Resource-constrained project schedule simulation

Schedule simulation enables project managers to forecast project duration and cost, taking into account the variances that occur during project execution.  Tasks run longer or shorter than planned.  Costs are higher or lower than expected.   However, schedule simulations often do not consider the effect of resource constraints on the schedule being simulated.  In a prior article, simulation was used to generate resource-feasible schedules in order to explore and describe the underlying distribution of such schedules.  In this article, the process is extended to simulate resource-constrained project schedule duration.   Continue reading “Resource-constrained project schedule simulation”