Understanding risk and variability in your schedule
Traditional scheduling methods identify a single deterministic result, and while it is a best guess, it can be invariably wrong. The new Risk tools utilize stochastic scheduling to help users understand how achievable your production schedule is, what the critical path is, and how can you manage the plan better.
The following presentation by Todd Vallance and Patrick Doig at the 2022 Deswik Australia User Conference explores new concepts through case studies to help identify the critical path and understand the risk and opportunities that exist within a schedule.
Learn how you can utilize stochastic scheduling through resource leveling to simulate the impact of input variability (not just an average) on your mine schedule, giving greater insight into the inherent variability that exists in a mining operation. This process allows you to test the likelihood of achieving the schedule and enables you to make better decisions.
