Definition:
Overly optimistic or underestimated project timelines that do not account for potential delays or challenges.
Key Components:
- Critical Path Analysis: Identifying key project tasks that drive timelines.
- Float Management: Allowing flexibility for delays.
- Resource Availability: Ensuring workforce and materials align with schedules.
Use Cases/Industries:
- Energy Projects: Developing new power plants with tight regulatory deadlines.
- Construction: Meeting aggressive handover dates for commercial buildings.
- Technology Deployments: Releasing software products on fixed timelines.
Advantages:
- Encourages Efficiency: Pushes teams to meet milestones.
- Improves Planning Discipline: Ensures alignment with contractual obligations.
Challenges:
- Leads to Project Failures: Unrealistic schedules increase the risk of missed deadlines.
- Burnout and Cost Overruns: Puts excessive pressure on teams and resources.
Related Terms:
Project Scheduling, Timeline Optimization, Critical Path Method (CPM)
Example:
A hydroelectric dam project faced two years of delays because initial schedule estimates failed to account for environmental permitting.
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Synonyms:
Overly Aggressive Scheduling, Optimistic Timeline Projection, Schedule Underestimation
