GAO Schedule Assessment Guide: GAO-16-89G December 2015 (Paperback) (ISBN-13: 9781721856015)

GAO-16-89G December 2015 with Table of Contents on back.

This schedule guide is a companion to the Cost Estimating and Assessment Guide (GAO-09-3SP). A cost estimate cannot be considered credible if it does not account for the cost effects of schedule slippage. An effective methodology for developing, managing, and evaluating capital program cost estimates includes the concept of scheduling the necessary work to a timeline, as discussed in the Cost Guide. Typically, schedule variances are followed by cost variances and management tends to respond to schedule delays by adding more resources or authorizing overtime. Therefore, a reliable schedule can contribute to an understanding of the cost impact if the program does not finish on time. Further, a schedule risk analysis allows for program management to account for the cost effects of schedule slippage when developing the life-cycle cost estimate.Having managed many construction projects over the years in the U.S., Europe and the Middle East, I can tell you that without a good (reasonable) schedule, a project cannot stay within budget. Budget is more important than schedule as far as I am concerned but without a well thought out schedule, the budget will be busted. Schedule slippage is bound to happen on any project due to unforeseen circumstances such as weather and politics, but I have a problem with circumstances that should have been foreseen. As a manager of project managers, I always took the approach that if something goes wrong, it is the Project Manager's fault. Many PMs working for me over the years felt this was unfair, but that's how it is. If there is a delay, the PM should have anticipated that and figured out a work-around. I don't give bonuses to projects that are behind schedule. I recommend you do the same. They will get over it.

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Author: Government Accountability Office
ISBN-10: 1721856013
ISBN-13: 9781721856015
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 12/31/2015
Pages: 242
Format: Paperback
Weight: 1.26lbs
Size: 11.00h x 8.50w x 0.51d