How LiquidPlanner Captures Uncertainty in Project Work
One of the big differentiators we’re proud of at LiquidPlanner is how effectively our project management tool captures uncertainty. This is important, really important. Have you ever worked on a project that doesn’t have at least one unexpected surprise that pops up along the way? Being able to manage and respond productively to risk is such an important part of projects and successful deliveries. And yet, teams all over the world are caught up in project schedules that don’t accurately reflect the extra twists and turns along the way.
“Uncertainty” comes in all forms. The brief you thought would take two hours to write turns out to be more complicated than expected; there’s a hold-up on materials; resources get pulled for another priority project; the client has new feature requests. The result of uncaptured uncertainty results in a chaotic process, increased stress, plummeting trust, missed deadlines, blown budgets, delays in production, fines, loss of business, even lost jobs.
Capturing uncertainty in LiquidPlanner
Our scheduling engine is groundbreaking. From the conception of the company, co-founders Jason Carlson and Charles Seybold worked hard to create a project schedule that supported the way teams work, rather than being one more challenge to manage. They spent a year creating a scheduling engine that was based on ranged estimates and best case/worst case scenarios.
Here’s what this means: For every task you create, you enter a best case and worst case estimate. This can be two to four hours; two to four days, weeks, months, you name it. After you do this for every task in a project, LiquidPlanner’s scheduling engine rolls those estimates up into schedule bars that give you your probability for completion. We give you confidence ranges that show, for example, that there’s a 70 percent chance you’ll complete your project in two weeks, and a 90 percent chance you’ll finish it in four. Managing uncertainty through ranged estimation and probabilistic scheduling is the foundation of our Dynamic Project Management methodology.
Hear it from the source! Listen to LiquidPlanner CTO and co-founder Jason Carlson talk about uncertainty and LiquidPlanner in this short snappy video.
This video is the seventh blog in a 9-part video series featuring LiquidPlanner CTO and co-founder Jason Carlson. These short clips tell the story of everything from creating LiquidPlanner to how the LiquidPlanner scheduling engine works, and share Jason’s insider expertise on creating the only resource-driven and predictive scheduling engine on the market.
If you’d like to learn more about Dynamic Project Management, and how it can support your teams and projects better than anything you’ve tried before, download our eBook, “Introduction to Dynamic Project Management.”