I’m working on a project with a critical sectional completion date of 31/3/14
On the critical path is release of a key area by another project
This other project is approx 18 month’s work, but it’s start is being delayed by client due to financial approval
Plugging in the delayed start of this other project gives us approx 12 weeks float on our sectional completion. This represents approx 5% of the total time from now to 31/3/14
I don’t have access to the other project programme, and I can’t find any details on why the finanical approval of it is being delayed
So that’s the situation. I want to povide a confidence level that my project will hit it’s completion date, but without the details behind financial approval activities and the other’s project’s programme, I don’t know how to go about running a Monte Carlo analysis or anything.
Any suggestions or rules of thumb I could apply here? I haven’t done much schedule risk analysis before, so I don’t want to have to trust my gut feel.
Thanks in advance,
Gary
On the critical path is release of a key area by another project
This other project is approx 18 month’s work, but it’s start is being delayed by client due to financial approval
Plugging in the delayed start of this other project gives us approx 12 weeks float on our sectional completion. This represents approx 5% of the total time from now to 31/3/14
I don’t have access to the other project programme, and I can’t find any details on why the finanical approval of it is being delayed
So that’s the situation. I want to povide a confidence level that my project will hit it’s completion date, but without the details behind financial approval activities and the other’s project’s programme, I don’t know how to go about running a Monte Carlo analysis or anything.
Any suggestions or rules of thumb I could apply here? I haven’t done much schedule risk analysis before, so I don’t want to have to trust my gut feel.
Thanks in advance,
Gary