You will rarely find any project, regardless of its size, type, location or duration that does not require have meetings between the project stakeholders and project team members. Meetings are scheduled gatherings of individuals for stated purpose, to discuss and act upon matters of common interest. Meetings serve valuable purpose in the project to effectively…
Category: Blog
What is the leading cause of capital project cost & schedule overruns?
The undisputed answer the world over is poor scope definition. Check out this infographic detailing the 10 commandments of front end planning based on CII’s implementation resource, “Front End Planning – Break the Rules, Pay the Price.” Each of these 10 practices are proven ways to improve scope definition during front end planning.
Introducing PDRI for Small Industrial Projects
Historically small projects represent 70% or more of an organization’s capital spend. Often minimal emphasis is placed on front end planning for small projects. We assume they carry lower risk than large projects, and if a project team goes over budget or over schedule the impact seems negligible. The truth is, the cumulative effect of limited planning in…
Better Front End Planning = Better Projects
At a high level, we know that projects are very dynamic – especially in front end planning. Critical issues and decisions arise throughout a project’s life-cycle. However, it is much easier to influence a project’s outcome during front end planning when expenditure is relatively low, than it is to affect the outcome once a project…
Poor Scope Definition = Cost & Schedule overruns
What is the leading cause of capital project cost & schedule overruns? The undisputed answer the world over is POOR SCOPE DEFINITION. The level of scope definition in a project is the greatest driver of cost and schedule certainty. Front End Planning Front end planning is often considered the single most important process in the…
How to go from project zero to project hero…
Front end planning may be the most important process in the construction and operation of a capital asset. Industry research shows that projects with intensive front end planning efforts and a well-defined scope perform markedly better in terms of total cost, schedule performance and change orders than those with less intensive front end planning efforts. Front…
Capturing The Right Data Needed To Manage AEC Projects. Part 2
Cost Management. Those are responsible for managing the project cost is mainly interested in successfully achieving two important objectives. The first is how to ensure that actual project spending is aligned with the baseline spending plan or what is known for many the time-phased budget or budget cost of work scheduled (BCWS or PV). The…
Capturing The Right Data Needed To Manage AEC Projects. Part 1
Like any other profession or industry, the engineering and construction industry has identified over the years what data must be captured during the project life cycle stages to enable the project team to successfully manage their projects and eventually have the insight to make better and faster decisions. The captured data also plays an important…