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Challenge 7: Stochastic Project Volatility


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Challenge Overview 

Traditional project plans regards dates and durations as being known and deterministic, a simplified model which often struggles when it encounters the realities of execution. This challenge is focussed around the opposite - obtaining insights from a plan where all dates and durations are described in terms of probability distributions.

 

Challenge Breakdown 

A challenge to find insight into milestone data and nondeterministic durations. The data set for this challenge contains task information and how long it is predicted to take, compare this with a variable result and find insight on where bottlenecks and issues occur. Use decision topology information and create your own metrics to present the data in a meaningful way and perhaps find additional insight into what is important.

Skills:

Learn Power BI

Use data to inform about project management

Learn and develop new visualisations for project management

Create your own metrics

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