Frequency of updating
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Turn-Around projects (25.000+ tasks, planning unit: hours) are usually updated atleast once a day. In our case, thougout the day, on finishing of the job. As soon as a job finishes, it gets progressed.
In the Daily Maintenance (+/- 6.500 tasks, 150 tasks on the dayplan, planning unit:hours) we update the project once per day at the end of the day.
Honestly Alan! Bipresh may not know that you are joking.
Schedule update periods obviously must be made in intervals greater than the planning unit (in this case, Days.) The interval should be often enough to notice deviation and allow for correction but not so often that you are doing nothing more than statusing the project.
Rules of thumb also state that an activity should not be in-progress over two updates (although there are always exceptions.)
A majority of construction projects that are monitored in planning units of Days use a monthly update cycle to correspond with the progress payment cycle. If you have to note progress status for payment, you might as well note if for scheduling as well.
Some projects are statused every two weeks. A few projects (normally being overseen by the General Contractor and not an outside CM) monitor status weekly.
Good luck!
At least every 2 hours !!