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.
Whether the aim of your project is to replace your existing processes, integrate innovative technology into your operations, or seamlessly deploy something brand new – you need to hit the ground running. This is because even small disruptions can have major consequences on the lifecycle of a project, resulting in greater risk – especially within complex projects that overlap, have multiple schedules, or are high-stake for your business.
Controls such as forecasting, scheduling, and risk analysis are integral aspects of successful project planning.
In almost every industry, projects are becoming more complex by the day.
As new technologies emerge and geopolitical shifts impact the trajectory of project planning, organizations are increasingly challenged by new risk types and problems that require greater visibility and consolidation of risk management strategies.
Safran is proud to announce that it's expanding its reach to the Danish market.
The world of capital project management is filled with complexity. From an overabundance of abbreviations to a fistful of formulaic equations, it’s easy to find yourself lost in translation. But by taking a complex topic and analyzing its constituent parts, understanding can be improved. Here we examine Earned Value Management (EVM).
Safran is proud to announce that it's expanding its reach to the Swedish market with the opening of a brand new office in Stockholm.
Aerospace is an industry long-famed for its proclivity for innovation. From popularized achievements like the SpaceX reusable rocket to invaluable modernizations such as solar-powered aircraft, the hype over the industry's increasing rate of change has grown almost clichéd. However, seldom discussed are the challenges to project management born out of this disruption to the status quo. Here we provide a handful of the most important.
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.
All projects, no matter how meticulously planned, are exposed to the effects of risk. While you may not be able to predict the future with total certainty, there is a framework you can build to mollify any nasty surprises you might face during a project.