Project Risk Assessment and Decision Support Tools

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Behind Schedule & Under Cost Page 3

  1. Implies:

    • Scheduled work has not been done
    • Labor disputes/work stoppage
    • Insufficient staffing/manpower shortage/other resources
    • Associated labor costs have not been incurred
    • An ineffective & efficient process
    • Low quality (productive) work with below average costs
    • Work being done at less than 100% efficiency
    • Supporting organizations behind schedule
    • Late vendor delivery
    • Delayed customer feedback/direction
    • Rework required
    • Work more complex than anticipated
    • Unclear requirements
    • Scope creep could tend to obscure the bad news, giving a false sense of security
  2. Note:

    Anticipate a cost overrun. Schedule does not reflect reality.  This is one of the worst possible cases.

 

Note: Please associate this slide with the Earned Value Chart