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Schedule Risk and Schedule Risk Analysis

Baseline Schedule

I was wondering what is used in the planning industry (And other parts of the world) for the baseline schedule.

1) Optimistic
2) Pessimistic
3) Most Probable

My experience to date I have found that.

Most Construction Planners Plan Optimistic.

Most EPC Planners Plan Pessimistic.

1) I was wondering why such a variance maybe somebody out their know ???

2)Is it correct to make such a statement.

Risk Software

Does anyone know of a governing body that has done a recent analysis on Risk Software? My planning tool is P3e and its recommended Primavera risk tools are Pertmaster and Risk Decisions Predict. Has anyone compared both products?

Closed and Open Shop Union Productivity

Have there been any authorative studies done into the comparative productivity rates achieved between closed and open shop union labour operating in either Canada or the US? If so, I would appreciate some pointers.

Thanks.

John

Risk

Do you have an idea how to transfrer continous probabilities to discrete ones,for example,if i have a continous triangualry dist. (low,most,high) how to transfer it to probabilities to build a desicon tree.
AA

Risk analysis

Dear Planners ,

Can anybody throw some light on easier methods of risk analysis thru excel ?

Has anybody worked on actual live projects and done schedule risk analysis ?

Regards

Risk level on WBS level

Dear all,
Any level of wbs projecst has a risk factors.
Which are factors?
How many this factors?
etc
your comments

Risk analysis

Dear all,
What relations between risk analysis model and project life cycle?

regards

Software for risk assessment

As subject, I experience Monte Carlo for qualitative and RisGen for quantitative analysis.

What is an acceptable schedule risk?

A primary purpose of running a schedule risk simulation is to enable the project management team (PMT) to make more informed decisions based on the project schedule forecast end date (and cost if applicable) probability distribution (as well as forecast dates for other activities & milestones in the schedule, as required).

The question I want to raise for discussion is: Assuming the simulation is based on a realistic model, what probability level should the PMT use for realistic planning and decision making?

Schedule Risk Forum Proposal

Hi Guys,

As suggested, we have created a brand new forum category for you to express your thoughts and fears of "Schedule Risk Analysis" and it’s associated issues.

Regards.

Market Place

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