Event Description:
Using a past project example (University Dean’s Office), Project Managers will learn balancing impact of cost increases with schedule compression. This predictive method of CPM Scheduling should not be overlooked while balancing Agile, Scrum and other progressive methodology in managing major endeavors.
A simple representative office renovation project is presented supporting arrival of a newly incoming University Dean. A timeline is provided for the project’s completion – renovation of the Dean’s office, before the new Dean arrives and starts. As in all things, change occurs, beyond the control of the project team, leaving the project manager and scheduler to respond to the change.
Of course approving overtime for all the resources supporting the work is a go to solution, but at what costs? Understanding the critical path, and activity duration reduction, permits optimal balance of schedule recover, while minimizing cost escalation.
This presentation provides information on that balance of cost and time.
PMI PDUs: 1 Ways of Working, 0 Business Acumen, 0 Power Skills
Learning Objectives:
- Schedule Development
- Schedule Fast Tracking
- Schedule Crashing
- Selective Activity Crashing and Optimizing time while controlling costs.
