Importance of progress S-Curve in Project Planning and Monitoring

 

 Importance of S-Curve in Project Planning and Monitoring

S-curve is a graphical representation of the cumulative costs, labor hours, or other metrics of a project plotted against time. The curve starts gradually, rises steeply as work is being done efficiently, and then flattens out as the project nears completion.

S-curves are used in project planning and monitoring for several reasons:

1- Visual Representation: They provide a visual snapshot of a project's progress over time, making it easier to understand and communicate project status to stakeholders.

2- Performance Tracking: By comparing the planned curve with the actual progress, project managers can quickly identify deviations and take corrective actions to keep the project on track.

3-Resource Management: S-curves help in tracking resource utilization over time, ensuring that resources are allocated efficiently and effectively throughout the project.

4- Budget Monitoring: They help in monitoring project costs over time, allowing project managers to manage budgets and avoid cost overruns.

5-Schedule Management: S-curves help in tracking project milestones and deadlines, ensuring that the project is completed on time.

Drafting the Tender

Drafting the Tender: How To Go About the First Tender Team Meeting

Once you have armed yourself with the knowledge of the requirements of the public body, you can then begin drafting your tender. You have to get your team ready so that they support you in achieving a winning bid. How to begin the process with the first tender team meeting is explained below.
The way you resource and prepare you tender response will play a crucial role in presenting the winning tender. You have to get everything organised and start a timescale diary once you get the ITT document. You then have to draft a timetable for the stages of your response and appoint somebody as Tender Manager.
The role of the Tender Manager is to assimilate the expert assistance from different teams and branches within your company. You have to make the Tender Manager understand his crucial roles, which are as follows:
* Make a decisive call about whether your company will tender or not. In case the decision is not to tender, then you must inform the client (public body) immediately.
* He has to build the Tender Team. He must choose and decide on the team of experts required to take on the task. He has to gather information from all suitable channels of your business, including input from your legal, production, commercial and sales teams. A smart decision is to include a person in the team who has dealt with the public body admin/client before and who has knowledge of the client. This knowledge can allow them to make an accurate assumption of any requirements the client feels are important. This information will give you an edge over other bids.
* For smooth and uninterrupted functioning, the Tender Manager has to check every Tender Team member’s holiday or leave dates. This is necessary to ensure that everyone is available to complete the tasks in the timescale required.
* Ensure that every member of the Tender Team has a copy of the tender document. They must have electronic copies as well as hard copies.
* The Tender Manager must work on the tender timescale diary.
* He must read and re-read the tender document. In case he feels the need for any references, then he must send off for these. You must keep logs of all such requirements and also make sure that he gets it in time.
First Tender Team meeting
Once the team is set, you then need to hold an initial agenda meeting. Through the meeting, you have to:
* Read the tender documents with your team.
* Think about the decision to tender. Go ahead or not?
* In the case of going ahead with the tender, you must distribute the different aspects of the tender to the most suitable members of your team.
* Make a note of everything in the tender log and then, according to the tender timescale diary, set up a second meeting date where the work done will be reviewed.
This first team meeting is important to help the members know and understand each other. Also, for further clarifications required after the first meeting, then either address them yourself or ask the client/public body for the answers.
Follow these practices to build as well as support your team through the entire drafting process. Prepare information presentations and share it with your team. Joint and well-planned efforts are needed to ensure that you enter the winning bid for public contracts and TED tenders.

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.
  • Graphing a P6 Resource S-Curve in Excel

    Step 1 – Export Primavera P6 Resource Assignments to Excel

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    Ways to Build a Cringe-Worthy Primavera P6 Schedule

    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

    Copyright 2002 by Ron Winter, Ron Winter Consulting LLC
    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.