Project control provides the systematic pathway for monitoring, analyzing forecasting and controlling the projects. Project control is a proactive approach rather reactive. Similar to other project management components, Project control plan ought to be produced and actualized.
For a thief, a good security system is a threat. To a security guard, that same system is an opportunity to lessen the risk of robbery and to increase the chance of catching the thieves.
A person’s perspective depends on which side of the fence he is sitting on. With that in mind, a risk can be a threat or an opportunity. Your business sees a threat and your competitor sees an opportunity. It is as simple as that.
Black swan events are so fascinating that they are a common source of discussion in many risk management forums. The variety of perspectives coming from all directions never ceases to amaze. Understanding black swans can help planning and professionals appreciates planning risks, perhaps make a more intelligent forecast.
Why is it that many organisations look to solve problems by finding a new program/tool without looking at the fundamentals of the problems they are trying to solve? I’ve been at the forefront of many Project Delivery and Project Controls program implementations and there are some very good tools out in the marketplace. However from experience it is rare to see one that has been implemented fully and successfully to its full capabilities. Surely, with the quality of programs and resources out in the marketplace it should be a simple matter to implement a new tool within an
Risk communication is required and crucial to keeping Stakeholders in the loop regarding project health and progress. It is arduous to please higher management and other Key Stakeholders by communicating nebulous (vague) project Risk status.
As we discussed last time, the resource-loaded schedule represents a project manager’s most valuable tool for understanding and controlling the time and money requirements on any given project. With a continued focus on schedule importance, this article seeks to understand the correlation between schedule pressure and safety performance. More specifically, does a protracted or compressed schedule contribute to an increase in recordable injuries, near misses or safety incidences?
Unfortunately many construction projects are completed late. Invariably this negatively impacts the contractor’s reputation and costs both the contractor and their customer money. Often the contractor has to pay penalties for finishing late and they incur additional costs to remain longer on the project. The customer receives access to their facility late and usually faces additional costs for supervising the project for a longer period.
A well prepared schedule which is regularly updated allows us to detect early when a project is running late.
The Standish Grouphas published its annual CHAOS Report on the state of software development since 1994. The Report is often cited as a key metric for the industry's performance and progress. The yearly update draws much attention.
Has your project been delayed by bad weather?