Benefits of the HCP Method

With an HCP Deep Schedule Analysis™ report in your hands, you will be able to dramatically improve project management, reduce risk and save millions on your construction or infrastructure project.

How? Read on to discover the most important benefits you will gain from obtaining an HCP Deep Schedule Analysis report on your project schedule.

1. Identify serious flaws in schedule integrity

Dramatically improve the overall quality of your project schedule by identifying and repairing flaws and inconsistencies which can lead to unexpected difficulties in the execution of the project. When you have an error-free schedule structure, you greatly improve the chances that your project will finish on time, on budget and on spec. The HCP Deep Schedule Analysis report includes a detailed list of every task with potentially dangerous flaws or inconsistencies.

Summary Count of Schedule Integrity Issues graph, taken
from an actual HCP Deep Schedule Analysis report.

2. Identify opportunities for dramatic schedule improvement

Oftentimes, unnecessary lags and constraints lurk within the critical and near-critical paths of complex project schedules. When you are able to easily identify and examine each of these cases, opportunities for dramatically shortening the schedule may present themselves. Furthermore, opportunities may exist to introduce risk-reducing float into both critical and non-critical paths. The HCP Deep Schedule Analysis report identifies and isolates the particular lags and constraints with the potential to allow major improvements to your schedule's end date and/or risk level.

3. Reveal hidden risks in the schedule

By focusing only on the CPM critical path, you are possibly ignoring dozens of other paths which carry great risk to your project. The HCP Deep Schedule Analysis report reveals these "hidden critical paths" which you cannot uncover in any other way. There are often hundreds of these paths which are only slightly shorter in total duration than the traditional (CPM) critical path. Being unaware of these paths exposes your project to tremendous risk in the event that the completion of these near-critical paths is delayed due to lack of sufficient management attention. On the other hand, when you are aware of all of the tasks contained by the hidden critical paths, you can assign them the appropriate management priority and thus eliminate risks before they become obstacles to a successfully completed project.

4. Highlight tasks requiring special attention

Within the "hidden critical paths" revealed by the HCP Deep Schedule Analysis report are numerous tasks which require close management attention. It is critical that you are aware of these key "hidden critical tasks" because they may actually be far more important to project success than the tasks in the traditional (CPM) critical path. In other words, when you know which tasks pose the greatest risks to completing the project on time, on budget and on spec, you can focus your limited management attention on that subset of tasks which have the greatest potential to delay the project. The chances of overall project success will be increased dramatically.

5. Ensure alignment between different perspectives on the project

Does management's perspective on the project match the project as structured in the schedule? Does the project manager realize the large number of hidden critical paths which risk the project going over schedule? Does the asset owner/investor have an accurate picture of the tasks requiring the closest attention from his project managers? The HCP Deep Schedule Analysis report clearly presents a high-level picture of the project schedule which allows all players in the project to align their perspectives with each other, and with the schedule itself.

The HCP paths histogram provides a high-level perspective on the number of "hidden critical paths" which may be placing a project at risk. This graph is taken from an actual HCP Deep Schedule Analysis report.

6. Receive an overall confidence measure of a project's likely success

Every HCP Deep Schedule Analysis report includes a high-level indication of the schedule's integrity and robustness. These project success expectation scores are based on a mapping of all the important paths of the project and other key factors found within the project schedule. The result is a confidence rating which can be used to compare alternative schedules, to pinpoint potential aspects of project failure and to provide an at-a-glance schedule overview to high-level management.

Every HCP report includes this high-level graph of the schedule's integrity and robustness.