project activities to a P50. You now have the ability to create a baseline schedule with activities with whatever probability value desired other than P50; e.g. P60, P70, P80, or P90. Make your call now and try it!