Authorized Unpriced Work or AUW means that a contractor has been authorized by the customer to start work on new contract scope but the budgetary details of which have not yet been negotiated. Authorized Unpriced Work Details and Examples You can think of Authorized Unpriced Work as a change management tool that is designed to mitigate […]
Prioritizing Schedule Risk Using GAO Guidelines
Many projects have risks that may be included in a Monte Carlo analysis. What is often needed, is a simple Schedule Risk Analysis (SRA) framework for prioritizing these risk events. Monte Carlo simulation software, including Deltek Acumen Risk, provides schedule probability distributions based on activity duration uncertainty and risk events. This probability distributed SRA presents […]
Using Multiple Calendars in Primavera P6
Exercise caution when using multiple calendars in Primavera P6 on a schedule. Not all calendars play well together. In Primavera P6 Professional it is possible to assign calendars at the activity level. An activity can therefore have a unique calendar. And a project schedule can then have more than one calendar definition assigned to activities. […]
Creating a Risk Register in Microsoft Project
Microsoft Project does not have a risk event register feature, but with a little effort you can create a risk register in Microsoft Project. Projects are a risky proposition. And it’s the unique nature of projects that make them particularly risky ventures. Project Managers have one go or opportunity to get everything right on a […]
Quantitative Schedule Risk Analysis
Quantitative Schedule Risk Analysis – A Valuable Risk Tool For A Project Team By Gareth Byatt and John Owen Introduction This article is about Quantitative Schedule Risk Analysis (QSRA) – what it is, why it can be a valuable Risk tool for project teams, and some tips on how to use it to contribute towards […]
15 Categories for Project Risks
It’s useful to have categories for your project risks because it helps with risk identification. Working through this list can give your team a head-start with identifying where project risks might come from. Not all the categories will be relevant to every project (and some might not be relevant to your business at all), but […]
Using Delivery Risk Events in Deltek Acumen
Deltek Acumen is a helpful tool for analyzing schedule uncertainty related to activity duration estimates. It is also possible to additionally include the effect of specific risk events in Deltek Acumen. Risk events may be weather related calendar events or other threats to the schedule. Procurement delays are a particularly prevalent risk event in scheduling. […]
Your PMO Is More Than An Executive Assistant
Project Management Offices exist at all kinds of levels in an organization. You may have one set up to provide PMO support on a particular large project, or a specific team. The PMO may be attached to a corporate division, or support the work of one country in a multi-national business. Or you may have […]
Microsoft Project and Adverse Weather Day Reserve
Harsh weather can be a huge risk on projects. And it is best to mitigate the effects of adverse weather by including a bad weather day reserve in your Microsoft Project schedule. Adverse weather is both impactful and common on projects. The temperature simply dropping below 32°F can halt concrete installations. And rain or snow […]
How Digital Disruption is Affecting Risk Management
How Digital Disruption is Affecting Risk Management How much computing power do you carry with you? Between a smart watch, your phone and the tablet computer you can slide easily into your bag, you probably walk around with more computing power than the first space rockets. Digital disruption is the idea that technology is bringing […]