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Method and System for Scheduling Uncertainty

IP.com Disclosure Number: IPCOM000014178D
Original Publication Date: 2003-Jun-19
Included in the Prior Art Database: 2003-Jun-19

Publishing Venue

IBM

Abstract

A pervasive problem in the business world is the scheduling of projects with major uncertainties, such as research. Often funding for projects is predicated upon the timeframe in which the dependencies must meet with success based upon a ROI calculation. Current state of the art relies upon risk dependency identification and adding a 'pad' factor of time to adjust the schedule. What amounts to a 'best guess' scenario in the project management planning. The two major methods employed in scheduling and implemented in scheduling tools are; Padding, and Critical Chain Scheduling (This is a more sophisticated variant of simple estimation and padding.)