All language subtitles for 11. Risk Buffer Allocation

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,000 --> 00:00:03,440 Let's look at an example. 2 2 00:00:03,440 --> 00:00:06,190 For our Department Process Improvement Project, 3 3 00:00:06,190 --> 00:00:10,610 the key customer event is the new floor plan implementation, 4 4 00:00:10,610 --> 00:00:13,610 since once that's scheduled and in everyone's calendar, 5 5 00:00:13,610 --> 00:00:15,800 moving it will cause major disruption 6 6 00:00:15,800 --> 00:00:18,180 outside the project team, 7 7 00:00:18,180 --> 00:00:21,273 so that's the event the risk buffer should protect. 8 8 00:00:22,750 --> 00:00:24,570 With the protection of the risk buffer, 9 9 00:00:24,570 --> 00:00:26,120 the question now is 10 10 00:00:26,120 --> 00:00:29,190 not how much the project will inevitably be late, 11 11 00:00:29,190 --> 00:00:32,580 but how little of the risk buffer you can use, 12 12 00:00:32,580 --> 00:00:36,363 a much more realistic and motivating game to play. 13 13 00:00:38,610 --> 00:00:40,260 There is one HR feature 14 14 00:00:40,260 --> 00:00:42,850 to the use of critical chain management. 15 15 00:00:42,850 --> 00:00:44,820 The project manager must also make 16 16 00:00:44,820 --> 00:00:48,083 an important cultural change from the old style approach. 17 17 00:00:49,470 --> 00:00:54,090 First, provide the leads with reasonable accountability. 18 18 00:00:54,090 --> 00:00:56,659 Tell them, "Please do your very best 19 19 00:00:56,659 --> 00:00:58,507 "to meet the estimates you planned, 20 20 00:00:58,507 --> 00:01:00,097 "and let me know right away 21 21 00:01:00,097 --> 00:01:02,907 "if anything will prevent you from making schedule." 22 22 00:01:04,420 --> 00:01:06,370 And then understand 23 23 00:01:06,370 --> 00:01:09,300 that some slippage will inevitably happen 24 24 00:01:09,300 --> 00:01:12,300 because the schedule had unpadded estimates. 25 25 00:01:12,300 --> 00:01:14,930 You specifically asked them to scrub them, 26 26 00:01:14,930 --> 00:01:18,063 so being upset would be unfair and demotivating. 27 27 00:01:19,070 --> 00:01:22,693 Use the overall buffer to deal with any delays. 2369

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