Method, management procedure, process, an instrument and apparatus for delay estimation and mitigation of delay risks in projects and program

Abstract

In a method of delay estimation and a project management tool with at least a delay estimation module, the delay estimation module and the method of delay estimation estimating delays at least by dividing a work breakdown structure of a project plan in a plurality of elements, identifying a plurality of risks and uncertainties in connection with the plurality of elements provided in the work breakdown structure, estimating a plurality of best duration uncertainty distributions for each element of the plurality of elements, synthesizing, using the plurality of best duration uncertainty distributions, a work breakdown structure of a project plan with uncertainties, and creating an estimate of delays for the project plan.

Dependencies are inferred from the claim text.