Here are the quick answers: When? Ideally, before and after kicking off projects with schedule commitments that are highly scrutinized (i.e., for most important time-sensitive projects with deterministic requirements). Why? To manage project schedule risk in the most effective way (i.e., SRAs are proven to be the best tools and techniques to employ… Continue reading When Why and How do We Use Project SRA Output Data?
Ask yourself “Do I really know the likelihood (or percent confidence) of meeting my project schedule commitment(s)?” If your project is relatively complex, with an aggressive completion date (i.e., is risky), and the schedule is based on single-point task duration estimates, your likelihood of meeting that date may be close to nil – or,… Continue reading Key Chrono Take-Aways!
A client reviewing the history of a troubled technology project portfolio asked, “Why are schedules always wrong? What challenges emerge between planning and implementation?” While there are infinite project-specific answers to that question, there are also general patterns helpful to understand. The word “plan” was adopted from French, it means “prepare” or “map”. In… Continue reading Why Are Schedules Always Wrong?
Humans are constantly estimating. We predict the future more than any other species. We estimate where our foot will land with our next step. We estimate how long it will take to commute to work. We estimate whether we have time to complete the home improvement project before guests show up for dinner. A vocal… Continue reading #YesEstimates
I recently received the following question about Chrono™, the new Project/Program/Portfolio Management tool released by my company, RTConfidence: “What are the benefits of this tool and why is it different from its competitors?” Here was my reply: “Most significantly, this tool solves some major problems in the Project/Program/Portfolio Management space. Today, the best tools… Continue reading Why Chrono?
If you, your employees, or your suppliers are using Microsoft Project and use another program or application to run SRA (Schedule Risk Analysis) Monte Carlo simulations, you should down-load and try the Chrono™ add-in – a revolutionary offering from RTConfidence.com. You will not regret it – it is not only easier to use than any… Continue reading Level-up Microsoft Project!
Going back about thirty years when I was a relatively new Program Manager, I was given an interesting proposition by my manager – “We want you to take on a new project that the executive team knows will be impossible to execute successfully, but it is strategically important, and we would like you to run… Continue reading “Solving the Impossible” – Find out how!
What would I (or you) be able to do if the IMS (Integrated Master Schedule) SRA (Schedule Risk Analysis) Model was always set up properly and the Monte Carlo Simulation only took a few seconds to both compute results and provide all the graphic outputs (e.g., the Probability Distribution charts for every task and milestone,… Continue reading The things I could do if my SRA Monte Carlo Simulation was faster!
If someone asks you “How long will it take for you to drive home from the grocery store?” you could probably give a very accurate estimate, especially if you made that drive many times before. If they ask you “How long will it take you to fix the facet?”, (and you don’t even know what’s… Continue reading What does a 3-Point Estimate Give Me?
Schedule Creation/Validation Checklists Most commercially available scheduling tools support creating what are called “well-formed schedules” in the trade. These are schedules that can predict project outcomes, monitor project progress, and recalculate task times based on status updates. Because some organizations use schedules as pretty pictures rather than project management tools, these same commercial tools have… Continue reading Schedule Creation: Know The Difference Between A Picture And A Schedule