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Why Use What-If Scenario Planning in Project Management

LiquidPlanner

But as the initiative was supposed to be taking flight, momentum stalled. Let’s first dive into how change is initiated in organizations. Paradigm shifts tend to be initiated most by those who pursue their passion. So we will not use the best-case estimate for the final due date, which assures we will be late half the time.

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Scope Management Quiz: Test Your Knowledge now!

PM Basics

#1: What document sets initial boundaries for the project scope? Bottom-up estimation C. Critical chain method Next Question #5: Decomposition is a technique that helps you to break down a project into smaller, more manageable pieces of work. Project scope statement B. Requirement traceability matrix C. Project charter D.

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Student Syndrome in Project Management: Real Constraint or Just Human Factor?

Epicflow Blog

It’s commonly believed that the term has been introduced in the novel “Critical Chain” by Eliyahu M. But the students estimated the task and asked the professor to give them extra time to accomplish it. And if we have a number of interrelated tasks in a row, it affects the whole chain. What Is Student Syndrome?

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Epicflow Glossary: Names of Features and Terms Used in the System

Epicflow Blog

Read more: Bubble Graph: Critical Chain Fever Chart Re-Imagined. A function of calculating the risk of the discrepancy between the initially estimated time for task accomplishment and the real time spent by the group of people working on the project. Critical Chain . Bubble Graph. Budget View . Task Card.

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Know all about your project in one place with Gantt chart

Proofhub

Determine The Critical Chain Critical chain management is a part of project planning which ensures that the projects are delivered on time even if there is a possibility of delays of some tasks. A critical chain is basically the longest chain of dependent tasks.

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Case Study: Rex Materials Group Uses LiquidPlanner to Optimize Entire Value Chain

LiquidPlanner

Kohl applied Theory of Constraints and Critical Chain management techniques to the problem—the most effective way to re-architect how the company approached the multitude of steps leading up to the manufacturing phase of each project. A New Approach, Process and Work Management Tool.

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How to Beat Parkinson’s Law and Deliver Projects in Half the Time

Epicflow Blog

Usually, time estimates are exaggerated in order to cover Murphy’s Law (If something can go wrong it will go wrong). Hardly anyone will save your money on their own initiative. Task Duration Estimates VS Work Estimates. Believing in estimated task durations is the main source of Parkinson’s Law”.