All the schedule you need!
Benefit from various advanced simulation engines to analyse schedule risk and forecast accuracy.
The Program Evaluation and Review Technique (PERT) has become synonymous with the Critical Path Method (CPM), and recognises the chance element associated with activity execution. Unfortunately, PERT assumes activities not on the critical path can be ignored, which is risky since near-critical paths have a tendency to become critical. We extend PERT’s optimistic, realistic & pessimistic estimates to a Monte Carlo Simulation analysis, which refines the black-and-white view of the critical path and recognises individual activity criticality & sensitivity to the projects final duration & cost. Similarly, we extend PERT’s 3-point estimates and artificially simulate project progress to determine your project’s most accurate duration and cost Earned Value Management (EVM) forecasting method in advance of project commencement.
To aid project team understanding activity uncertainty is characterised by four distribution profiles, which depending on your needs are set as either an absolute or relative distribution. In preparation for the forecast accuracy simulation study, the tracking interval, the completion stage and accrue type are specified.
Schedule Risk Analysis
Benefit from an advanced 'risk' simulation engine that uses your project's categorised uncertainties to assess their relative sensitivity to the overall project's duration & cost so that you can analyse your schedule exposure to risk.
Schedule Forecast Study
Benefit from an advanced 'forecast' simulation engine that uses your projects categorised uncertainties to determine your project's most accurate and stable Earned Value Management (EVM) forecast duration and cost method.