Elementool Reveals a Simple Way to Create Accurate Project Schedule

In his book ‘The Project Management Formula” author Yaron Sinai, founder of CEO of Elementool, shares a simple method that can help you complete projects on time.

Sometimes a small piece of advice can be a game changer.

Projects are often late. It is a well known issue that in many cases is accepted as something that we just need to live with.

But it doesn’t have to be like that. Projects can be completed on time if planned correctly.

So the game changer tip that Mr. Sinai shares in his book The Project Management Formula is: Buffers.

This tip has proven to help managers keep their projects on schedule by creating a more accurate project estimate and take unpredictable events in account before they happen.

A buffer is extra time that you add to the project’s schedule to take into account unexpected changes that might cause project delays.

The book recommends using global buffers that are added to the schedule at different points, usually before milestone due dates.

Now how do managers calculate the amount of time to add for a buffer? To come up with that figure, the manager should take the risk factors for each task into consideration. Think about what could go wrong and how much additional time it would take to deal with those potential problems. Once a buffer time has been estimated for each individual task, add them up to get the amount of time needed to create one large buffer at the end of the project.

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