An all time increase in cost and time pressure from the owner's side has made it quite likely for risk-adjusted schedules to expand much more than their current usage, and this has become much more common in the area of infrastructure and building construction.
The risk-adjusted CPM schedules firstly use the computer modeling so as to analyze the likely activity duration fluctuations that happen due to various risks and uncertainties. Next, they analyze what effect the variation on schedules has, when different chains of activities are provided with different durations as well as the amount of float changes. As a result, you find a schedule which contains a series of potential critical paths that have varying degrees of livelihood, rather than having a sub-critical paths and single critical path. However, Forensic Schedule analysis is predicated so as to identify the 'single' contemporaneous critical path, which is often known as zero float path.
Now the question is what is to happen if CPM schedule series is risk-adjusted so that the float remains variable and more activities paths get critical importance? This session by expert speaker John Livengood will talk about a theoretical model which will help perform a delay analysis on projects where all updates and the initial baselines were to be adjusted for risk.
This session will also talk about:
Who Should Attend
John Livengood is a Managing Director with Navigant's Global Construction Practice and has 40 years of experience in construction, design, delay analysis and litigation support. John's areas of expertize include: construction, construction management, government contracts, litigation support, mediation, arbitrati... More info
Patrick M. Kelly
Patrick Kelly is an Associate Director in the Global Construction Practice. He provides services in construction management, contracting, project controls, scheduling, Earned Value analysis, Forensic Schedule Analysis for delay and disruption, and Claims & Disputes Resolution. He has extensive experience in transp... More info