Discover solutions to common obstacles faced by project managers. Written as a business novel
the book is highly interactive allowing readers to participate and consider options at each
stage of a project. The book is based on years of experience both through the author's
research projects as well as his teaching lectures at business schools. The book tells the
story of Emily Reed and her colleagues who are in charge of the management of a new tennis
stadium project. The CEO of the company Jacob Mitchell is planning to install a new
data-driven project management methodology as a decision support tool for all upcoming
projects. He challenges Emily and her team to start a journey in exploring project data to
fight against unexpected project obstacles. Data-driven project management is known in the
academic literature as dynamic scheduling or integrated project management and control. It is a
project management methodology to plan monitor and control projects in progress in order to
deliver them on time and within budget to the client. Its main focus is on the integration of
three crucial aspects as follows: Baseline Scheduling: Plan the project activities to create a
project timetable with time and budget restrictions. Determine start and finish times of each
project activity within the activity network and resource constraints. Know the expected timing
of the work to be done as well as an expected impact on the project's time and budget
objectives. Schedule Risk Analysis: Analyze the risk of the baseline schedule and its impact on
the project's time and budget. Use Monte Carlo simulations to assess the risk of the baseline
schedule and to forecast the impact of time and budget deviations on the project objectives.
Project Control: Measure and analyze the project's performance data and take actions to bring
the project ontrack. Monitor deviations from the expected project progress and control
performance in order to facilitate the decision-making process in case corrective actions are
needed to bring projects back on track. Both traditional Earned Value Management (EVM) and the
novel Earned Schedule (ES) methods are used. What You'll Learn Implement a data-driven project
management methodology (also known as dynamic scheduling) which allows project managers to plan
monitor and control projects while delivering them on time and within budget Study different
project management tools and techniques such as PERT CPM schedule risk analysis (SRA)
resource buffering and earned value management (EVM) Understand the three aspects of dynamic
scheduling: baseline scheduling schedule risk analysis and project control Who This Book Is
ForProject managers looking to learn data-driven project management (or dynamic scheduling) via
a novel demonstrating real-time simulations of how project managers can solve common project
obstacles
