Info

Top Down

Top Down

Development

Validation, Revisions, Status

Bottom Up

Figure 6.1 The integrated tier concept.

Validation, Revisions, Status

Development

Figure 6.1 The integrated tier concept.

Bottom Up

Performance analysis from status. Performance analysis from status reviews earned value BCWP and SPI and CPI, critical path method, "what if' scenarios, schedule risk assessment, lead time/duration analysis, and capacity planning.

Schedule reporting. Schedule reporting provides the customer with schedule information that is required to manage the project. It establishes a reporting frequency that meets the customer requirements. Timeliness and accuracy are the keys to a quality schedule report. Reports are generated in various forms depending on the contract.

Develop contingency/recovery plans based on risk matrix. Contingency plans are based on risk assessment and completion of the risk matrix, which includes the development of a contingency plan for each task, judged to be medium or high risk. Contingencies are alternate plans that provide a means for recovery of a project, impacted by a risk event. The following is an example of a risk matrix.

Risk Matrix Sample

Task

Risk

Probability

Impact

Severity

Contingency plan

Filing

Application

25%

Delay

Showstopper

Resubmit

Was this article helpful?

0 0
Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook


Post a comment