1. Project Management Trade-off Analysis In A Project Environment

2. Outline Introduction Methodology for Trade-off Analysis
Contracts : Their Influence on Project
Industry Trade-off Preferences
Conclusion

3. Overview Of Project Management
TIME
COST
RESOURCES
PERFORMANCE/TECHNOLOGY

4. Tradeoffs Time Cost Performance T C P
Note: = Deviations from original plan

5. Categories of Constraints

6. Trade-off Facing Factors

7. The Systems Approach

8. Six Steps Trade-off Analysis
Recognizing and understanding the basis for project conflicts
Reviewing the project objectives
Analyzing the project environment and status
Identifying the alternative courses of action
Analyzing and selecting the best alternative
Revising the project plan

9. Tradeoff Questions Is the information pertinent?
Is the information current?
Are the data complete?
Who has determined that this situation exists?
How does he know this information is correct?
If this information is true, what are the implications for the project?

10. Unexpected Problems Human errors/failures
Impossible schedule commitments
Poor control of design changes
Poor project cost accounting
Machine failures
Failure to receive a critical input
Failure to receive anticipated approvals

11. Unexpected Problems Uncertain Problems Too many concurrent projects
Labor contract expiration
Change in project leadership
Possibility of project cancellation

12. Unexpected Problems Unexpected Problems
Over-committed company resources
Conflicting project priorities
Cash flow problems
Labor contract disputes
Delay in material shipment
“Fast-track” people having been promoted off of the project
Temporary employees having to be returned to their home base

13. Unexpected Problems (Continued)
Inaccurate original forecast
Change in market conditions
New standards having been developed

14. 1. Performance is Fixed

15. 1. Performance is Fixed (continued)

16. 2. Cost is Fixed

17. 3. Time is Fixed

18. 4. No Constraints are Fixed (1/4)

19. 4. No Constraints are Fixed (2/4)

20. 4. No Constraints are Fixed (3/4)

21. 4. No Constraints are Fixed (4/4)

22. Industry Trade-off Preferences

23. Special Cases