00:02
Hey, everyone, welcome back.
00:04
One final thing to note on the topic of
planning a timeline.
00:08
A good project manager won't forget Murphy's
Law.
00:12
Anything that can go wrong will go wrong.
00:16
Of course, because we are serious people.
00:19
We must mention that this law is nonsense.
00:22
Nonetheless, the project manager knows they
cannot control everything and they must
structure their project in a way where
unpreventable events will cause the least
amount of damage.
00:33
Good project managers will have a plan B,
and in this case,
B stands for Buffer.
00:40
Any plan may have realistic estimations, but
realistically, things don't always
go to plan. This is why, when estimating a
timeline, a
successful project manager will add an
additional time buffer that will hopefully
cover unexpected events that may cause a
delay.
00:57
Buffets can be added to individual tasks,
group tasks, or the entire
project. How big of a buffer should a
project manager add, though?
Good question. Unfortunately,
there is no formula or rule of thumb.
01:14
The reason is that the size of the buffer is
strictly dependent on the type of task or
project. Would you put the same buffer on
Jimmy's journey to
the office as you would?
The construction works for our Lamborarri
showroom.
01:29
Probably not.
01:30
But don't worry, we are professionals, so we
won't leave this at that.
01:34
We will now give you a few useful guidelines
to help you when sizing your buffers.
01:40
First, a project manager must judge the
level of uncertainty surrounding a
task. Simply put, the higher the level of
uncertainty, the longer
the buffer they need.
01:51
For example, say you're heading a project, a
new task H.R.
01:56
With estimating how long recruitment will
take as you don't have the expertise in this
field. However, you've never worked with
this HR team
before, so the level of uncertainty is quite
high.
02:09
It's an unknown variable as to how good they
are at recruiting showroom salespeople.
02:14
Therefore, you would add a bigger buffer to
their estimate than an estimate
from an HR team you have worked with and
know to be accurate with their estimations.
02:25
On that note, it is worth mentioning that
when a project manager relies on someone
else's expertise, they must still be aware
of their estimation methods and
validate them.
02:36
Accountability rears its head at every
stage.
02:42
Then there's the criticality of the task.
02:46
If there's a task that will damage the
project, if it's delayed or is heavily linked
with other tasks, then a longer buffer would
be sensible.
02:55
You wouldn't be able to continue with your
showroom if the walls haven't been built.
02:59
So the criticality of this task will be
higher than the task of installing
interactive displays, as there will be fewer
tasks dependent on the
displays. One of the best ways to judge
criticality is with a critical path
chart, which we will look at in detail a
little bit later.
03:18
Now, lastly, the owner of the task is a
factor.
03:22
The head of recruitment, who you have worked
with for years and has a great track record,
will need a shorter buffer with her tasks as
opposed to the recently graduated software
engineer you just hired.
03:33
It's not to say that they're bad at their
job, but there is a higher degree of
uncertainty. Now, except for the few factors
we
presented. We will give you two important
questions you as a project
manager will need to ask yourself during
planning.
03:50
The first question is where to concentrate
the buffer.
03:55
After each activity or after the last
project activity before the project is
due. Our recommendation is not to go to the
extremes.
04:05
Avoid having big buffers after each and
every activity as it often impacts the
efficiency and momentum of work.
04:13
On the other hand, if you put all the
buffers together and at the very
end, it's very likely that the sponsor will
push to decrease it,
pursuing a sooner end date.
04:25
Now the other question is how to present the
buffers.
04:29
It is an important factor and must be done
tactfully.
04:33
Even presenting your buffers as buffers can
be dangerous and your project team may
see it as added time and it could lower the
productivity.
04:43
A good method is to present it as a
validation period or time
for safety checks.
04:49
This way you can keep everyone productive
while covering any delays.
04:56
Of course. Another important way of
preventing delays is by
sequencing your tasks in the most effective
way.
05:04
Nothing can slow a project down like
twiddling your thumbs, having to wait for
tasks to finish before another can start.
05:12
In our next lesson, we will go through
sequencing tasks and the best methods to do
this effectively.
05:18
Great stuff.