RRM Archive
How to Forecast the Cost at Completion of a Project
May 29, 2018
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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
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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
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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
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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
Challenges of a Cost Estimator’s Job
March 28, 2018
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If anyone asks, ‘What do you like the most about being a cost estimating professional?”, An owner’s cost estimator might say ‘the cost estimator plays an important role in an owner’s budgeting efforts for different projects.’ A cost estimator working for a consulting firm might say ‘In addition to supporting an owner’s budgeting efforts, the cost estimator is able to provide cost solutions to their clients’. Cost estimators working for contractors might say ‘they play a key role in
Top 10 Tips From A World-Class Authority In Project Controls
March 28, 2018
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How to become a world-class authority in project controls and get to the top of your field? This is the question I was eager to know the answer from someone who has already reached to the top in Project Controls and is arguably one of the most successful individuals working in the Project Controls field
Tracking risks through design: CSI Academy preview – Construction Specifier – The Construction Specifier
March 27, 2018
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Tracking risks through design: CSI Academy preview – Construction Specifier The Construction Specifier
Project Controls Plan Components
March 17, 2018
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Have you ever been assigned to a project and were asked to develop a project related procedure, report, or presentation, but didn’t know exactly how? Wouldn’t it be easier if you were given the structure and elements of your project report or procedure? Watch the video below to learn the Project Controls Plan components, so next
What Kind of a Plan is a Project Controls Plan?
February 24, 2018
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Have you ever been assigned to a project, where each member of a team had the same perspective of how Project Controls should be conducted in the project? Have you ever experienced working in a project where there was a well-established Project Controls execution strategy in place? Your answer is probably “No,” isn’t it? The
(PDF) Introduction of a new metric “Project Health Index” (PHI) to successfully manage IT projects – ResearchGate
February 21, 2018
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(PDF) Introduction of a new metric “Project Health Index” (PHI) to successfully manage IT projects ResearchGate