Mario Vanhoucke's The Data-Driven Project Manager: A Statistical Battle Against Project Obstacles
Discover solutions to common obstacles faced by project managers. Written as a Business
novel, the book is highly interactive, allowing Readers
to participate and consider options at each stage of a project. The book is based on years of experience, both through the author's Research
projects as well as his teaching lectures at Business
The book tells the story of Emily Reed and her colleagues who are in charge of the Management
of a new Tennis
stadium project. The CEO of the company, Jacob Mitchell, is planning to install a new data-driven project Management
methodology as a decision support tool for all upcoming projects. He challenges Emily and her team to start a journey in exploring project data to fight against unexpected project obstacles.
Data-driven project Management
is known in the academic Literature
as “dynamic scheduling” or “integrated project Management
and control.” It is a project Management
methodology to plan, monitor, and control projects in progress in order to deliver them on Time
and within budget to the client. Its main focus is on the integration of three crucial aspects, as follows:
- Baseline Scheduling: Plan the project activities to create a project timetable with Time and budget restrictions. Determine start and finish times of each project activity within the activity network and resource constraints. Know the expected timing of the Work to be done as well as an expected impact on the project’s Time and budget objectives.
- Schedule Risk Analysis: Analyze the risk of the baseline schedule and its impact on the project’s Time and budget. Use Monte Carlo simulations to assess the risk of the baseline schedule and to forecast the impact of Time and budget deviations on the project objectives.
- Project Control: Measure and analyze the project’s performance data and take actions to bring the project on track. Monitor deviations from the expected project progress and control performance in order to facilitate the decision-making process in case corrective actions are needed to bring projects back on track. Both traditional Earned Value Management (EVM) and the novel Earned Schedule (ES) methods are used.
What You'll Learn
- Implement a data-driven project Management methodology (also known as "dynamic scheduling") which allows project managers to plan, monitor, and control projects while delivering them on Time and within budget
- Study different project Management Tools and techniques, such as PERT/CPM, schedule risk analysis (SRA), resource buffering, and earned value Management (EVM)
- Understand the three aspects of dynamic scheduling: baseline scheduling, schedule risk analysis, and project control
Who This Book Is For
Project managers looking to learn data-driven project Management
(or "dynamic scheduling") via a novel, demonstrating real-time simulations of how project managers can solve common project obstacles