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schedule risk analysis

Schedule Risk Analysis: Measuring the time sensitivity of an activity

Schedule Risk Analysis (SRA) is a simple yet effective technique to connect the risk information of project activities to the baseline schedule, in order to provide sensitivity information of individual project activities to assess the potential impact of uncertainty on the final project duration. A traditional schedule risk analysis requires four steps, as described in “Schedule Risk Analysis: How to measure your baseline schedule’s sensitivity?”, to report activity sensitivity measures that evaluate each activity’s time estimate on a scale of risk. 

Schedule Risk Analysis: How to measure your baseline schedule’s sensitivity?

 

Schedule Risk Analysis (SRA) is a simple yet effective technique to connect the risk information of project activities to the baseline schedule, in order to provide sensitivity information of individual project activities to assess the potential impact of uncertainty on the final project duration and cost.
 
Since estimates about activity time and cost are predictions for the future and human beings often tend to be overly optimistic or, on the contrary, often add some reserve safety to protect themselves against unexpected events, knowledge about the potential impact of these estimation errors on the project objective is a key add-on to the construction of a project’s baseline schedule.

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