Live Webinar – August 2nd, 2020 12:00 pm – 1:30 pm EDT
Activity Type: Education – Course or Training 1 Hour 1 PDU
Provider: MPUG WebnLearn ( REP 1369 )
Mpug Member Free – Guests Free (Open To The Public)
MPUG Vendor Showcase
Schedule Risk Analysis – What is it and why is it worth doing?
From ChatGPT: Schedule risk analysis using Monte Carlo simulation enhances project planning, risk management, and decision-making by providing a more accurate understanding of schedule uncertainties and their potential impact on project outcomes.
What ChatGPT doesn’t say is that Schedule Risk Analysis (SRA) is one of the easiest and low-cost ways to reduce effort and improve profitability.
Capturing information about uncertainty and risk doesn’t have to be time-consuming and can be quickly incorporated into schedules to make more reliable forecasts, which improves opportunities for future work (more profit) and more reliable deliveries (more repeat business).
In this session John will cover the basics of capturing uncertainty and risks, applying the information to a schedule, and presenting the results.
Learning Objectives:
- Understand the basis of uncertainty and risk.
- Apply uncertainty and risks to a schedule.
- Interpret probability distribution histograms and S-curves.
- Use Sensitivity Analysis (Tornado) charts to find opportunities for improving outcomes.
Presenter: John Owen (LinkedIn profile) COO of Barbecana Inc, John has over 30 years of experience with using, supporting, and developing project management software tools across multiple industries. Before joining Barbecana John was Product Director for Scheduling and Risk tools at Deltek. Barbecana specializes in producing software for schedule risk analysis with the aim of helping customers improve confidence in their schedules.
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Click to register for:
Schedule Risk Analysis: What Is It & Why Is It Worth Doing?
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Technical Project Management | Leadership | Strategic & Business Management |
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