Definition:
A high-level project timeline that provides an overview of major project phases, milestones, and key dates, typically used for executive decision-making and stakeholder reporting.
Key Components:
- Project Phases: Engineering, Procurement, Construction, Commissioning.
- Major Milestones: Key approval dates, financing decisions, contract awards.
- Duration Estimates: Overall project timeline without detailed tasks.
- High-Level Dependencies: Broad sequencing of major phases.
Use Cases/Industries:
- Mega Projects: Used by executives to track progress of multibillion-dollar energy developments.
- Government Energy Initiatives: Oversight of national power infrastructure projects.
- Investment Planning: Assisting financial stakeholders in tracking project feasibility.
Advantages:
- Simplifies Communication: Provides a clear project snapshot for executives.
- Aligns Stakeholders: Ensures all parties understand project timelines.
- Supports Strategic Planning: Assists with investment and risk analysis.
Challenges:
- Lacks Detail: Does not provide insights into day-to-day activities.
- Needs Integration with Lower-Level Schedules: Changes in execution impact the high-level view.
Related Terms:
Strategic Schedule, Management-Level Schedule, Project Roadmap
Example:
An offshore wind farm Level 1 schedule outlines broad phases like seabed surveys, turbine manufacturing, foundation installation, and final grid connection over a five-year period.
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Synonyms:
Master Summary Schedule, High-Level Roadmap
