Rethinking Earned Value & Schedule Management on Construction Projects

Rethinking Earned Value & Schedule Management on Construction Projects PDF Author: J. Gerard Boyle
Publisher: FriesenPress
ISBN: 1039106234
Category : Business & Economics
Languages : en
Pages : 250

Book Description
This is an essential, groundbreaking book for public and private buyers of construction, contractors and sub-contractors, designers, project managers, lawyers, Earned Value specialists, forensic claims analysts, schedulers, dispute resolution experts, academics, and anyone interested in improving performance and productivity on construction projects. Among the topics discussed are the following: - Exhaustive critique of existing Earned Value analysis that compels changes to current theory and practice - New Earned Value analytics for construction, integrated with resource-loaded CPM schedules represent a paradigm change - Worked examples of resource-loaded CPM schedules using the new EV Performance analytics - Identification of reliable performance thresholds for progress, productivity and resources - Understanding the interconnection of progress and productivity and performance patterns over time - How to create meaningful, resource-loaded, CPM schedules - Analyzing schedule float in concert with the new analytics - Why current cause and effect delay analysis is fundamentally flawed because it ignores root causes - Why delay claim analysis must always account for productivity - The problem common to all contract delivery methods and how to correct it - Why construction projects fail - Specific steps in creating a successful construction program - Game theoretical & other approaches to implementing a performance-based system - Using commercial dispute resolution to contemporaneously resolve claims and improve performance going forward - The importance of probabilistic (Monte Carlo) schedule analysis & problems with current practice

Earned Value Management in Construction Project

Earned Value Management in Construction Project PDF Author: Alzwainy Faiq M Sarhan
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659750786
Category :
Languages : en
Pages : 140

Book Description
There are many potential measures of performance for evaluating the success of a construction project. All address performance in three key areas: scope, schedule and budget. Earned Value Management addresses many project management areas including project organizing, planning, scheduling and budgeting, accounting, analyzing, reporting and controlling. This book explained the introduce a new and alternative approach of using a neural network for earned value management of the infrastructure project, is the best indicator of future performance by using follow-up method, and therefore, it is possible to forecast cost or schedule overruns at quite an early stage in a construction project. The objective of this book is to demonstrate that Earned Value Management is an effective management technique that integrates technical performance requirements, resource planning, with schedules and cost. The major objectives of applying earned value are to encourage the project managers and contractors to use effective technical, cost and schedule management control systems.

Construction Project Scheduling and Control

Construction Project Scheduling and Control PDF Author: Saleh A. Mubarak
Publisher: John Wiley & Sons
ISBN: 0470919957
Category : Technology & Engineering
Languages : en
Pages : 497

Book Description
An easy-to-follow guide to the theory and practice of project scheduling and control No matter how large or small the construction project, an efficient, well-thought-out schedule is crucial to achieving success. The schedule manages all aspects of a job, such as adjusting staff requirements at various stages, overseeing materials deliveries and equipment needs, organizing inspections, and estimating time needs for curing and settling—all of which requires a deep understanding on the part of the scheduler. Written by a career construction professional, Construction Project Scheduling and Control, Second Edition has been fully revised with up-to-date coverage detailing all the steps needed to devise a technologically advanced schedule geared toward streamlining the construction process. Solved and unsolved exercises reinforce learning, while an overview of industry standard computer software sets the tone for further study. Some of the features in this Second Edition include: Focus on precedence networks as a viable solution to scheduling, the main part of project control The concepts of Dynamic Minimal Lag, a new CPM technique developed by the author A new chapter on schedule risk management By combining basic fundamentals with advanced techniques alongside the robust analysis of theory to enhance real-world applications, Construction Project Scheduling and Control is an ideal companion for students and professionals looking to formulate a schedule for a time-crunched industry in need of better ways to oversee projects.

Construction Project Management

Construction Project Management PDF Author: S. Keoki Sears
Publisher: John Wiley & Sons
ISBN: 1118745256
Category : Technology & Engineering
Languages : en
Pages : 352

Book Description
A thoroughly updated edition of the classic guide to project management of construction projects For more than thirty years, Construction Project Management has been considered the preeminent guide to all aspects of the construction project management process, including the Critical Path Method (CPM) of project scheduling, and much more. Now in its Sixth Edition, it continues to provide a solid foundation of the principles and fundamentals of project management, with a particular emphasis on project planning, demonstrated through an example project, along with new pedagogical elements such as end-of-chapter problems and questions and a full suite of instructor's resources. Also new to this edition is information on the Earned Value Analysis (EVA) system and introductory coverage of Building Information Modeling (BIM) and Lean Construction in the context of project scheduling. Readers will also benefit from building construction examples, which illustrate each of the principles of project management. This information, combined with the case studies provided in the appendix, gives readers access to hands-on project management experience in the context of real-world project management problems. Features two integrated example projects—one civil and one commercial—fully developed through the text Includes end-of-chapter questions and problems Details BIM in scheduling procedures, Lean Construction, and Earned Value Analysis, EVA Provides teaching resources, including PowerPoint slides, interactive diagrams, and an Instructor's Manual with solutions for the end-of-chapter questions Construction Management and Civil Engineering students and professionals alike will find everything they need, to understand and to master construction project management in this classic guide.

Applying Earned Value Management to Design-Bid-Build Projects to Assess Productivity Disruption

Applying Earned Value Management to Design-Bid-Build Projects to Assess Productivity Disruption PDF Author: Stephen P. Warhoe
Publisher: Universal-Publishers
ISBN: 1612334164
Category : Business & Economics
Languages : en
Pages : 392

Book Description
One of the most important jobs of a project manager is to manage a project's budget and schedule. These tasks can easily be very difficult to accomplish on projects that are complex, especially since successful project execution relies heavily on people who are expected to perform their roles individually and as a team. One of the most difficult aspects of managing projects is estimating how fast and effectively humans will perform a task; that is, determining how productive workers collectively will be each day, each week, or within any time period during the life of a project. Because projects are unique and are typically one-off endeavors, there is usually little previous empirical data to rely upon for the project manager to forecast productivity before or during the project's execution. The crux of the problem lies with adequately identifying not only the labor work flow process, but also the influences that affect the work flow process. When scope changes are introduced into the work flow of a project, the types and number of influences and their cause and effect relationships can significantly increase in numbers. This phenomenon often turns complicated projects into extremely complex ones and the final outcome can be greater than the sum of the individual inputs. For project managers who are unable to get their arms around this very real situation, forecasting the outcome of a project often becomes out of control, especially for projects that are large and heavily labor intensive. This study takes a post-positivist approach to design and builds a system dynamic model with which construction projects that are delivered using the design-bid-build methodology can be simulated to show generically how the influences that affect construction projects can affect worker productivity. No other studies are known to exist that design or build such a model for construction projects that use the design-bid-build delivery method. The model that was designed in the study is based on the works of several academics' works as well as the input of several experts in the construction field, including this study's author. As opposed to attempting to create a simulation model based on the uniqueness of a single project, a "mosaic" approach was used in creating the model in that elements of the model were identified and taken from studies found through the literature review as well as interviews with construction industry experts. The stock and flow structure of the study's model is intended to be a composite of many construction projects and can be used for any project delivered using the design-bid-build methodology. From the research, the model was created and tested using good modeling practice in that the model testing phase followed the process created by one of the pre-eminent system dynamic modelers in the world (refer to Sterman, 2000). The result is a model that simulates the work flow of labor hours in a design-bid-build construction project which can be affected by an immeasurable number of influences that can and do occur on construction projects.

Integrated Cost and Schedule Control for Construction Projects

Integrated Cost and Schedule Control for Construction Projects PDF Author: Frederick W. Mueller
Publisher: Springer Science & Business Media
ISBN: 1461597501
Category : Science
Languages : en
Pages : 517

Book Description
Management and administrative processes within the construction industry have been undergoing major changes in the last several decades. These changes have involved significant adjustments in management science and manage ment techniques, brought about by the need for contemporary valid informa tion with which to manage the construction process. In short, management in the construction industry is changing significantly; change will continue at an accelerated pace at least through the next decade. The responses required of construction industry management are now resulting in a movement away from an entrepreneurial management style to professional management tech niques and procedures. THE COMPELLING ECONOMIC ISSUES The issues forcing these changes are economic. The rising costs of construction and of money are forcing the buyers of construction services to be more demanding. Their demands are for more construction economies, more pro duction, and more productivity than at any time in the past. Nowhere has this been more evident than in the Business Roundtable on construction and in the response of the construction industry to it.· To be successfully responsive, management in the construction industry will be required to use the best project management methods available for cost control, schedule control, and for financial and accounting controls. But responsive professional management can survive and will flourish within this more demanding eco nomic environment.

Measuring Time

Measuring Time PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description


Value Management of Construction Projects

Value Management of Construction Projects PDF Author: John Kelly
Publisher: John Wiley & Sons
ISBN: 1118355148
Category : Technology & Engineering
Languages : en
Pages : 581

Book Description
VALUE MANAGEMENT OF CONSTRUCTION PROJECTS Second Edition Value Management is a philosophy, set of principles and structured management methodology for improving organisational decision-making and value-for-money. It is well-established in the international construction industry and has been endorsed as good practice in a range of UK government sponsored reports. The authors have addressed the practical opportunities and difficulties of Value Management by synthesising background, international developments, and benchmarking with their own extensive consultancy and action research experience in Value Management to provide a comprehensive package of theory and practice. Covering methods and practices, frameworks of value and the future of value management, this thoroughly updated second edition extends the integrated value philosophy, methodology and tool kit to describe the application of Value Management to service delivery, asset management and programmes, in addition to projects, products and processes. In particular, the new edition responds to: A range of recent UK industry and government publications; and most notably BS EN 16271:2012 - Value management: Functional expression of the need and functional performance specification; the imminent update of BS EN 12973:2000 Value Management; BS EN 1325 Value Management – Vocabulary, Terms and Definitions; the changes to "Value for Europe" governing the training and certification of Value Management in European Union countries; the UK Government’s Management of Value (MoV) initiative, and other leading reports, international guidance and relevant standards. Changes in Value Management practice, particularly in programmes and projects. Developments in the theory of value, principally value for money measures, whole life value option appraisal, and benefits realisation. Initiatives in asset management covering the management of physical infrastructure, for example the suite of three standards under the generic title of BS ISO 55000: 2014 Asset Management, and its predecessor BSI PAS55 2008 Asset Management: Specification for the Optimized Management of Physical Assets. It contains a dedicated chapter of exemplar case studies which demonstrate the new areas of theory and practice, and an extensive set of tools and techniques of use in Value Management practice. Public and private construction clients and construction professionals such as cost consultants, quantity surveyors, architects, asset managers, engineers, and project managers will all find Value Management of Construction Projects essential reading. It will also be of interest to researchers and students on construction related courses – particularly those at final year undergraduate and at Masters level.

Earned Schedule

Earned Schedule PDF Author: Walter H. Lipke
Publisher:
ISBN: 9780557177387
Category : Business & Economics
Languages : en
Pages : 202

Book Description
This book is intended for those who use Earned Value Management (EVM), including project managers, engineers and performance analysts. Earned Schedule (ES) is a significant enhancement to EVM, extending its cost-based features to the management and control of schedule performance. By using ES and EVM together, project management of cost and schedule can now be treated in a truly integrated sense. The book builds from the fundamentals of EVM to derive the concept of ES. The performance measurement baseline and earned value from EVM are utilized to extract time-based performance measures, indicators, and predictors. From this foundation, complexity is incrementally added with descriptions and examples for performance analysis, prediction and project control. Specific features of ES useful to project management are included and illustrated for the following: forecasting of completion date, analysis of critical path, drill-down identification of process constraints, impediments, and areas of concern for rework.

Performance-based Earned Value

Performance-based Earned Value PDF Author: Paul J. Solomon
Publisher: IEEE Computer Society
ISBN: 9780470084663
Category : Business & Economics
Languages : en
Pages : 275

Book Description
A complete toolkit for implementation of Earned Value Management Performance-Based Earned Value uniquely shows project managers how to effectively integrate technical, schedule, and cost objectives by improving earned value management (EVM) practices.