Schedule Risk: Why Your Project Will Be Late

ScheduleRiskWebinar

Overview

Completing non-trivial projects on their originally promised date is such a rare occurrence that we often expect them to be late. Although there are numerous valid reasons for exceeding schedule commitments, some of the most overlooked are structural risks associated with how the schedule was created and expectations were initially set. This webinar will explore aspects of schedule creation and examine the surprising effects of risks, including merge bias, the challenges of estimation, and trying to represent uncertainty in a schedule. It will also suggest a way to effectively communicate schedule risks to clients and sponsors.

Objectives

Participants will learn about structural challenges in schedule dependencies: merge and burst nodes
Participants will learn some of the advantages of 3-point estimates
Participants will be introduced to monte carlo schedule simulations
Participants will learn an effective way to communicate schedule risk and confidence to stakeholders

Outline

Define Risk
Explore estimation
Burst Nodes
Merge Nodes
Distributions created from 3-point estimates
Presenting schedule uncertainty

PMI-PDU Information

The Project Management Institute (PMI®) has discontinued its Registered Education Provider program. People successfully completing this course may still claim 1 contact hours of project management related education.

    Class Registration

    Integrating Risk into Project Planning

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    Class date: March 17, 2020

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    Location

    Online

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    Cost

    $25