What the DMCA’s New ‘Data Driven Metrics’ Means for You
8 years 3 weeks agoDid you know that the Defense Contract Management Agency (DCMA) is well on its way to implementing new methods for verifying the health of the projects and programs it monitors? This means major changes to current project management and reporting processes for government contractors of all sizes.
On one hand, DCMA’s new methods mean additional scrutiny and higher surveillance. But
Why your Project Team must be Commercially Aware
8 years 3 weeks agoMany years ago I worked on an EPCM project for a major Tier 1 client. Like most companies we were always told that we had to keep the client happy. Client satisfaction was key! One particular young engineer took this to heart. If the Client’s team wanted some minor design change he was happy to oblige, after all they were the Client. The trouble was, once the
Project Controls vs Project Accounting - What's the Difference?
8 years 3 weeks agoIn my career, I've worked across multiple industries and companies and one thing that stands out is the confusion surrounding the function of Project Controls and what it is meant to achieve. There are Project Accountants, administrators or finance personnel who “do a bit of Project Controls” however, they are actually just producing monthly project financial reports, invoices and cash
Earned Value – A Simplistic Explanation
8 years 4 weeks agoOver the years I have seen many articles, discussions and questions about Earned Value Management (EVM). What is it, how valuable is it as a management tool, how do you use it? Often the explanation can be quite complex. As is usual for experienced project managers or project cost practitioners we often talk in technical terminology. Terms such as Cost Performance Index (CPI), Cost
Problems with scheduling practice
8 years 4 weeks agoThis post will briefly look at the three major problem areas affecting scheduling practice:
- The first is most organisations and managers simply choose to ignore the project schedule, in part because they have never worked with a good schedule produced and maintained by an effective scheduler (they don’t know what they are missing) and in part because of lax governance from the
How to Level Resources / Resource Leveling without changing Project Finish date in Primavera P6
8 years 4 weeks agoNormally when we Level Resources, Primavera will delay an activity so that Resource is not overloaded. It can make Project Finish date delay.
How can we make Project Finish date not delay? I’ll explain in this article.
We have a simple project with 2 activities assigned Resource A and 2 activities assigned Resource B.
How does “Top Down Estimation” in Primavera P6 work?
8 years 5 weeks agoIn Primavera we have a function called “Top Down Estimation” which help us to calculate an estimated figure for Labor and Non-labor unit based on “estimation weights”. It can apply to WBS and Activity.
I will show you how to do it.
We have a simple project and each activity is assigned the resource “Test”. By default each activity will have 40 units.
