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This book explores how project scheduling, risk analysis and control can be understood, tested and taught through data-driven experimentation. It presents 10 Python-based example experiments that guide readers from fundamental scheduling techniques to advanced project control methods. All project data and code are provided, allowing readers to reproduce, modify, and extend every analysis.
The first part introduces the Critical Path Method as the foundation for structured scheduling and extends it to time–cost optimization and resource-constrained scheduling through heuristics and integer programming. The second part employs Monte Carlo simulation to capture schedule uncertainty and to measure activity sensitivity for both unconstrained and resource-limited projects. The third part focuses on project control, using Earned Value Management (EVM) to replicate forecasting accuracy studies from academic literature.
The book’s distinctive contribution lies in linking theoretical scheduling principles with executable Python models, enabling a transparent exploration of how data can drive project decisions. It raises questions about the adequacy and complexity of project data, the measurement of uncertainty and the balance between simplicity and realism, offering both conceptual insight and a practical laboratory for data-driven project management.The book offers an educational yet forward-looking approach, combining clear explanations with ten reproducible Python-based experiments. Readers are encouraged not only to understand, but to experiment, i.e. test and extend the models themselves. By bridging theory and practice, it provides a hands-on and reproducible framework to explore how data shapes scheduling, risk analysis, and project control. The book is particularly suited for use in courses on project management, operations research or decision analytics, as well as for self-learners eager to build technical and analytical data-driven project management skills in a structured way.
About the author
Dr. Mario Vanhoucke is a Professor at Ghent University (Belgium), Vlerick Business School (Belgium), and UCL School of Management at University College London (UK). He teaches courses on Project Management, Applied Operations Research and Decision-making for Business. His research interests lie in the integration of project scheduling, risk management, and project control, which has led to more than 100 papers in international journals, seven project management books published by Springer, one book published by Apress, and a PM Knowledge Center for online learning. His research has received multiple awards, such as the awards from the Project Management Institute (PMI Belgium), the College of Performance Management (CPM) and the International Project Management Association (IPMA).
Summary
This book explores how project scheduling, risk analysis and control can be understood, tested and taught through data-driven experimentation. It presents 10 Python-based example experiments that guide readers from fundamental scheduling techniques to advanced project control methods. All project data and code are provided, allowing readers to reproduce, modify, and extend every analysis.
The first part introduces the Critical Path Method as the foundation for structured scheduling and extends it to time–cost optimization and resource-constrained scheduling through heuristics and integer programming. The second part employs Monte Carlo simulation to capture schedule uncertainty and to measure activity sensitivity for both unconstrained and resource-limited projects. The third part focuses on project control, using Earned Value Management (EVM) to replicate forecasting accuracy studies from academic literature.
The book’s distinctive contribution lies in linking theoretical scheduling principles with executable Python models, enabling a transparent exploration of how data can drive project decisions. It raises questions about the adequacy and complexity of project data, the measurement of uncertainty and the balance between simplicity and realism, offering both conceptual insight and a practical laboratory for data-driven project management.The book offers an educational yet forward-looking approach, combining clear explanations with ten reproducible Python-based experiments. Readers are encouraged not only to understand, but to experiment, i.e. test and extend the models themselves. By bridging theory and practice, it provides a hands-on and reproducible framework to explore how data shapes scheduling, risk analysis, and project control. The book is particularly suited for use in courses on project management, operations research or decision analytics, as well as for self-learners eager to build technical and analytical data-driven project management skills in a structured way.
