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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1119 |
Essay's paper body
As with forecasts, the one thing we know
for sure is that our estimate will be wrong, but hopefully we will plan within a median. Having a
buffer in a project is just like keeping inventories to protect forecast error.
As explained, the problem is that we hide the safety stock within a task and that we consume it
rather than “buffer†it...
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Task duration need to be estimated using a 50/50 approach, without Safety Stock.
2. Tasks needs to be analyzed and understand if they fall within the critical path or not.
The Critical Path is the path that sets the pace of the project (i.e. if A and A’ can start
the same day, A takes 2 days for completion and A’ 5 days, and if task B depends on A
and A’, then A’ is part of the Critical Path as it constraints the speed of the project...
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