Milestones and Risk Distribution

Submitted by MATHEW JOSEPH on
Schedule Risk and Schedule Risk Analysis

Member for

21 years 3 months
Member for 21 years 4 months
Submitted by MATHEW JOSEPH on Wed, 2010-07-07 03:43
Permalink

Yes.



The three important milestones are:



Substantial Engg. Complete ---- Mechanical Completion (Last portion) ---- Facility Turnover.





So the above milestones should be considered sequential milestones.


Member for

19 years 10 months
Member for 19 years 10 months
Submitted by Mike Testro on Tue, 2010-07-06 04:54
Permalink

Hi Mathew



Welcome to Planning Planet.



These section milestones - are they linked to anything else in the schedule?



Best regards



Mike Testro

Member for

21 years 3 months
Member for 21 years 4 months
Submitted by MATHEW JOSEPH on Tue, 2010-07-06 01:55
Permalink

Thanks Gary.



I am using Pertmaster. The EPC schedule was imported from P6. There is a Key Milestones schedule section with milestones representing commencement / completion of phases

Member for

16 years 7 months
Member for 16 years 7 months
Submitted by Gary Whitehead on Mon, 2010-07-05 11:28
Permalink

Mathew,



Which software are you using? The below answers are assuming Pertmaster:



1. Not a lot, other than they are impacted by risk & uncertainties applied to activities upstream of the milestone



2. Since milestones are zero duration, uniform uncertainty distributions will not be applied



3. Yes. They will be impacted by risks and uncertainties upstream, so you will still be able to report probability distribution of milestones.



Cheers,



G