RRM Archive
“DO YOU BELIEVE IT?” The Question to Ask in Every Cost & Schedule Report!
September 4, 2018
No Comments
I have been involved in different aspects of Project Control for over forty years, and one thing that has not changed is the pressure that Cost and Planning Engineers are put under to issue the weekly and monthly reports. One thing that I have learned however is that when you have produced the report, and
Key Factors To Consider In Project Cost Estimate Reviews
August 27, 2018
No Comments
Cost estimate reviews are necessary for any owner for design phase estimates to ensure there is no budget overrun later. Owners would like to confirm that their design goals are realistic, and they have adequate money in their estimate that will reflect the intended project scope. AACEI’s (Association for Advancement of Cost Engineering International)Recommended Practice
The ABC’s of the Planning & Scheduling Certifications
August 23, 2018
No Comments
Have you ever considered attaining a professional certification in Planning & Scheduling? Do you know of internationally recognized Planning & Scheduling certifications? Are you interested to know how you can become a certified Planner/Scheduler? This article will answer your questions about the project planning & scheduling certifications. I’m going to introduce you to various certifications
How to Assess the Accuracy of Your Cost Forecasts with TCPI
July 8, 2018
No Comments
How do you evaluate the accuracy of your cost forecasts? Watch this video to learn how you can use the TCPI metric to assess the feasibility of your cost forecasts. Download the free audio mp3 podcast of this episode on iTunes. Want more training? Subscribe to Project Control Academy to receive complimentary training videos and resources delivered to
Modeling and risk analysis of virtual project team through project life cycle with fuzzy approach – ScienceDirect.com
July 7, 2018
No Comments
Modeling and risk analysis of virtual project team through project life cycle with fuzzy approach ScienceDirect.com
Performance-Based Cost Forecasting (EAC/ ETC)
June 9, 2018
No Comments
What cost forecasting formula/ method do you use at every stage of your project? Check this video tutorial to learn what performance-based cost forecasting formula (EAC/ETC) is recommended at various stages of your project. Download the free audio mp3 podcast of this episode on iTunes. Want more training? Subscribe to Project Control Academy to receive complimentary training videos and
How to Forecast the Cost at Completion of a Project
May 29, 2018
No Comments
How do you forecast the cost at completion of your projects? There are various methods to cost forecasting. Check out this video to learn the “performance-based cost forecasting methods” using Earned Value Management. Download the free audio mp3 podcast of this episode on iTunes. Want more training? Subscribe to Project Control Academy to receive complimentary training videos and resources
Thanks for Your Participation in Forensic Schedule Delay Analysis Training
May 7, 2018
No Comments
April 27th, 2018 marked the completion of the first round of the Forensic Schedule Delay Analysis training. Chris Carson, a world authority in Forensic Schedule Analysis and one of the primary authors of AACE International 29R-03: Forensic Schedule Analysis recommended practice, conducted this comprehensive training in conjunction with Project Control Academy. I would like to
Essential Requirements For a Successful Project Controls Plan Implementation
April 29, 2018
No Comments
Project Controls Plan (PCP) is a well-defined documented Project Controls execution strategy that describes specific processes, procedures, systems, & tools used by the Project Control team throughout the project lifecycle. According to AACE® International RP No.60R-10, “ The use of a project controls plan is considered a leading indicator for assisting in the success of the delivery of the project. The time invested
How Top Down Estimation in Primavera P6 works
April 23, 2018
No Comments
In Primavera, there is a function called Top Down Estimation, which helps you calculate an estimated figure for Labor and Non-labor unit based on “estimation weights”. Top Down Estimation can be applied to both the WBS and Activity. I will show you how Top Down Estimation works in Primavera P6. Consider a simple project, where each activity is assigned the