A More Realistic Timeline Part I
In this video, Professor Yael Grushka-Cockayne explains schedule risks analysis using the start-up example. As you watch this video, think about some of the risks and variability that you may face in your project schedule.
She then discusses how the best way to gain insight to impact is to look at a tornado diagram/chart, which is a visual representation of the variability in the overall project duration when you change each one of your tasks from its minimum to its maximum duration. If you would like to follow along with with the video as Professor Yael Grushka-Cockayne discusses tornado charts using the startup project, please see the excel workbook attachment under “Downloads” called StartupExampleTornadoChart.
Once you’ve finished watching this video, proceed to the Tutorial for Using Tornado Chart video where Professor Yael Grushka-Cockayne walks you through an example.
Fundamentals of Project Planning and Management
Fundamentals of Project Planning and Management
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