PROJECT MANAGEMENT: 2015

DELAY ANALYSIS METHODS FOR CONSTRUCTION PROJECTS

Delay is one of most common problems in construction projects resulting in construction disputes and claims. Basically delay is the time overrun either beyond the completion date specified in the contract or beyond the agreed-upon date for delivery of the project. Most large projects are completed later than these agreed-upon dates for a number of reasons. These delays can have severe financial impact on the project. Basically delays are a net loss situation: All the parties lose one way or the other and there are no real winners. Reputations are at stake as well.

Simple method to work on Delays Time Impact Analysis

What is Time Impact Analysis?

Time Impact Analysis is a method of calculating the delay to a project based on the delay to project completion. It is normally associated with being a best practice method for assessing a single delay on the critical path of a project schedule that is in progress. The analysis looks to compare the schedule pre-delay to the schedule with the delay included. It looks to calculate the duration variance between the two schedules to provide the contractor with a basis for estimating the delay impact. Time Impact Analysis is best used to calculate delays looking forward rather than back, other methods such as As-Built But-For (ABBF) can be more accurate for calculating retrospective delay.

Step 1 – Export Primavera P6 Resource Assignments to Excel

1. Link Only Half of Your Activities Together

Imagine trying to send an email from a computer that is not connected to the network. Nowadays, if it’s not connected, your PC isn’t doing much good. Now imagine a project schedule with 450 activities that have no predecessor or successor relationships. Same idea.

Monte Carlo 101: How Monte Carlo Schedule Simulations Work

The term Monte Carlo Simulation just has that aura and feel about it…… it sounds complex. But in reality it’s not as complex as we think. Let’s see if we lay it out for you in straightforward terms.

70 Project Scheduling Terms That Every Planner Needs To Know

Project Scheduling terms every planner should know for smooth sailing – check out the glossary below to brush up on your terms.

If you have any terms that are essential and not listed – feel free to leave a comment below with the term and definition.

Resource & Costing in Primavera

Fundamental Logic of Cost Calculation

Project Planning & Management softwares are strictly adhere with mathematical formulas and Concepts. All logics are strongly driven by basic fundamental concepts. These concepts are ideal. Just here we are going to know few main Logics & Formulas behind the relationship of Time, Resource & Cost.

It’s obvious that any project / activity must have definite start & definite finish. It must have definite time frame because it has to fulfill the minimum criteria of ‘definition of the project’.
The Cost of the project is mostly depends on how quickly the project should be delivered. Cost is linked tightly with time.

To complete the Project / Activity on time we must know the answer for the following two questions that questions, what are the resources required? & what is the productivity of the resource?

"Checks and Balances: Baseline Schedule Review"

"Checks and Balances: Baseline Schedule Review"

Presented at the 2002 Primavera Users Conference

October 22, 2002

The Importance of a Good Baseline Schedule

Good and timely Baseline Schedules are extremely important to a successful construction project. The acceptance of a Baseline Schedule legally constitutes an amendment to the basic contract. It is possible to wave contractual requirements just by allowing items in the Baseline Schedule that contradict what is specified in other documents. On the other hand, the Spirit of Partnering requires that you not arbitrarily reject a schedule just because of minor, inconsequential deviations from the specifications.

How to Develop Procurement Progress Calculation Sheet Using Excel

In EPC project, procurement progress calculation sheet is required to monitor the procurement status. Once the procurement phase commences, the status is tracked and monitored closely. Followings are a guide to develop and update procurement progress data.

Steps to develop Procurement Progress Data

1) Understand the terms and confirm procurement work steps and weight factors for equipment work category

Not Yet Start -0%
Inquiry Issued to Bidders -10%
Tender Evaluation and Client Approval -5%
Purchase Order Placement to Vendor -10%
Received Key Vendor Drawings -5%
Approved Key Vendor Drawings -5%
Fabrication (50%)
Final Inspection Finished -5%
Ex-Work -5%
Delivery at Site -5%

Create a second income source safe and easy!

No one can deny the fact that we all looking for second income source. However, since we are Planning Engineers, we should play it smart. The second source of income I am proposing now is smart and not involving too much working hours, just few hours per week for follow up.

I believe in the theory of working smart return much more than working hard. So, here is my working strategy for the second income:

Method Of Statement SAMPLE For Marble Stone Installation

Summary: This Method of Statement applies to the following;

Marble Flooring
Marble Stair Treads and Risers
Marble Bases
Marble Threshold

Extension of Time (EOT) Terms and definitions

It is important to understand the different terms and definitions associated with delay analysis and Extension of Time (EOT). Whether you are preparing a contractual letter for An EOT or you need to understand the EOT terms, the following Extension of Time (EOT) Terms and definitions worth reading.

Export data from primavera p6 to excel

Very fast and simple method to export data from primavera to excel, Actually it is the fastest and easiest method i know so far.

Step No. 1:

Open your P6 file and apply all the filters and columns you want to see in excel

Fastest method to export data from primavera p6 to excel Step 1

FOLLOW THESE SIMPLE 14 STEPS AND DOWNLOAD GANTT CHART TEMPLATE AT THE END OF THIS POST.

NEGATIVE FLOAT IS ANNOYING PROBLEM IN ANY TIME SCHEDULE, I WILL TELL YOU HOW TO AVOID THE NEGATIVE FLOAT IN A PRIMAVERA TIME SCHEDULE BY APPLYING THESE SIMPLE STEPS.

Project Management Acronyms

Project Management Acronyms

Cash flow could be created by primavera 6 version 7 using the reports section, However i found primavera 6 v7 reports are not very clear that every one can do it simply, Therefore we are going to see step by step how to create planned values and earned values using primavera p6 v7 reports.

My Top 10 Recommended Web Sites for Free PMP Exam Sample Questions

After eight years as a project management trainer, I have helped more than 20,000 students prepare for their Project Management Professional (PMP)® Exam. In my experience along the way, I’ve found one thing that unites them all: They all want to practice with free PMP Exam sample questions.
In an effort to help, I have identified 10 web sites that offer free PMP Exam sample questions. I recommend each of them for the quality of their questions.

PROJECT MANAGEMENT