Other Views by this Author:
|
The buffer burn ratio is essential to understanding the risk of completing the project on time. If you’re managing a project, the buffer burn ratio is a reliable way to determine if your project management strategies are effective.
If you’re managing a project, the buffer burn ratio is a reliable way to determine if your project management strategies are effective. If they are, you’ll see buffer recovery. If not, you’ll see continuing consumption of the project buffer. The good news is you’ll see it before the project is late – in time to discover your strategies are not working as you hoped.
The buffer burn ratio is essential to understanding the risk of completing the project on time.
Progress on a project is measured by the ratio of work to be completed to the amount of buffer remaining. The ratio tells us when a project is in danger of not being completed on time. For example, a project that has 100% of the work remaining and 100% of the buffer remaining has a ratio of 1:1; it’s on schedule. A project that has 80% of the work remaining and 40% of the buffer remaining has a ratio of 8:4; clearly, it’s at risk of not finishing on time. This the Buffer Burn Ratio.
When tasks are delayed, they consume the buffer , potentially threatening the project completion date. By identifying which tasks are creating the highest buffer burn ratio, the project manager knows which task to focus on right now. His efforts can then be directed to solving that problem, thus causing the entire project to move forward.
| More on this Interest Area
| More on this View
|
|
|
