In this video, we continue our in-depth exploration of delay analysis methods with a focus on Time Impact Analysis (TIA). TIA offers a robust methodology for evaluating the impact of delays on both project timelines and costs. Unlike other methods that rely solely on the original baseline schedule, TIA leverages the most recent schedule updates to provide a more accurate and timely snapshot of potential delay impacts.
Key Topics Covered:
- The Fundamentals of TIA: Learn why updating the schedule to a point just before a delay event is critical for accurate analysis.
- Methodology: Discover how to insert delay activities as close to the status date as possible, using only the data available at that moment.
- Practical Application: See a detailed demonstration using a sample project in Primavera P6. In this example, excavation and blinding work are executed as planned, while foundation work is delayed due to a delay in receiving client’s approvals. By incorporating the delay event into the most recent schedule update, the project’s completion date shifts from an original finish on May 6th to a new projected finish on June 20th revealing a 15-day extension.
- Comparative Analysis: Understand how TIA differs from the Impacted As Planned method, highlighting its strengths in capturing real-time impacts and its potential limitations.
Time Impact Analysis is particularly valuable for projects with frequent schedule updates, as it enables project managers to proactively assess delay impacts and make informed decisions about time extensions and cost adjustments. While it requires regular and accurate schedule updates, TIA remains one of the most effective tools for managing project delays.
Watch the full video on YouTube: https://www.youtube.com/watch?v=1eq5au6l_CI
