Answers:
- Rolling wave planning
- Time centric earned value
· Rolling wave planning: Rolling wave planning is an iterative planning in which work to be accomplished in the near term is planned in detail, while the work in the future is planned later. The technique employs a multi-pass approach to planning and scheduling, where each pass or planning cycle builds further detail in the previous output. It enables a team to draft initial plans for distant future work and facilitate further development and integration of the details, as project scope, means and methods are refined. One of the advantages of this method is that it is scalable, and it supports all types and sizes of project delivery. Thus, it supports both small and large projects with ambiguous scope.
This technique facilitates the project manager to plan for a project as it unfolds. The technique requires iterative planning. For example, you expect to complete a project in eight months but only have clarity for the first three months. You would plan only for those three months.
With the progress of the project, one gets more clarity to plan for the remaining months. This method uses progressive elaboration. It refers to elaborating the project work packages in a greater detail as the project unfolds.
· Time centric earned value: EV is one of the most trusted tools for project managers. However, it is often viewed as costly and requires much involvement. Traditionally, EV is a costcentric method, giving the highest value to the cost. However, time rather than money is the highest priority for many projects, and this section describes a time-centric EV system, which can improve project performance and satisfaction. A consistent focus on getting tasks started and (especially) finished stimulates project improvement.
The Earned Start-Finish system is a time-centric system. In a time-centric system, the main objective is to ‘earn’ the time elements of the project plan.
For these, the following questions need to be answered:
· Are tasks starting on time?
· Are they finishing on time?
Most of the important features of the cost-centric approach are retained in the ‘start-finish’ time-centric approach. These features focus on accomplishment, performance measurement against plan and a predictive outlook on completion.