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Manage project intricacies, changes, and impacts with Nodes & Links

Dive into the intricacies of generating schedule impact reports in response to scope changes or project disruptions. The template on the right illustrates the structured approach adopted in the following steps: Scope Change Analysis: Utilize tools like comparisons and analyses to isolate and document changes in scope. Identify and list the impacted activities and milestones. Key Date Profiling: Demonstrate how key dates have been directly affected by the scope change. Highlight if critical path activities have been impacted. Path Analysis: Illustrate the changes in subcritical paths, contributing to the narrative around project risks. Quantitative Schedule Risk Analysis (QSRA): Conduct a detailed comparison between the initial and modified QSRA results. Assess changes in P positions, risk drivers, and overall risk profile. Risk Driver Impact Assessment: Evaluate the impact of changes in risk drivers on project time and budget. Discuss strategies such as risk mitigation and their financial implications. Resource and Productivity Analysis: Examine how individual activity changes affect resources and productivity. Address disruptions and potential implications on the project timeline. Interface Changes: Investigate alterations in interface dates between systems and suppliers. Assess if new risks have emerged, requiring additional scope considerations. Comprehensive Reporting: Compile findings into a comprehensive report tailored to the project's complexity and requirements. Use critical path analysis as a baseline or expand to a more detailed report based on project needs. Customization for Value Addition: Encourage practitioners to tailor the approach based on project-specific needs. Emphasize that schedulers and risk managers can significantly enhance project outcomes beyond traditional coordination tasks. By focusing on these elements, schedulers and risk managers can elevate their contributions to the project, adding substantial value beyond routine tasks. This comprehensive approach equips professionals to navigate complex project scenarios, manage changes effectively, and articulate the impacts on time, budget, and risk. ----- Have more questions? Head over to: https://nodeslinks.com/contact/ Curious about our education hub for Project Controls? Check it out here: https://nodeslinks.com/resources/ Want to try out Nodes & Links for free? Sign up here: https://nodeslinks.com/ Want to book a tour of our platform? Chat with our team here: https://nodeslinks.com/demo/ Nodes & Links: Your advanced AI solution for precision forecasting and proactive risk management, ensuring streamlined progress and minimizing project delays with optimal efficiency.

Nodes & Links

6 days ago

So, this is a little bit of a bonus course and this is how we inside nodes and links when asked to by our customers deliver schedule impact reports or specifically there's been a change in scope IE something 's been delayed of no fault to our customer or they've got a change request in and it's about analysing the impact of that for whatever reason either it's going to be an extension of time claim it's going to be another kind of claim such as the disruption claim or it's going to be evidence i
n case they end up in court with liquidated damages and the document you can see on the right is our template of how we do this and then the platform is on the left and i'll just talk you through how we do this very very quickly then obviously you can align it with your own processes so the first is we talk about scope change now personally we go to compare and then analyze what has changed and we're able to isolate that and essentially print it off so we can say in if we've got a change proposa
l that changes scope through we can say that these are the activities and milestone that have changed we then profile them against key dates so we show how the key dates have changed directly because for example if one of those activities lies on the critical path of key dates we can evidence that which then comes to paths we can also show the subcritical path to start to build the narrative around the risk side of the story then we will if the if the project has has calculated the time risk all
owance or any kind of budget using a quantitative schedule risk analysis we'll do an exhaustive comparison between the two of which you can see how to do now how to run a qsra course doing that will show how the P positions have changed and also how the risk drivers have changed here we're talking about what individual activities are risks and different measures are contributing to that P position now those risk drivers are actually a very very key large point for us and a point of value so for
example if we've got an activity where it from just simple example it was contributing ten percent to the overall P eighty position which was a contracted position and now because of a change it's contributing five percent let's say that that PH position was twenty days ahead of the deterministic date and each day was worth a million so ten percent of those twenty days is two days which is two million in this sense if we've implemented a risk mitigation strategy which has cost a million then we
were supposed to make a million in underlying profit on that risk driver impact strategy now if the uncertain distribution has been lowered from ten percent to five percent we're breaking even and that is a point of discussion and commercial compensation potentially then what we do is to look at individual activity changes and in the resource changes associated with that activity and this is really about disruption it's about productivity here and then finally we look at interface changes which
are give get dates between different systems and different suppliers to understand if it's introduced any risk and therefore additional scope needs to be added of course you can do a lot less than this this is a full comprehensive report the simplest report i've ever seen is just simple a simple critical path analysis to see if the critical path has changed and if it hasn't people say no impact this is the other end of the spectrum i would highly advise that you take these points and you design
whatever system you see fit for the project that you're on the offers the maximum value and this is a point where schedulers and risk managers could add a significant value to a project above and beyond just the coordination claims delays extension of time they often have significant sums of money going with them so if you want to get into the realms of being able to drive the property of the project this is one of the areas that i would recommend that you focus on

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