One of the hardest things to do is to stop wasting money and resources on a losing proposition, emotions, biases and focusing on simple but irrelevant measures can all lead to bad decisions. A proper consideration of ‘sunk costs’ can help eliminate ...
What if you have carefully planned a project, and skillfully designed its construction, but your contractor does not have the capability to perform the work in a quality manner? That is a risk to your project. The PMI diagram only used to refer to th...
The odd one outIf you regularly drive to work, you’ll probably be all too familiar with roadworks. From your experience, which of the pictures below seems unusual?[[wysiwyg_imageupload:2348:]] Picture 3? It’s rare to see activity. From my car window,...
As I observed working at different international power plant construction project over the world, the huge amount of human mistakes is significantly grows from one project schedule update to another during the whole project lifecycle from kick-off me...
[[wysiwyg_imageupload:2364:]]This is part blogs series about Portfolio Management, the discipline of managing which projects you do and which you don't.So far we have observed that:Most organisations have a portfolio of projects that is profiled by ...
The way PMI deals with risk in the PMBOK® Guide is simplistic. Calculating the effect of one risk using the suggested probability x severity calculation provides one value. For example, if there is an 20% probability an estimate is under valued by $...
Project failure rates have remained steady for at least the last 30 years. Books’ Law was published in 1975[1], Cobbs Paradox was coined in 1995[2], project training and certifications have increased exponentially in the last decade, but projects are...
As planners we use numbers every day of the week but how real are they?In the western world, numbers in the form we know and use today appeared in the 13th century when Leonardo Pisano Bigollo (c. 1170 – c. 1250), known as Fibonacci an Italian mathem...
In 2014, the enterprise software for operating systems across the desktops of a large Aerospace & Defense company was being upgraded from XP to Windows 7. While the upgrade was beneficial from a company-wide technology perspective, it effectively ma...
It was almost midnight. Our 3-hour trip from Budapest through Frankfurt to Milan was now a 10-hour adventure. Our bags were coming off the luggage carousel completely soaked. My eyes were dry and uncomfortable. And, I realized I ignored the funda...
We have a Primavera schedule with actual data. Now we want to remove the actual so that we can have an As-Planned schedule.I will show you how to do it in this article.We have a simple project with actual data.First we go to Project window -> Calcula...
FREE WHITE PAPER: TOP TEN PREREQUISITES OF A SCHEDULE BASELINEWe all want a reliable project baseline for all established processes to work well. The official schedule baseline gives the project a good line of sight to what it wants. Having a good ba...
is sans-baseline becoming de riguer? - a rhetorical question.CPM baselines are snarky by nature. Many project teams regard them as ends in themselves: issued preliminarily, and then discarded, as opposed to “that to which all that follows shall be co...
Stakeholders struggle mightily with the definition of the terms baseline, recovery,mitigation, and completion schedules, and how they differ from one another. That is most unfortunate for CPM schedulers who invariably are handed client directives tha...
The central focus of construction project schedules is invariably on the build-out trajectory, or more specifically, the builder’s work and responsibilities. Despite design deliverables residing squarely within the critical path, they are seldom adeq...
"Out of the Ivory Tower, and into the Trenches: is the building industryever receptive to new technologies before they are outdated?Google has recently begun making its long anticipated self-3D mapping software Project Tango, available to developers ...
Designers will forced to begrudgingly collaborate with builders in program coordination: they will sink or swim in these unchartered waters.Despite the hype - such as that which I brought to light in McGraw Hill’s skewed Annual BIM Survey, there soon...
Primavera support you to control project performance by Earned Value Management technique.I will show you how to use it in Primavera.We have a simple project to finish casting 10 column.1 column / day.100 $ / columnEach activity is assigned resource ...
Mind Map is a graphical and pictorial illustration of the interrelated ideas for a common goal or objective. It truly makes its mark for empowering imagination to produce new theme of ideas. Mind Mapping drives people, with a multi-dimensional approa...
Why Projects Fail-a primer on mass mismanagemnetStatistics cite chronic and epidemic delay and overspend in the building industry is only getting worse over time. Naturally, the bigger the headache, the bigger the pill, and the Olympic Games are a ho...