Rethinking Earned Value Schedule Management On Construction Projects

Download or read book Rethinking Earned Value & Schedule Management on Construction Projects written by J. Gerard Boyle and published by FriesenPress. This book was released on 2021-12-17 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an essential, groundbreaking book for public and private buyers of construction, contractors and sub-contractors, designers, project managers, lawyers, Earned Value specialists, forensic claims analysts, schedulers, dispute resolution experts, academics, and anyone interested in improving performance and productivity on construction projects. Among the topics discussed are the following: - Exhaustive critique of existing Earned Value analysis that compels changes to current theory and practice - New Earned Value analytics for construction, integrated with resource-loaded CPM schedules represent a paradigm change - Worked examples of resource-loaded CPM schedules using the new EV Performance analytics - Identification of reliable performance thresholds for progress, productivity and resources - Understanding the interconnection of progress and productivity and performance patterns over time - How to create meaningful, resource-loaded, CPM schedules - Analyzing schedule float in concert with the new analytics - Why current cause and effect delay analysis is fundamentally flawed because it ignores root causes - Why delay claim analysis must always account for productivity - The problem common to all contract delivery methods and how to correct it - Why construction projects fail - Specific steps in creating a successful construction program - Game theoretical & other approaches to implementing a performance-based system - Using commercial dispute resolution to contemporaneously resolve claims and improve performance going forward - The importance of probabilistic (Monte Carlo) schedule analysis & problems with current practice

Download or read book Value Management of Construction Projects written by John Kelly and published by John Wiley & Sons. This book was released on 2014-11-17 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value Management is a philosophy, set of principles and a structured management methodology for improving organisational decision-making and value-for-money. The second edition builds on the success of the first edition by extending the integrated value philosophy, methodology and tool kit to describe the application of Value Management to the areas of service delivery, asset management, and, Programmes, in addition to Projects, products and processes. Value Management is a well-established methodology in the international construction industry, and in the UK has been endorsed as good practice in a range of government sponsored reports. In this book the authors have addressed the practical opportunities and difficulties of Value Management by synthesising the background, international developments, benchmarking and their own extensive consultancy and action research experience in Value Management to provide a comprehensive package of theory and practice. The second edition retains the structure of the first edition, covering methods and practices, frameworks of value and the future of value management. It has been thoroughly updated, and a number of new chapters added to encapsulate further extensions to current theory and practice. In particular, the new edition responds to: A range of recent UK industry and government publications; and most notably BS EN 16271:2012 - Value management: Functional expression of the need and functional performance specification; the imminent update of BS EN 12973:2000 Value Management; BS EN 1325 Value Management -- Vocabulary, Terms and definitions; the changes to "Value for Europe" governing the training and certification of Value Management in European Union countries; the UK Government’s Management of Value (MoV) initiative, together with other leading reports, international guidance and standards on Value Management. Research in Value Management undertaken since publication of the first edition. Changes in Value Management practice particularly in Programmes and Projects. Developments in the theory of value, principally value for money measures, whole life value option appraisal, and benefits realisation. Initiatives in asset management initiatives covering the management of physical infrastructure, for example the recent launch of a suite of three standards under the generic title of BS ISO 55000: 2014 Asset Management, and its predecessor BSI PAS55 2008 "Asset Management: Specification For The Optimized Management Of Physical Assets" The second edition contains a dedicated chapter of exemplar case studies drawn from the authors' experience, selected to demonstrate the new areas of theory and practice. An Appendix includes an extensive set of tools and techniques of use in Value Management practice. Construction clients, including those in both the public and private sectors, and professionals such as construction cost consultants, quantity surveyors, architects, asset managers, construction engineers, and construction managers will all find Value Management of Construction Projects to be essential reading. It will also be of interest to researchers and students on construction related courses in Higher Education -- particularly those at final year undergraduate and at Masters level.

Download or read book Redefining the Basics of Project Management written by Mounir A. Ajam and published by AuthorHouse. This book was released on 2014-04-01 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is to introduce the readers to an effective project management methodology, a systematic approach for managing projects. Through the methodology and book, the author is attempting to bridge some of the gaps in the practice of project management that exists today; gaps created by numerous factors and challenges facing the dynamic and exciting field of project management. The book starts with setting the scenes and addressing the current challenges and opportunities for growing project management as a strategically vital domain for all types of organizations, in the public and private sector, for projects pursued for profit or not for profit, small or large, simple or complex. This book provides a comprehensive explanations of a project management methodological approach, its critical concepts, and how to apply this methodology on a diversity of projects. The Customizable and Adaptable Methodology for Managing Projects (CAM2P). CAM2P is the methodological approach developed by the author in 2007-2008 and has been using since that time on internal and clients projects. The author will also explain and demonstrate how to integrate, effectively, highly valuable concepts from the PMBOK Guide (the process groups and knowledge areas) with a project life span approach, such as what CAM2P offers. In this book, the author provides steps to apply effective project management and offer readers with an outcome-based learning environment, where one can apply the discussed concepts on their projects for immediate and lasting benefits. The author emphasizes that to learn any project management methodology, the learners, must apply the learned concept on real projects, and this book will guide them as they move along the project life span from idea to closure.

Download or read book Construction Cost Management written by Keith Potts and published by Routledge. This book was released on 2014-01-23 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in construction cost management across the building and civil engineering sectors, both in the UK and overseas. Best practice from pre-contract to post-contract phases of the project life-cycle are illustrated using major projects such as Heathrow Terminal 5, Crossrail and the London 2012 Olympics as case studies. More worked examples, legal cases, case studies and current research have been introduced to cover every aspect of the cost manager’s role. Whole-life costing, value management, and risk management are also addressed, and self-test questions at the end of each chapter support independent learning. This comprehensive book is essential reading for students on surveying and construction management programmes, as well as built environment practitioners with cost or project management responsibilities.

Download or read book Construction Project Scheduling and Control written by Saleh A. Mubarak and published by John Wiley & Sons. This book was released on 2015-03-04 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bad scheduling can doom a construction project from the start Construction Project Scheduling and Control provides a comprehensive examination of the analytical methods used to devise a reasonable, efficient, and successful schedule for construction projects of all sizes. This updated third edition contains new information on building image modeling (BIM) and its relationship to project scheduling and control, as well as thorough coverage of the latest developments in the field. Written by a career construction professional, this informative text introduces students to new concepts in CPM scheduling, including the author's own Dynamic Minimum Lag technique. The expanded glossary and acronym list facilitate complete understanding, and the numerous solved and unsolved problems help students test their knowledge and apply critical thinking to issues in construction scheduling. A complete instructor's manual provides solutions to all problems in the book, test questions for each chapter, and additional exam questions for more comprehensive testing. The entire success of a construction process hinges on an efficient, well-thought out schedule, which is strictly defined while allowing for inevitable delays and changes. This book helps students learn the processes, tools, and techniques used to make projects run smoothly, with expert guidance toward the realities of this complex function. Discover realistic scheduling solutions and cutting edge methods Learn the duties, responsibilities, and techniques of project control Get up to date on the latest in sustainability, BIM, and lean construction Explore the software tools that help coordinate scheduling Scheduling encompasses everything from staff requirements and equipment needs to materials delivery and inspections, requiring a deep understanding of the process. For the student interested in construction management, Construction Project Scheduling and Control is an informative text on the field's current best practices.

Download or read book Sustainable Value Management for Construction Projects written by Ayodeji E. Oke and published by Springer. This book was released on 2017-03-16 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a unique guide to value management and sustainability in construction to researchers and professional. The book provides a better understanding of the concept of value management, the basis of sustainable construction and thereafter, demonstrates how using the principles of value management can help to achieve successful construction projects that are financially viable, socially beneficial and do not damage the environment. The book serves as an introduction to value management for scholars and researchers at all levels; and also as a practical guide for construction professionals, employers and other stakeholders in the construction industry.

Download or read book Cost and Value Management in Projects written by Ray R. Venkataraman and published by John Wiley & Sons. This book was released on 2011-08-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost and Value Management in Projects provides practicing managers with a thorough understanding of the various dimensions of cost and value in projects, along with the factors that impact them, and the managerial approaches that would be most effective for achieving cost efficiency and value optimization. This book addresses cost from a strategic perspective, offering thorough coverage of the various elements of value management such as value planning, value engineering and value analysis from the perspective of projects.