Schedule slippage means a delay in project performance which leads to non-meeting of the initially estimated due date of the project completion. If the schedule slippage is detected then it means that a project begins floating towards its upper limit of the schedule (the last time limit; deadline which bounds the area of the project’s profitability). To mitigate schedule slippage it is to use business management software (for exmaple CentriQS) to accomplish the following tasks:
- Identify rout causes of the schedule slippage: it could happen because of poor or ambitious time estimation done on the planning phase, ambiguous project requirements, interpersonal conflicts in the team, and many other factors.
- Forecast a likely delivery date: for example by utilizing CPM (Critical Path Method) that will help you in identifying slack (possible leeway) of the tasks.
- Address the identified causes and rectify these problems effectively.
- Identify some methods to neutralize/mitigate the schedule slippage: for example by adding more resources to make some critical tasks completed faster, or by making some trade-offs;
- Negotiation with the project customers to communicate and discuss the current situation;