Scheduling paradox: Going slower to finish faster
Sometimes you have to slow down in order to reach your destination faster. Sounds contradicting, doesn’t it? Well it’s true nonetheless.
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Correctly interpreting Activity Duration in Primavera P6
Duration and Calendar Duration, Time and Units/Time explained, P6 basic.
Time is of the essence. Both in project control and in our personal lives. As we’ve been dealing with time since childhood, you would assume we have learned to communicate on it effectively and unambiguously. But when someone says: “this activity is going to take 48 hours” you might take that as 2 days while he might’ve meant it will take two persons 3 8-hour-working days to complete.
Read moreIdentifying top risks in a schedule risk analysis
A schedule risk analysis is a powerful tool to gain insight into the influence of risks and uncertainties on the cost and duration of a project.
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Time forecasting techniques with Earned Schedule
You are halfway through your project and you want to know if you are still going to achieve your project objectives. By using an Earned Value Management System, you know how to estimate your total expected costs (Estimate at Completion), but what about your deadline? Based on your current information, can you say something about the expected finish date of your project? This blog gives you an overview of how to use Earned Schedule to predict your project finish date.
Recognizing the levels of change during project execution
Each large construction project brings new challenges. One of the challenges from a project controls perspective is to manage changes. The objective of this blog is to create awareness of the different levels of change during project execution and gives a brief answer on the following question: Which type of changes are we dealing with?
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Value as a knowledge area of Project Controls
Project management is defined by the PMBoK, as “the application of knowledge, skills, tools and techniques to project activities to meet the project requirements”. But what are those requirements that need to be met?
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The 14-Point DCMA Schedule Assessment
There are numerous reasons why a schedule should meet certain quality criteria. Have a look at our blogpost “Schedule Quality – Technical Requirements” for the details. One of the more widely spread tests to assess the (technical) quality of a schedule is the DCMA 14-Point Schedule Assessment.
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Earned Schedule – The Appropriate upgrade of your EVMS
Now we’ve learned the basics of Earned Value Management calculations (see this blog), it’s time to introduce a new metric to define our project’s health. As you’ve noticed all previous metrics and parameters were either percental (CPI, SPI, TCPI) or monetary/unitary (CV, SV). But what does a schedule variance of € 10.000 tell us? First, a delay expressed in monetary units is somewhat strange. Second, we will show later in this blog post that this metric is subject to a major fallacy. It is to be replaced with a more comprehensive one. Time for change.
Read moreThe essentials of Earned Value Management
Do you feel your company’s finance department only focuses on whether your project stays within budget, but they miss the link with the project’s progress? Then Earned Value Management is your key to successfully tracking your project’s health.
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