Remove Critical Chain Remove Estimate Remove Manufacturing Remove Risk
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The Big Event and it’s Ripple Effects

LiquidPlanner

As we have now witnessed the significant downside when such events are not sufficiently considered, I will offer a path to plan for and mitigate the impact of downside risks that we all face. In a previous blog post , I discussed the dangerous impact of discarding variation in task estimates and dependencies between other tasks or projects.

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

LiquidPlanner

His charter at Rex was simple: Increase productivity by optimizing how the business tackles every step leading up to the manufacturing phase. A New Approach, Process and Work Management Tool. – Kevin Kohls, Director of Continuous Improvement, Rex Materials. . – Kevin Kohls, Director of Continuous Improvement, Rex Materials.

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Why Use What-If Scenario Planning in Project Management

LiquidPlanner

My many years in manufacturing has taught me that the inertia that causes an organization to stay in one location is the lack of a crisis or passion. Consider your personal life – you’re more willing to take risks fueled by passion such as getting married, going to school, or starting a business.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Actual dates are different from planned or estimated dates.

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time. Carrying an Umbrella (Risk Buffer).

2016 52
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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time. Carrying an Umbrella (Risk Buffer).

2016 52