does better scheduling drive execution success?
DESCRIPTION
Delivered at PMI SCoP's 9th Annual Scheduling Conference, this presentation discusses the results from a recently conducted research project showing the correlation between the quality of a plan and overall project success, as well as a means of assessing schedule quality and forecasting accuracy using metric analysis.TRANSCRIPT
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// Does Better Scheduling Drive Execution Success? Dr. Dan Patterson PMP// CEO Acumen
May 9 2012
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// Acumen
◦ Project Management Software
◦ Oracle Primavera partner
◦ Insight into challenges & use of analytics to overcome them
◦ Core Concepts: 1. Project success requires a sound plan
2. Forecast accuracy requires risk consideration
Proven Project Analytics
Product Offerings
Risk Workshops
Acumen Fuse®
Software Training
Realistic Scheduling
Critiqued
The Base
Risk-Adjusted
Optimized
Team-Aligned // S5
// S4
// S3
// S2
// S1
May 10, 2012 2
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// Presentation Overview A Case Study
S1//S5 Schedule Maturity Model
Developing sound schedules
Case Study/software demo
Questions & Answers
Schedule Index™
Baseline Compliance™
Acumen Fuse analysis
May 10, 2012 3
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// Schedule Maturity Framework Acumen S1//S5
S1 • Schedule Basis • Owner/contractor schedule
S2 • Cri/qued Schedule • Ensure structural integrity
S3 • Risk-‐Adjusted Schedule • Account for risk/uncertainty
S4 • Op/mized Target Scenarios • Schedule accelera>on
S5 • Team Validated Scenario • Buy-‐in on op>miza>on 0
1
2
3
4
5
6
0 1 2 3 4 5 6
Chan
ce of S
ucess
Maturity Level
Measure quality through the Fuse Schedule Index™
May 10, 2012 4
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// Schedule Quality Measurement
◦ Legacy ◦ duration, constraints, excessive lags,
negative float ◦ Industry Standards
◦ DCMA 14 Point Assessment ◦ NDIA GASP/ GAO
◦ Acumen Metrics ◦ Logic Density™ ◦ Insufficient Detail™
May 10, 2012 5
Metric Analysis
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// Acumen Schedule Metrics
Logic Density™ • Measure of complexity/completeness
Logic Hotspot™ • Timely start?
Float Ra>o™ • Degree of flexibility per day of work
Redundancy Index™ • Non-‐needed logic
Advanced Project Insight
Finish Compliance™ • Accurate measure of performance
Insufficient Detail™ • Ac>vity V project dura>on
Milestone Ra>o™ • Detail V repor>ng
Broad Risk Range • Check for erroneous risk input
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// Logic Density™
◦ Determine Logic Hotspots™ in schedule
◦ Indication of sufficient logic
◦ Excellent means of trending detail level
Planning Consistency
May 10, 2012
More defini>on needed
7
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// Advanced Logic Analysis
◦ Use of FS, FF, SS, FS links
◦ Lags & Leads
◦ Lags hide schedule detail
◦ Leads cause reverse dates
◦ Circular logic between projects
◦ Out-of-Sequence updates
◦ Open ends/missing logic
◦ Open start/finish (hidden open ends)
◦ Logic Density
◦ Logic Hotspot
◦ Redundancy Index
Sound Basis of Schedule
A
B
C
redundant
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// Measuring Schedule Quality Fuse Schedule Index™
May 10, 2012 9
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// Baseline Compliance Index™
Examines how many ac>vi>es fell within the expected
repor>ng period
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// Baseline Compliance™
◦ More than date comparison ◦ Measures period-compliance ◦ Included in Fuse® library
Performance Analysis
May 10, 2012 11
0%
50%
100%
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// Acumen Fuse Platform
◦ Fuse: analytics platform
◦ Improves schedule quality
◦ Insight into performance
◦ Fuse 360: goal-based acceleration
◦ Schedule Acceleration
◦ Decision-support
Enterprise Project Analysis
May 10, 2012
Metric Analyzer
Logic Analyzer
Forensic Analyzer
Schedule Cleanser
Schedule Accelerator
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// Metric Analysis Slice & Dice
May 10, 2012
Benefit:
" Pinpoint shortcomings
" Project characteristics
" Slice and dice
Schedule
• Logic • Float • Dura>on
Cost
• Overrun • Capacity • Burn rates
Performance
• Status • Completed • Delayed
Characteris>cs
• Level of detail • Constrained • Riding Data Date
Earned Value
• CPI/SPI • Trending • Earned schedule
Risk
• Exposure • Hot spots • Hidden paths
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// Metrics to fit: Criteria, Thresholds Fuse Metric Editor
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// Fuse Schedule Cleanser™ Actionable Insight
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// Project Forensics Insight into Schedule Cleanse
May 10, 2012
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// Claims Analysis
◦ Advanced forensics
◦ Fuse gives meaning to the
impact of changes
◦ Pinpoints changes to critical/
driving path
◦ Every single project attribute
can be checked
◦ Calendar definition changes
Insight into project variances
May 10, 2012
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// Acumen Fuse® Software Demonstration Case Study
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// Case Study
• Houston-based oil/gas owner
• Objective:
• More on-time completion for projects over $250MM
• Encourage more mature contractor schedules
• Overcome “brain drain” in scheduling
• How achieved:
• Mandated contractor Fuse Schedule Index of 75+
• Gave contractor opportunity to self-assess
Owner/contractor Alignment
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// Quality Planning Truly Drives Success
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Pro
babilit
y of
On-T
ime C
om
ple
tion
Fuse Schedule Index™
May 10, 2012 20
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// Q&A
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More information: White papers: www.projectacumen.com Software Trial: www.projectacumen.com/trial Twitter: @projectacumen Email: [email protected]