Every estimate about a future outcome is uncertain! This subject
looks at the effect of uncertainty on schedule predictions and the
tools and techniques available to manage the consequences of
uncertainty and improve the accuracy of projected completion dates.
Temporary Subject List - this page is being built:
Schedule Risk Assessment &
Management
Every estimate included is a schedule
has a degree of risk (ie, uncertainty that
matters) associated with the estimate. It is
impossible to predict the future with complete
certainty - recognising and managing this risk
leads to far better project outcomes than
attempting to avoid the risk through contracts
or simply ignoring the issue. For more on
managing risk, visit our advanced
risk management page.
Tools to help assess schedule
risk include:
Acumen
Risk™- an integrated
cost/schedule risk analysis tool combining true
cost and schedule risk analysis against a native
project plan together with identified risk events
from a project risk register. It is the first
truly integrated and easy-to-use cost/schedule
risk analysis and risk register software that
helps you effectively account for and proactively
reduce project risk exposure. Acumen Risk’s
Uncertainty Factor is a simple-to-use sliding
scale that project teams can relate to, to developa
truly integratedmeans
of linking schedule risk to cost risk so that you
can determine the impact of schedule delays on
your project cost estimate. https://www.deltek.com/en/products/project-and-portfolio-management/acumen/modules/acumen-risk
Barbecana’sFull
Monteis schedule risk
analysis software that integrates seamlessly with
Microsoft Project 2007 through to 2016. Full
Monte for Oracle Primavera P6 is a standalone
application working directly against the P6
database, so requires no import or export.Full
Monte utilizes the Monte Carlo simulation method,
and is fast and easy-to-use.Some
of the features include:
Probability distributions for task
durations, resource cost rates, and calendars.
SCRAM: TheSchedule
Compliance Risk Assessment Methodology(SCRAM)
is an approach for identifying risks to compliance
with the program schedule, it is the result of a
collaborative effort between Adrian Pitman from
the Australian Department of Defence, Angela
Tuffley of RedBay Consulting in Australia, and
Betsy Clark and Brad Clark of Software Metrics
Inc. in the United States.
SCRAM focuses on schedule feasibility and root
causes for slippage. It makes no judgment about
whether or not a project is technically
feasible. SCRAM can be used:
By organisations to construct a
schedule that maximizes the likelihood of
schedule compliance.
To ensure common risks are
addressed before the project schedule is
baselined at the commencement of a project.
To monitor project status,
performed either ad hoc or to support
appropriate milestone reviews
To evaluate challenged projects,
to assess the likelihood of schedule
compliance, root cause of schedule slippage
and recommend remediation of project issues
