Description
It is the act of evaluation and analysis of various
scenarios and their effect on the project objectives.
Usually, Schedule Network Analysis is done to see the impact of these possible scenarios on the project schedule.
Example -
As I am writing thing article there is a prevailing Covid-19 situation worldwide that has impacted many businesses in terms of productivity and resource availability. As we know all industries (e.g. construction) can not be operated easily from a virtual workspace and if it is done it doesn't happen without perils.
You can have scenarios like -
1. What is the lock-down is not over till year-end.
2. What if there is a vaccine launched successfully.
3. What if people in my industry are quarantined.
4. What if the Architect quits
5. What if there is 50% less budget available than allocated earlier
The list goes on and as a project manager, you have to be judicious enough to figure out what could impact the schedule.
It
belongs to the tool category - Data analysis
Where
it is Used
Process Groups
Planning
Monitoring & Controlling
|
Knowledge Areas
Project Schedule Mgmt.
|
Activities
Develop Schedule
Control Schedule
Process Group
|
Knowledge Area
|
Activity
|
Planning
|
Project
Schedule Mgmt.
|
Develop Schedule
|
Monitoring & Controlling
|
Control Schedule
|
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