Pacific Northwest National Laboratory (PNNL) tackles some of America’s greatest science and technology challenges, including strengthening the country’s energy resiliency and protecting national security. By utilizing their expertise in chemistry, earth sciences, and data analytics, PNNL’s researchers have taken great steps in innovating and pioneering a safer, cleaner, world.
Very few projects are ever completed in line with original plans and budgets. Unforeseen changes are inevitable in project management. But putting proper change control processes in place can drastically minimize their impact.
Effective risk analysis and management is fundamental to project success. Irrespective of the size or scale of your project, delivering it on time and within budget (not to mention preserving stakeholder confidence) is nigh on impossible if you haven’t taken the time to identify, analyze, categorize, prioritize, and gauge the impact of external risks before work commences.
Cost and schedule risk analysis is fundamental to project success. Whether you’re undertaking a large-scale capital project that takes months to complete or something less resource intensive, understanding the risks that threaten to derail it is crucial.
The Sydney opera house is an incredible feat of architecture. Well ahead of its time when completed and now recognized throughout the world, it’s a building that changed the image of an entire country. Unfortunately, at approximately ten years late (and AUS $95 million over budget), it’s also famous, in scheduling terms, for being something of a disaster.
Managing a large aerospace project is no mean feat. With so many aspects to juggle and keep control of, investing in a specialist software solution will undeniably make your life easier and help ensure that your project is delivered on time and on budget – no matter what comes your way.
Practised by thousands of individuals across the world, project scheduling is perhaps the most common discipline of project planning and control. Every project in every industry is managed according to a schedule, regardless of size or scale, and the use of scheduling software has become a staple ingredient of project planning. With such significance placed upon scheduling activities, you'd be forgiven for thinking that projects are well-planned and successfully-executed, but research tells us that projects often, even usually, overrun their schedules by some margin.
Cost and schedule risk analysis assesses the likely effect of uncertainty, as well as individual risks on overall project costs and time-to-completion. Essential to accurate project control and forecasting, it can also reveal how much contingency is needed to stay within budget and meet deadlines.
Over 65% of mega projects fail, and scheduling errors are a key factor. We recognise that, ultimately, mega construction projects are an incredibly complex and difficult activity, with no quick or simple fixes. However, we are in a position to identify common mega project scheduling mistakes and potential remedies. For this blog post, we’ve considered three things: