071513 How to Prepare for Schedule Quantitative Risk Analysis

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Simple Guide to SQRA

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071513 How to Prepare for Schedule Quantitative Risk Analysis

  1. 1. How to Prepare for Schedule Quantitative Risk Analysis (SQRA) Author : Rufran C. Frago, P. Eng., PMP®, CCP, PMI-RMP® Revision 1: 15Jul13
  2. 2. 071513-How to Prepare for SQRA by RCF Page 2 of 38 7/7/2015 Revision 1: 15Jul2013 Copyright How to Prepare For Schedule Quantitative Risk Analysis (SQRA) Table of Contents I. Summary...................................................................................................................... 4 II. Objectives ................................................................................................................ 7 III. Definitions and Acronyms....................................................................................... 7 IV. Related Tools and Applications............................................................................... 7 V. General Preparation Guidelines to SQRA ............................................................... 7 VI. What planning inputs are required for a successful SQRA?.................................. 12 VII. Who are required to participate in a SQRA? ......................................................... 14 VIII. Ready for SQRA Criteria or Minimum Schedule Quality (MSQ)..................... 15 1) Hard or Mandatory Constraints ............................................................................. 15 2) Soft Constraints...................................................................................................... 16 3) As Late As Possible ............................................................................................... 16 4) Missing Predecessors............................................................................................. 18 5) Missing Successors ................................................................................................ 18 6) Open Start (Danglers) ............................................................................................ 19 7) Open Finish (Danglers).......................................................................................... 20 8) Negative Float........................................................................................................ 21 9) Out of Sequence Activities .................................................................................... 22 10) Excessive Float................................................................................................... 23 11) Milestone to Activity Ratio................................................................................ 24 12) Links to Activity Ratio....................................................................................... 25 13) Activities with External Link............................................................................. 27 14) FS Negative lags (or Leads)............................................................................... 28 15) SS Negative lags (or Leads)............................................................................... 30 16) FF Negative lags (or Leads)............................................................................... 32 17) SF Relationships................................................................................................. 34 IX. Potential Consequences of Poor Schedule Quality................................................ 35 X. Bibliography .......................................................................................................... 37 XI. Index ...................................................................................................................... 38
  3. 3. 071513-How to Prepare for SQRA by RCF Page 3 of 38 7/7/2015 Revision 1: 15Jul2013 Copyright How to Prepare For Schedule Quantitative Risk Analysis (SQRA)
  4. 4. 071513-How to Prepare for SQRA by RCF Page 4 of 38 7/7/2015 Revision 1: 15Jul2013 Copyright How to Prepare For Schedule Quantitative Risk Analysis (SQRA) Sorry, the article you are looking was removed. You will find a more detailed discussion about the subject and many other related topics in the paperback edition of the book "Risk-based Management in the World of Threats and Opportunities: A Project Controls Perspective." It is also available in Amazon’s Kindle edition. Please follow the hyperlink below or copy and paste the URL on your browser to check. You can now grab a copy. Check it out! • http://www.amazon.com/RUFRAN-C.-FRAGO-PMI- RMP/e/B01055MPYI • http://www.amazon.com/dp/B0104OFUDI/ref=rdr_ki ndle_ext_tmb • https://www.linkedin.com/pulse/risk-based- management-world-threats-opportunities- rufran?trk=prof-post Cheers, Rufran C. Frago Author Sorry, the article you were looking for was removed.

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