PMIWDC

Managing Projects As Investments: The Benefits Of Computing Critical Path Drag And Drag Cost

Managing Projects As Investments: The Benefits Of Computing Critical Path Drag And Drag Cost

featuring

Stephen A. Devaux, MSPM, PMP

President

Analytic Project Management

This page is from a past PMIWDC event.

If this is not what you were looking for, visit the PM Tools Workshops page to find out about upcoming events, or read more about why PMIWDC does not delete these pages.

$10.00
Event Date: 
Tuesday, June 16, 2015 - 5:30pm - 6:30pm

Every project is an investment. The value of that investment is usually extremely sensitive to project duration. Every project’s duration is determined by the longest path of work and constraints. However, traditional critical path analysis fails to provide metrics for activities on the critical path, saying only that their float is zero. Devaux will explain the new scheduling metric, critical path drag, that measures the time by which critical path tasks and constraints are delaying project completion. He will also explore the implications of that added time, another metric called drag cost that may be measured in dollars or in lost human lives.

Event Location: 
Fairview Park Marriott
3111 Fairview Park Drive
Falls Church, Virginia 22042
Agenda and Cost: 

Date

Immediately before the Chapter Dinner Meeting. at 5:30pm.

Note that per PMI Global policy, a PDU is only available for attendees arriving within the first 10 minutes of the start of the program.

Special Instructions: 
Preregistration is required at this PM Tools session. To ensure adequate space for our guests, we began requiring preregistration and a small fee for PM Tools in October 2011.
PDUs Available: 
1 PDU for Certified PMs

Event Keywords

Soft Skills

Communication

Effective communication, in general: audience, media / message, attention vs. "noise", etc.

Hard Skills

Regulatory/Oversight

Navigating constraints introduced by a sponsor organization's structure, maturity, fiduciary landscape, etc.

Tools

Specific tips and techniques in the use of PM tools (SW, other)

About the Speaker

Stephen A. Devaux, MSPM, PMP

Analytic Project Management
President

Steve Devaux, MSPM, PMP, is President of Analytic Project Management, Boston, MA, a PMI Global R.E.P. founded in 1992. Major corporate clients include Siemens, BAE Systems, Wells Fargo, Texas Instruments, Wyeth Pharmaceuticals, MIT Lincoln Labs, iRobot, L-3 Communications, American Power Conversion, and Respironics.

Devaux’s newest book Managing Projects as Investments: Earned Value to Business Value came out from CRC Press in September 2014. He is also the author of Total Project Control, the second edition of which was published by CRC Press in March 2015. He contributed chapters on his new CPM metric, critical path drag, in two 2013 books: Project Management in the Oil and Gas Industries and Handbook of Emergency Response. He is the author of numerous articles and PMI webinars, and a frequent speaker at PMI Chapter meetings throughout the US. He also authors a blog on advanced practices in project management several times a week at www.TotalProjectControl.com.

Over the years, he has taught graduate project management courses at Suffolk University, Brandeis University and University of the West Indies/Barbados and in Executive Education programs at Bentley University and UMass/Lowell.

About the PM Tools Workshops

A full house at a PM Tools workshop - Photography By Greg Bouchillon

PM Tools is PMIWDC's workshop series that addresses the practical aspects of Project Management.

Both the PM Tools session and the monthly dinner meeting are worth 1 Professional Development Unit (PDU) each to certified PMPs. Continued certification as a PMP requires the accumulation of these valuable credits and we are pleased to offer this opportunity to obtain both the important training and the educational credit associated with it.