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Compressing the Project/Contract Schedule

Duration: 1 Day 8:00 a.m. - 5:00 p.m.

Continuing Education Hours: 8

Workshop Description:

Students will learn the "best practices" methods for dealing with the often-cited problem in contract and project management - the schedule. This course first reviews the popular ways of producing a schedule during planning for a contract or project (including the case where there is significant uncertainty), and then covers a methodology for assessing the likelihood of success of the schedule. Techniques are then covered which address ways to compress the schedule realistically to both identify any additional resources and the timing of those needed resources. The course then shifts to execution and examines the common causes of schedule difficulties during that critical phase. Students then cover approaches for assessing alternatives when faced with a schedule slip. Techniques for compressing the schedule (making up time and shortening the duration) are covered in depth including fast tracking and resource optimization (crashing). Common causes of schedule difficulties and popular remedies are covered through a combination of lecture/discussion and in-class exercises.

Who Should Attend:
  • Anyone who creates or manages contracts, or is involved in planning, executing, or managing projects.
  • Anyone who produces or manages a schedule.
  • Anyone who evaluates and assesses the feasibility of a schedule.
Course/Workshop topics:
  • Why schedule management and compression is needed
  • Causes of schedule problems
  • How do you create a schedule correctly?
  • How do you assess a planned schedule?
  • Schedule compression techniques to accelerate a schedule
  • How do you assess a schedule's progress quantitatively during execution?
  • The art of schedule assessment (limitations of schedule compression)
  • Schedule compression pointers
Benefits of Attendance participants will:
  • Describe the main reasons why project schedule slip occurs.
  • Review scheduling techniques uses in planning (including situations with uncertainty in estimating).
  • Examine popular ways of assessing the viability of a planned schedule.
  • Understand the typical reasons why schedule slip occurs during project execution.
  • Examine ways of assessing alternatives associated with effectively compressing the schedule.
  • Determine resources needed to accelerate the schedule to meet deadlines.