Definition: A revised project schedule developed to bring a delayed project back on track to meet its original or revised completion date.
Key Components:
- Delay Analysis: Identifies causes and extent of project delays.
- Corrective Actions: Plans measures such as resource reallocation or task resequencing to mitigate delays.
- Updated Timeline: Reflects new completion dates for affected tasks and overall project.
Use Cases/Industries:
- Construction: Addressing delays due to unforeseen site conditions.
- Manufacturing: Compensating for production halts caused by equipment failures.
- Software Development: Adjusting timelines after scope changes or technical challenges.
Advantages:
- Schedule Adherence: Aims to realign the project with its intended timeline.
- Stakeholder Confidence: Demonstrates proactive management of delays.
Challenges:
- Resource Constraints: May require additional resources, increasing costs.
- Feasibility: Not all delays can be fully recovered within the original timeframe.
Related Terms:
- Schedule Compression: Techniques like crashing or fast-tracking to shorten the schedule.
- Contingency Plan: Predefined actions to address potential project risks.
Example: After a two-week delay due to weather, a construction team implements a recovery schedule by adding weekend work to meet the original deadline.
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Synonyms:
Catch-Up Schedule, Acceleration Plan
