Performing schedule risk analysis has never been more rewarding. Monte Carlo simulations have become even more faithful representations of the modeled projects from systemic risks to risk calibration, benchmarking, and reference class forecasting. But one central element continues to be overlooked. As a project gets underway, activities off the critical path (most of the schedule) are often deferred to standby status in favor of other work or to balance out resource utilization. When combined with uncertainty or discrete risks, this further pushes out project completion. In this session, you’ll learn why float-use risk matters and discover the only known solution for modeling it. PMA’s approach to risk analysis is based on over 20 years of experience on more than 350 projects with combined values exceeding $50 billion.
Presented by Tim Mather & Vivek Puri