7 Principles for Proper Update of Integrated Project Schedules

Proper Integrated Project Schedule update and forecast are essential activities to maintain a schedule that can effectively be used for reference and decision-making. In our new White Paper \’7 Principles for Proper Update of Integrated Project Schedules\’ we cover the schedule update for actual progress.

The Integrated Project Schedule must reflect reliably the actual situation of the Project. The following 7 principles apply:

1. Seek Accuracy not Precision
2. Updating is a Bottom-Up Exercise
3. Face Reality
4. Manage Information Delay and Bias
5. Updating Must be Comprehensive
6. Manage Information Bottlenecks
7. Implement Progress Measurement Best Practices

Being able to transform the informal knowledge spread inside the Project team is an essential process capability for successful Projects, in particular when they are Large and Complex, and even more when the Project team is spread between different sites.
Reality is sometimes uneasy; but it is much better to know the reality, and structure this knowledge so as to be able to act on it. Too many Projects maintain illusions too long in their schedules, falling prey to a illusory perception of reality which will catch up sooner or later.

Read our new White Paper \’7 Principles for Proper Update of Integrated Project Schedules\’ to understand better how to update schedules reliably.