Hello, and happy new year, everybody! It’s time for new beginnings and, of course, wishes! I made a list for 2019, with what I wish for you this year, regarding project risk management:
I hope you had an amazing year in 2018 and I look forward to having an even richer experience in 2019! I’ve learned a lot, and that is one of the great things of being alive and sharing this sense of community with all of you. Thank you all so much! Have a wonderful 2019!
Recently I posted a poll right here in projectmanagement.com (here) concerning how you prepare a schedule to undertake a schedule risks analysis.
My idea was to understand how you out there see the question of getting a schedule ready for the simulation exercise. I gave you five possible answers:
My answer was number four, “I reduce tasks AND check the links. 17% of the respondents (139 in total) were with me on this. Now let me explain why.
In my case, I usually start with the schedule we use to monitor the progress. It tends to be quite detailed, and have a lot of information that we use to control progress, like issuing reports, preparing for meetings, doing governance, etc. All this tasks go away. Some procurement packages, for instance, have fourty steps and others have ten. I try to harmonize this, so the tasks have some similarity. This reduces a lot of work.
And of course I check the links between tasks, which is a simulation killer, one of the favorite GIGO drivers and a strong sponsor to terrible decision making. With this done, I move on to doing stress analysis and other tests to see which tasks are worthy to model with a distribution. Going further forward, I start consulting experts and doing data crunching to know how exactly I am going to model that. At last, but not surely least, I add events and their mitigation. You can check my series of articles on Qualitative and Quantitative Risk Analyses Integration, starting with this one.
Moving back to our poll, I always thought my answer would win by a landslide, but I understand all the other answers and I will develop a rationale for them, if you allow me:
Anyway, thank you for responding to my poll, thank you for reading, and please post comments whether you agree or not with what I said. See you all next time!