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SYSTEM AND METHOD FOR MANAGING INHERENT PROJECT UNCERTAINTY

  • US 20090055237A1
  • Filed: 08/23/2007
  • Published: 02/26/2009
  • Est. Priority Date: 08/23/2007
  • Status: Abandoned Application
First Claim
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1. A method of calculating a schedule for a project comprised of a plurality of tasks, the method comprising:

  • receiving from a user a definition for at least some of a plurality of tasks comprising a project, the received definition for a task comprising a task identifier, a relationship to at least one other of the plurality of tasks, and a range of work associated with the task;

    applying a statistical model to estimate an expected task completion date for each of the plurality of tasks having a definition, wherein the statistical model is applied to the range of work associated with a task and the expected task completion date reflects a date by which the associated task will likely be completed; and

    utilizing the expected task completion date for each of the plurality of tasks having a definition to calculate a schedule for the project.

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