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What is the difference between project Reschedule, Replan and Catchup Plan?
Difference between project Reschedule, Replan and Catchup Plan.
1. Project Reschedule :
· Description : Rescheduling involves creating a new project schedule based on actual start and finish dates, remaining durations, and the actual percentage of work completed for ongoing and future activities.
· Use: Reschedule is used when activities deviate from the original plan, either by falling behind or progressing ahead of the schedule. It aims to create a new plan for ongoing and future activities to align with current progress.
· Execution: In software like Primavera and Microsoft Project, you can execute rescheduling through functions like “F9-Schedule” or “Update Project-Reschedule.”
2. Project Replan :
· Description: Replanning, or replanning time, is initiated when project delays and substantial differences between planned and actual progress are significant (typically over 20%). It indicates that the existing plan is no longer effective for managing the remaining work.
· Use: Replanning is necessary when project delays exceed an acceptable threshold, and a substantial gap exists between the planned and actual progress. It’s often driven by unforeseen events or issues in project execution.
· Execution: Replanning involves creating a new plan based on the current reality, often in consultation with the client and project team. A key feature is that the percentage of planned progress (Plan%) is aligned with actual progress (Actual%).
3. Project Catchup Plan :
· Description: A catchup plan, also known as a recovery plan, is developed when any project delay is deemed unacceptable. It’s created to ensure the project still meets its original deadlines.
· Use: Catchup plans are employed when any delay in project completion is unacceptable, and it’s crucial to adhere strictly to the original schedule. This is particularly relevant for high-stakes projects where any delay is not tolerated.
· Execution: After rescheduling, if the project remains behind schedule, a catchup plan is created to accelerate the remaining work and ensure alignment with the original baseline finish date. Creating a successful catchup plan requires close coordination with all project stakeholders and active management to make it feasible.
These terms represent different strategies for managing projects that have experienced delays or significant deviations from the original plan. The choice of which to use depends on the project’s specific circumstances and requirements, as well as the tolerance for delays in the project.
Topic: Project Reschedule, Replan and Catchup Plan