From the course: Learning Gantt Charts

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Assessing risk with a Gantt chart

Assessing risk with a Gantt chart

From the course: Learning Gantt Charts

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Assessing risk with a Gantt chart

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- The Gantt chart is also helpful when you're thinking about risk, what might possible go wrong with the project that you're planning. For assessing the risk of lateness, you really only need to check the tasks on the critical path. They are, by far, the most likely cause of lateness for your project. Although, if there are any noncritical tasks that are nearly critical, they have a very small amount of float, then you might want to keep an eye on them as well. For risk of cost overspend, you need to think about the cost risks of all the tasks. Any task, critical or not, that ends up costing more than you expected will take you over budget. You could have extra columns by the side of the Gantt chart for risks, although normally they would be on a separate page because you might have more than one risk for a particular task. So you would list how likely and serious the potential problems are and then add your…

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