Advanced Project Management with Mind Maps

60 Mins
Added: 2017-08-30
4
1291
Adam Cherrill demonstrates how mind mapping can support advanced project and program management by integrating schedule planning, financial control, and risk management in a single visual framework. Drawing on aerospace and defence programme experience, he presents a case study showing how MindMan...
Adam Cherrill demonstrates how mind mapping can support advanced project and program management by integrating schedule planning, financial control, and risk management in a single visual framework. Drawing on aerospace and defence programme experience, he presents a case study showing how MindManager can model complex contract structures, performance metrics, and risk scenarios. The session illustrates how dynamic maps allow project managers to analyse schedule performance, cost efficiency, and forecast outcomes in real time. [00:04:02] Session Context and Objectives Adam introduces the webinar and explains that the session blends theory and practice through a case study demonstrating advanced project management within a mind mapping environment. [00:05:33] The Consulting Use Case: Managing a Complex Programme A scenario is introduced in which a programme director must manage a $500M fixed-price contract consisting of multiple interrelated projects with strict financial and schedule requirements. [00:11:00] The “Set, Attack, Defend” Baseline Methodology Adam presents a project execution mindset: first establish the baseline plan, then execute against it, and finally defend it against risks, changes, and external disruptions. [00:12:41] Rolling-Wave Planning and Work Package Development Rather than planning everything in detail upfront, planning packages are gradually converted into detailed work packages as tasks approach execution. [00:14:21] Maintaining Situational Awareness Across Critical Paths Project managers must monitor multiple potential critical paths and manage schedule buffers to protect delivery milestones. [00:18:54] Earned Value Management Concepts Adam introduces earned value management as a way to integrate schedule and cost performance by measuring planned value, actual cost, and earned value. [00:20:35] Integrated Master Scheduling in a Mind Map The project schedule is modelled visually with interdependent tasks, milestones, buffers, and Gantt chart views embedded within the mind map. [00:24:49] Linking Financial Metrics to the Project Structure Costs, budgets, and planned value calculations are embedded directly within the map using formulas and roll-up calculations. [00:27:28] Analysing Schedule and Cost Variances Real-time calculations allow project managers to detect whether the programme is ahead or behind schedule and whether spending efficiency is on track. [00:32:34] Forecasting the Estimate at Completion (EAC) Multiple forecasting approaches are demonstrated, including independent calculations using cost and schedule performance indices. [00:36:53] Integrating Risk Management into the Model A visual risk register captures threats and opportunities, combining probability and impact to quantify risk-adjusted financial outcomes. [00:43:39] Scenario Planning and Profit Forecasting Best-case, expected, and worst-case scenarios combine cost forecasts and risk impacts to estimate programme profitability and guide decision-making. Featuring: MindManager
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