Planning and controlling projects through Microsoft Project schedules that use precedence diagramming method and critical path method for all of your major initiatives is itself a major accomplishment that proves that your organization is maturing in its project management practice. However, a purely deterministic scheduling approach tends to yield schedules that represent best-case scenarios. Overruns…

Project schedules are concerned with the future. A project schedule is, in effect, a projection or forecast of how and when the project will be performed. This projection is typically made using the critical path method (CPM), which means that the projected dates are based upon the estimated durations of the various tasks and the…