Schedule Risk

Mario Vanhoucke

Chapter Chapter 6 in Integrated Project Management and Control, 2014, pp 77-89 from Springer

Abstract: Abstract Projects in progress are typified by uncertainty and risk. They generate deviations from the initial estimates and bring the expected project objectives in danger. Therefore, Schedule Risk Analyses (SRA) are necessary to measure and understand the impact of these unexpected deviations from the baseline schedule on the total expected project duration and cost. They connect the risk information of project activities to the baseline schedule and provide sensitivity information of individual project activities in order to assess the potential impact of uncertainty and to refine the black-and-white focus of the traditional critical path methodology. Similar to EVM, it should, ideally, lead to better management of projects in progress and improved decision making when projects tend to run into trouble.

Keywords: Schedule Risk Analysis (SRA); Baseline Schedule; Provide Sensitivity Information; Individual Project Activities; Total Project Duration (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-319-04331-9_6

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