New publication:

An overview of Schedule Risk Analysis in Project Management

In the most recent edition of the Journal of Modern Project Management, an overview is given on the recent research endeavors and future expected trends on Schedule Risk Analysis in Project Management.

Abstract: The purpose of this paper is to give an overview on the existing literature and recent developments on the research on Schedule Risk Analysis (SRA) in Project Management (PM) to measure the sensitivity of activities and resources in the project network. SRA is a tech- nique that relies on Monte-Carlo simulation runs to analyze the impact of changes in activity durations and costs on the overall project time and cost objectives. First, the paper gives an overview of the most commonly known sensitivity metrics from literature that are widely used by PM software tools to measure the time and cost sensitivity of activities as well as sensitivity for project resources. Second, the relevance of these metrics in an integrated project control setting is discussed based on some recent research studies. Finally, a short discussion on the challenges for future research is given. All sections in this paper are based on research studies done in the past for which references will be given throughout the manuscript.

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Order: The published article is not free of charge, but the journal editor gave me the opportunity to put my article online for free. You can download it by clicking on the picture above. In return, we just ask you a little favour: share and promote the JMPM on facebook, twitter, LinkedIn, the ProTrack Community, ...anywhere! click on the cover below to download the free article.

Cite as:

• Vanhoucke, M., 2015, "On the use of Schedule Risk Analysis for Project Management", Journal of Modern Project Management, 2(3), 108–117.

Download our previous publications in this journal:

• Vanhoucke, M., 2014, "Blended learning in Project Management: An overview of the Operations Research & Scheduling group", Journal of Modern Project Management, 1(3), 108–121.
• Vanhoucke, M., 2014, "Praise youth and it will prosper: PMI Belgium’s recognition of young PM Potential", Journal of Modern Project Management, 2(2), 112–117.
• Vanhoucke, M., 2014, "Teaching Integrated Project Management and Control: Enhancing student learning and engagement", Journal of Modern Project Management, 1(4), 99–107.
• Vanhoucke, M., 2013, "Project baseline scheduling: An overview of past experiences", Journal of Modern Project Management, 1(2), 18–27.