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, in all likelihood, nowhere near even a 50% confidence level (which is our usual assumption). Thus, it might be wise to make changes to your plan before starting the project to significantly improve that likelihood.
The next questions are “How do I know the risk level of my current project plan, what are my options to improve it, and how much change is enough to indeed succeed?” You might not believe that there is a valid/proven approach to figure this out, but there is – it is called performing an SRA (Schedule Risk Analysis) and adjusting the plan to meet a >50% commitment goal.
SRAs are typically difficult to perform, costly, and time-consuming. RTConfidence decided to change this by developing a cost-effective, user-friendly tool that anyone with a desktop installed MS Project® license can now afford and use – and it even makes MS Project® easier to use. So easy that RTConfidence agrees to provide you and your organization with FREE on-line Chrono™ training with your license(s).
Let’s check out what Chrono™ provides to significantly “level-up” your use of MS Project®, and ensure more informed decision-making about project milestones throughout the Project Life Cycle:
Bottom line: Chrono™ provides more than “the date” to share with sponsors and stakeholders. The milestone completion prediction cumulative probability graph helps support more informed decision-making about project milestones. And the entirety of Chrono™ enables the type of proactive project risk management (on a continuous basis) that greatly enhances project/portfolio stakeholder success.
Get the book “Achieving Epic Business Results with Strategic Project Management” by Michael M. Bissonette!