Let’s work through this together paragraph by paragraph and see if we agree. If you are involved in project management then you are familiar with critical path schedules. If you are not involved in project management and you are reading this then, hi Mom.
OK, so we all know that critical path schedules are set on early dates. This means that each activity is scheduled to start on the earliest possible date, based on the logic in predecessor activities. We also know that in actual projects it is NEVER the case that each activity actually starts on the early date.
When developing a model for a Monte Carlo simulation it is important that the model be as accurate as possible to the potential events in the future. The value and accuracy of the simulation is based on the accuracy of the model created.
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If we agree on these points then it is clear that creating a schedule model based solely on early dates is not an accurate model for potential events in the future because we agree that in the execution of actual project work it is never the case that every activity starts on its early date.
Therefore, wouldn’t it make more sense to create a schedule model that recognizes that in the execution of actual projects activities start between the early and late start dates?
Only GPM and NetPoint offer this option.
Because the patented algorithms of GPM calculate the schedule without forcing activities onto their early dates a practitioner create a schedule that better reflects reality. With a more accurate model, one produces a more accurate simulation.