Incorporation of activity sensitivity measures into buffer management can help manage project schedule risk
28 February 2016 – Milan, Italy – A new resource has been added to the PM World Library related to project scheduling. The new resource, originally published in the European Journal of Operational Research, is titled “Innovative Application of Operational Research for Projects.”
Critical Chain Scheduling (CC) and Buffer Management (BM) have proven to be popular and effective approaches regarding both project scheduling and project control under enormous complexity and uncertainty. The buffer management indicates project schedule progress as a whole and informs decision-making about whether to take control or not. This paper indicates two real application problems: (1) it does not provide the activity-level information through the buffer-related performance measures, and (2) it fails to clarify which activities deserve more of management control when drilling down to lower Work Breakdown Structure levels to take corrective actions. This paper suggests that the integration of the activity sensitivity measure is capable of improving the project schedule performance.
To access this new resource, go to https://pmworldlibrary.net/applications-and-industries/, then “P/PM Applications” section, click on “Scheduling and Time Management”. Must be a registered member to access.
Posted by: Anton Setiawan
