Nearly 50% of projects worldwide during the previous eight years have experienced delays in their schedule. By examining several sources, with a focus on oil and gas projects but applicable to most projects, the paper consolidates the identified causes, categorizes them, and ranks them in the form of a top 12 list of the most common delay causes in projects.
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The application of a baseline to projects is an essential tool in measuring project schedule performance during post-project review. Setting multiple baselines can be very useful in providing an historical record of how the schedule progressed.
Sharing only single-outcome estimates of the future fails to convey project risk, uncertainty and the project team’s nascent project knowledge. A far better approach is to use visual signals to help project sponsors sense the uncertainties that they and their project teams face.
The benefits of project management for traditional energy projects, such as building a power plant, are well known. But there are also benefits for energy sector reform, particularly government initiatives. Project management techniques can help by clarifying objectives, engaging stakeholders, improving the speed of legislation, and managing scope and schedule.
To brush up on your project technical skills, it's time to explore a few timeless skills: time and resource estimation; 2. risk management; and 3. scheduling. These skills will help you improve your performance, or challenge the adequacy of the plans developed by your team.
Organizational leadership often favors the development of soft skills, resulting in the gradual erosion of PM technical skills that form the foundation of any solid project management capability.
Sharing probabilistic estimates with stakeholders is one of the best ways a project manager can align expectations and foster sound decision making by sponsors and other executives...even on an agile team.
Project management techniques help to establish order and clear lines of responsibility and can be invaluable tools for successful implementation of due diligence efforts. The application of a WBS and a project schedule remove the potential bias of a “done deal” mentality and focus the effort to develop an informed opinion.
With projects increasingly being initiated with incomplete scopes—and with change becoming ever more frequent—what role does estimation play today?
How long should we spend on planning as a proportion of the project lifecycle? That's a very good question, and one this practitioner often gets asked. So, is there an answer?