4. Predictive Analytics: Analyze Project Change Orders and Related Project Risks

Other factors impacting project execution include Project Change Orders which can alter and expand the project scope/deliverables/costs.  Project Change Requests/Orders can be a primary causative factor for projects exceeding their Budget.  Project Change Orders can include design changes required for Project Equipment/Assets based on project scope or process specification changes.

Managing Project Risk is a critical responsibility of the Project Manager during each project to identify and implement Risk Mitigation strategies, especially the risks that are associated with project change.  

For example, when a Project Change order is created against a Project Task associated with a released Project Purchase Order, the Project Manager should be alerted that a Purchase Order revision may be needed to support the Project Change Order.   

These Project Change orders can have cascading effects that can include Project Purchase Orders for engineered equipment that have been released to Project suppliers.  Also, these Project Change Order scenarios may call for a Purchase order revision to reflect any equipment specification changes.  Other Project Change Order use cases are included below - 

• Identify specific Change Orders that impact Project Schedule and/or Budget and any dependent successor tasks.

• Alert PM when a Project Change order is created against a Project Task associated with a released Project Purchase Order, the Project Manager should be alerted that a Purchase Order revision may be needed.

• Alert PM when Project Change Order impacts a specific assigned Project Asset (Major Equipment), identify other Tasks that are assigned/dependent on that same Project Asset.

• Alert PM when Project Change Order created against Project Tasks with PO(s) that have already been received