contingency planning

Project Ignorance Is Not Bliss | PMAlliance Project Management Blog

In the early phases of project planning, there are many things the PMO doesn’t know. But as the process gets underway, the team needs to make it their mission to ensure they get the information they need to understand where risks exist, to determine the most efficient and effective scope and timeline, and to make the best decisions as they move forward. If the data being used by the PMO is incomplete or inaccurate, the project could go over budget or even fail to achieve its goals.

Managing Projects with Multiple Critical Paths| PMAlliance Project Management Blog

Complex projects often have more than one critical path, and in order for the project to reach a successful completion, each of these paths must be carefully managed. Even if the primary path is achieved, a lack of progress on any of the follow-on paths could doom the project to failure in the long run.

Teams that execute these challenging projects need to be mindful of what it takes to manage multiple layers of requirements and actions. A strong awareness of all the paths that make up a project is critical if the PMO wants to ensure that nothing falls behind schedule or drops off the radar.

If your center of excellence is facing a can’t-fail project with multiple paths, it’s important to understand the risks that exists and where opportunities for success can be found.

The risks behind multiple critical paths

One risk often encountered when executing projects with more than one critical path is the potential for tasks outside the primary path to be neglected. It’s easy for the project team and executives to be so focused on the primary critical path that other important issues outside of that narrow scope go unnoticed. Without a course correction, this fixation can cause the additional paths to become critical as well. Milestones might be missed or, as schedule adjustments are made to reflect the project’s progress against the target completion date, activities outside the primary critical path may not be properly re-sequenced.

If activities in one path begin to slip, it will eventually trigger problems for the team and could cause considerable grief to the project. The organization may need to spend more time or money to get progress back on track than was originally estimated. Not only could the project’s completion date be in jeopardy as a result, but the PMO may also go over budget trying to set things right.

The other common risk arises when any of the secondary or tertiary paths overtakes the primary critical path in importance. Occurring most often as a result of failing to adequately attend to follow-on paths, one of these lower-priority paths could suddenly become the most important path when the team realizes they’re dangerously behind schedule or not prepared to execute activities as needed. The primary critical path is then at risk of also falling behind.

Tips to successfully manage multiple critical paths

Driving these complex efforts to a successful completion requires a cohesive methodology that delivers the necessary insight, while also providing the tools to act quickly and effectively.

Robust project controls are a vital component when managing multiple critical paths. The right project management methodology will enable the team to identify problem areas early. With insight into the project’s progress and a knowledge of potential challenges lurking on the horizon, the PMO will be able to maintain sufficient awareness of not only the primary critical path, but also all everything that follows behind it.

Communication is another key to sustaining the right level of connection across all of the important paths that are part of the project. Information sharing should be a focus as the PMO works to balance the needs of the critical path alongside those of the secondary and tertiary paths. Data must flow from the project team up to the executives to ensure everyone is aware of progress and issues. It will also need to be channeled from the leadership group down to the center of excellence. This may be in the form of strategic direction that influences project decisions or activity scheduling, or input to help resolve problems so the project can move forward.

What Can Dynamic Scheduling Do for Your Project Team?| PMAlliance Project Management Blog

Project teams are increasingly aware of the value of using a dynamic schedule to sequence and oversee activities. With the ability to effectively address any schedule impacts by reflowing or compressing tasks to maintain alignment with the target completion date, the center of excellence gains tangible benefits that can help keep difficult or complex projects on track.

Solid Planning is the Answer to the Brexit Uncertainty| PMAlliance Project Management Blog

Companies worried about the future should instead turn their focus toward planning. Contingency planning has long been a core skill behind successful project management, and it’s a competency that organizations can turn to as the Brexit process moves forward. After reviewing the firm’s goals and where the changing environment might intersect (or interfere), project managers will be able to lay out several contingent paths that can guide the business through the uncertain years ahead, leaning toward one or another of these potential paths as information about the future becomes more clear.

Is Your PMO Planning for These Contingencies?

The majority of project teams are acutely aware of the importance of planning for contingency expenditures when it comes to developing realistic budgets. There are a host of misses, though, when it comes to applying those same principles to developing activity schedules. In many cases, building in contingency timeframes that allow for unexpected delays are…

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AVOID THESE CONTINGENCY PLANNING MISTAKES

Developing and working with contingency plans is a routine part of project management. Additional funds, alternate material or equipment options, revised workflows, and shifted timeframes may all be part of contingency planning efforts, and a well-crafted plan can enable a project team to be extremely nimble while ensuring the project’s success.