Grab Project Control: Integrating Cost and Schedule in Construction to help manage your project better. This guide will help your through detailed reasoning behind the methodologies of monitoring, proper planning, and controlling your project costs and other factors. Whether you’re a student or a professional, if you deal with project costs this guide is essential for your success.
Table of Contents
Foreword
About the Author
Introduction
- The Basics
- The Concept of Project Management
- History of Project Management
- Approaches to Project Management
- The Traditional Approach
- The Initiating Process
- The Planning Process
- The Executing Process
- The Monitoring and Controlling Process
- The Closing Process
- Benefits of Proper Planning
- The Role of the Project Manager
- Lead the Project Team
- Create the Project Plan
- Develop the Project Schedule
- Monitor the Progress of the Project
- Control the Project
- Take Corrective Action
- Achieve the Project Goals
- Goals of the Project
- Contractual Performance Obligations
- Financial Objectives
- Prevent or Minimize Delay
- Avoid Claims or Litigation
- Control the OPC Relationship
- Increase Market Share
- Role of the Contract Documents
- Study the Plans and Specifications
- Identify Discrepancies Early
- Visit the Project Site
- Understand the Project Constraints
- Determine Potential Problem Areas
- Understand Contract Procedures
- The Schedule and Budget
- Summary
- Introduction to Project Control
- Overview of Project Control
- Project Control Terminology
- Project Control Formulas
- The Project Control Cycle
- Plan to Achieve Goals
- Execute Work According to Plan
- Measure the Progress
- Identify Variations
- Analyze Cause of Variations
- Implement Corrective Actions
- Execute Work and Measure Changes
- Summary
- Pre-Construction Planning
- Initiating the Control Process
- Pre-Construction Planning
- Key Personnel and Responsibilities
- The Contractor’s Group
- The Design Professional’s Group
- Owner’s Group
- Regulatory Group
- The Plan – The Roadmap
- Establishing a Baseline for Schedule Control
- Establishing a Baseline for Cost Control
- The Communication Plan
- Summary
- The Schedule
- Basic Scheduling Concepts
- Types of Schedules
- The Checklist
- The Schedule Board
- The Bar Chart
- The Look Ahead
- The Linear Schedule
- Advanced Scheduling Methods
- Program Evaluation and Review Technique
- Critical Path Method (CPM)
- The CPM Schedule as a Management Tool
- Tasks
- The Work Breakdown Structure
- Task Types
- Task Descriptions
- Task Durations
- Interdependencies
- Complex Relationships – Lags and Leads
- Milestones and Constraints
- Float
- Updating the Schedule
- Summary
- The Budget
- Fundamentals of the Estimating Process
- Types of Estimates
- Organization of Estimates
- The Budget
- Deconstructing the Estimate to Build the Budget
- Project Cost Report
- The Budget as a Management Tool
- Summary
- Integrating the Schedule and the Budget
- Schedule of Values
- Matching Cost Values to Tasks
- Planned vs. Actual Values
- Summary
- Calculating and Analyzing Progress
- Measuring Performance
- Units Completed
- Incremental Milestone
- Start/Finish
- Cost Ratio
- Experience/Opinion
- Weighted or Equivalent Units
- Earned Value
- Fixed Budget Approach
- Variable Budget Approach
- Choosing a Fixed or Variable Approach
- Schedule and Cost Performance
- Summary
- Analyzing and Reporting Variances in Schedule and Cost
- Understand Project Analyses
- Curves
- Tracking Gantt Chart
- Control Charts
- SPI and CPI Charts
- Causes of Variances
- Cost Variances
- Schedule Variances
- Variance Thresholds
- Root Cause Analysis
- Reporting Project Status
- Summary
- Recognizing Trends and Forecasting Performance
- Recognizing Trends
- Using Trends to Forecast
- Estimate at Completion
- Estimate to Complete
- Variance at Completion
- To-Complete Performance Index
- Project Percentage Analysis
- Summary
- Productivity
- Understanding Productivity
- Productivity Index
- Factors Affecting Construction Productivity
- Controllable Factors Affecting Productivity
- Uncontrollable Factors Affecting Productivity
- Recommendations for Improving Productivity
- Summary
- Acceleration and Schedule Compression
- Acceleration
- Actual Acceleration
- Constructive Acceleration
- Forced Acceleration
- Schedule Compression
- Time-Cost Trade-Off Analysis
- Time-Cost Trade-Off Concepts
- Recovery Scheduled
- Summary
- Resource Management
- Resources
- Resource Allocation
- Resource Management
- Resource Profile
- Splitting Tasks
- Material Management
- Material Management in Practice
- Summary
- Risk Management
- Components of Risk Management
- Risk Identification
- Risk Assessment
- Risk Response Plan
- Risk Response Control
- Risk Contingency Planning
- Contingency Plan Funding
- Probability Analysis
- Contract Modifications and Impact on Risk
- Summary
- Project Closeout
- Initiation of Project Closeout
- Objectives of the Closeout Process
- Contract Closeout
- Administrative Closeout
- Archiving Project Files
- Lessons Learned Meeting
- Lessons Learned Documentation
- Project Closeout Report
- Summary
- Appendix A Practice Review Questions
- Appendix B Answers to Practice Review Questions
- Index