AAOM Handbook

probability of an event is greater than the confidence level required from the schedule, • the probability distributions for the triggers, outputs and durations where variability can have significant impact on confidence levels for reporting interval must be specified, • Monte Carlo simulation shall be used to produce the schedule forecasts • the forecast of the quantity and timing of the performance parameters shall be in the form of a probability distribution for each reporting interval (typically quarters and years), • the forecast of the quantity and timing of the major resource demands shall be in the form of a probability distribution for each reporting interval (typically quarters and years), • an Operating Master Schedule, optimised for output and/or resources, shall be produced by adjusting the schedule events within the trigger tolerance range specified within the Production and Service Strategies, • The probability distributions of the schedule forecasts, and the Performance Target specifications shall be used to generate the confidence level for the optimised schedule. The Operating Master Schedule shall include data to allow the schedule to be filtered by; • accountability for the work, and • the Business Structure (down to Productive Unit level). The detailed activities of set Operating Master Schedule shall conform to the specifications set out in Set Operating Master Schedule flowchart and TAs MS.01 to MS.14.

© McAlear Management Consultants 2006

Operational Planning: Set Operating Master Schedule

Updated: August 2018

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