Typical Attributes of a Phantom Schedule

Some of the typical attributes of a Phantom Schedule are as follow:

1) Secret (unknown to the other contracting party)

2) It is a simplified version of the contract schedule

3) Considered more reliable and accurate

4) Viewed as a validation schedule that provides better forecasts5.

5) Updated in the background by sponsoring party

6) Decision-making tool by sponsoring party. Management decisions are no longer based on the forecast of the current contract schedule.

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The Phantom Schedule

A phantom schedule (ghost schedule) is a non-official schedule prepared behind the official scheduling scene. The timing of its creation can be anywhere between project start date to completion. The urgency governing its creation depends largely on the specific purpose and necessity to which it was created.

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How about understanding your Project’s Schedule Critical Path better?

Critical Path is a measure of schedule flexibility, discernable through each activity total float. On any network path, flexibility is the positive difference between early and late dates (PMI, Project Risk Management, 2013). It is the shortest time possible for a project to finish.

“Be careful of relative critical path. This is the critical path relative to some select points of constraint only.”

“The path it generates does not represent the overall project’s critical path. The real overall critical path of the schedule is one generated by the calculation of a schedule that has no constraint, a schedule that flows freely.

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Happy Canada Day to all Freedom-loving people out there!

Canada Day (French: Fête du Canada) is the national day of Canada. A federal statutory holiday, it celebrates the anniversary of July 1, 1867, the effective date of the Constitution Act, 1867 (then called the British North America Act, 1867), which united the three separate colonies of the Province of Canada, Nova Scotia, and New Brunswick into a single Dominion within the British Empire called Canada.[1][2] Originally called Dominion Day (French: Le Jour de la Confédération), the holiday was renamed in 1982, the year the Canada Act was passed.[3] Canada Day celebrations take place throughout the country, as well as in various locations around the world, attended by Canadians living abroad.[4]

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Happy Father’s Day 2019 to all Dads out there!

The greatest gift a father can give to his children is to love and respect their mother (Hesburgh, T., 1917-2015). The greatest gift a married wife can give to the father of her children is loyalty and being true to her vows. The best way to honour a good father is through respect and obedience.
This Father’s Day, Don’t forget to honour them! Cheers to all loving Father! May your number grows and your influence multiplies!

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Book-signing Promo Event, at Dana Point, CA a success!

My apprehension that the small group who attended that evening might not show any interest on the subject was unfounded. The ensuing discussions were lively and fruitful. There was excitement in the air, gasps of discovery in each turn, and a promise from the audience to read and promote my work. This small, simple book-signing event was fun and successful. This was first this year since my last book-signing at Indigo Hills, Calgary two years ago.

Topic of the evening: We are all risk managers! Risk management is the only thing we do for a living, the very reason why our company or client pays us, the reason why we go to work every day. We manage risk even as we prepare to go to sleep, to increase probability that we wake up the next day healthy and refreshed. The amazing thing is, we don’t even realize it!

In this sense, we are all risk managers as we support our very existence. We survive each daily rigors because we are already unconsciously competent of what we do through years of experience and training.

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PM Solution Pro participated in the AACE Dinner Meeting, “Proactive Trend and Change: Avoiding the Iceberg Effect.”

Risk is about the future. Imagine that from “NOW” (the present) and the future state, there is a timeline. The time duration to the future has to have a value. Threat and Opportunity is about the future. There is no additional sense saying future risk. Saying so is redundancy.
Reliability of work data increases over time, and it signals the right time for full integration. Reliability is a result of data maturity. Good integration results in an effective risk-based project execution, the execution that makes most sense. While the acquisition of good quality information is always in progress, the risk specialist and each team member should strive to help the project manager identify and highlight critical elements needed for success. Always remember that risks must be identified before they can be managed. Risks cannot be identified if no information or indicator relating thereto exists. Unknown risks cannot be managed.

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Book Signing Event at El Torito, Dana Point, California. See you there!

Book Signing Event at El Torito, Dana Point, California. See you there!

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Cost Reduction Strategies for Utilities Part 5: Enterprise Resource Planning System

In plain words an Enterprise Resource Planning (ERP) system is a central database system that houses financial, human resources, material, schedule, regulatory and work orders information about the capital and operational expenditures (capex and opex) of a company. It has various modules that display that information in a fashion that is suitable for various departments, functions and levels of an organization. An ERP system today is a crucial tool for utilities to bring greater visibility to the workflows, resource availability, productivity levels, stakeholder commitments and asset management. Access to good data leads to better decisions. Utilities have all kinds of useful and important data about their people, projects, asset health, contractors, facilities, inspection and maintenance, connection requests, regulatory commitments and documents.

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Cost Reduction Strategies for Utilities Part 4: Strategic Asset Management and Asset Health Tracking

Today, utility asset managers can have access to higher quality “realtime” data. For instance, with mobile devices with barcode scanners technicians can record and tag the results of equipment maintenance and test result so their values can be tracked against acceptable norms to flag any abnormalities that may warrant further inspection. If this information can be monitored and tracked for all major or critical equipment, then at any time there’s a good indication of enterprise wide assets health. With data at fingertips it is easy to start looking for patterns such as assets nearing end of optimal useful life before reliability metrics start being impacted or risk of costly catastrophic failure start becoming unacceptable resulting in long-term operational savings.

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