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{"id":1018,"date":"2011-09-24T14:24:47","date_gmt":"2011-09-24T19:24:47","guid":{"rendered":"http:\/\/projectprofessionals.org\/?p=1018"},"modified":"2011-09-24T14:24:47","modified_gmt":"2011-09-24T19:24:47","slug":"managing-risk-of-delay-%e2%80%93-progress-assessment-part-11","status":"publish","type":"post","link":"http:\/\/projectprofessionals.org\/2011\/09\/24\/managing-risk-of-delay-%e2%80%93-progress-assessment-part-11\/","title":{"rendered":"MANAGING RISK OF DELAY \u2013 Progress Assessment (Part 11)"},"content":{"rendered":"

This post is the eleventh in a series<\/a> of discussions regarding various aspects of time management<\/strong> as it relates to the risk of delay.\u00a0 This post addresses planning for and implementing progress assessment.<\/p>\n

Planning for and implementing progress assessment is, perhaps, one of the most important aspects of Time Management<\/strong> and, consequently, Managing Risk of Delay<\/strong>.\u00a0 Timely (early) detection of trends (positive and negative) allows timely managerial action.\u00a0 Timeliness of action is a heavy influence over the effectiveness of Time Management<\/strong>.\u00a0 In project work, it is imperative that one finds problems quickly and fixes these problems rapidly.\u00a0 In order to implement timely action, professional progress assessment is required.<\/p>\n

The challenge associated with managing time is intensified in the case of larger and more complex projects as well as fast-track and high technology projects.<\/p>\n

In order to professionally manage time (and, therefore, risk of delay) the manager must have a time baseline [typically a Critical Path Method schedule and a Performance Measurement Baseline \u2013 please see earlier posts on these topics] and a method to recognize variations from the baseline.\u00a0 In order to detect variances, the managerial team must have an effective process to measure progress data and update the schedule (or time model).<\/p>\n

As a project\/construction\/contracts\/business manager and similar, it is imperative that you define your project execution approach as it relates to progress measurement, schedule updates and progress assessments.\u00a0 The \u201cwater-shed\u201d or uses of the information are enormous.<\/p>\n

In this discussion, I will use three key references:<\/p>\n