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JOURNAL OF MANAGEMENT POLICY AND PRACTICE

A Variable Time Project Planning and Control Model

Author(s): Charles W. Butler, Gary L. Richardson

Citation: Charles W. Butler, Gary L. Richardson, (2011) "A Variable Time Project Planning and Control Model" Journal of Management Policy and Practice, Vol. 12, Iss. 6, pp. 11 - 19

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The typical method for project scheduling uses a single time estimate for all tasks. Yet, it is likely that

each task will vary from that singular value as will the planned project completion date. Rather than

using a deterministic date that is inaccurate, it is suggested that a more rigorous model use probabilistic

time estimates that support processes yielding a more desirable answer. This paper will illustrate a

method using variable time estimates associated with a Critical Chain Theory implementation to produce

project schedules that have potential to be finished on schedule and actually shorten traditional cycle

times.