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Books > Business & Economics > Business & management > Management & management techniques > Project management
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Practical Schedule Risk Analysis (Hardcover, New Ed)
Loot Price: R4,084
Discovery Miles 40 840
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Practical Schedule Risk Analysis (Hardcover, New Ed)
Expected to ship within 12 - 17 working days
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Project scheduling is required for good project management, and the
schedule represents the project plan under a specific set of
assumptions, often that it will avoid new risks or even those that
have occurred on previous occasions. The typical Critical Path
Method (CPM) schedule assumes that the project team knows how long
the scheduled activities will take. Yet, the experienced project
manager knows that duration values so precisely stated are actually
only estimates based on assumptions that could be wrong. A schedule
risk analysis explores the implications for the project's schedule
of risk to the activity durations and also identifies the most
important schedule risks. This analysis, building on and extending
CPM scheduling, will result in a more accurate estimate of
completion and provide an early opportunity for planning effective
risk mitigation actions. Practical Schedule Risk Analysis contains
a complete treatment of schedule risk analysis from basic to
advanced concepts. The methods are introduced at the simplest
level: * Why is the duration uncertain? * And how do we represent
this uncertainty with a probability distribution? These are then
progressively elaborated: * How does uncertainty of activities
along a path lead to more uncertainty of the path's completion
date? * How can a schedule with parallel paths be riskier than each
of the paths individually? * How can we represent risks about
activities that are not in the schedule at all? Culminating in a
discussion of the most powerful and advanced capabilities available
in current commercial software. Schedule risk analysis is a process
that is industry-independent, and the methods explained in this
volume have been used by the author with positive effect in such
industries as construction, oil and gas, information systems,
environmental restoration and aerospace/defense. The result is a
book that is not only highly practical; something that people
within all types of projects and in all industries can apply
themselves; but that is an extraordinarily complete guide to
creating and managing a rigorous project schedule.
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