The process of project control is the data-gathering, management and analytical procedures. The goal of project control is to make sure that all data gathered are analyzed and well communicated in order for decision makers not only to predict, but also understand time/cost outcomes.
Planning & Scheduling
The planning and scheduling phase of a project is essential in guiding its delivery. This process involves defining what needs to be completed, when it should happen or how long each task will take so as not put too much strain on resources at once– all while considering risk factors such as weather conditions that could cause delays if they’re not properly considered beforehand. We utilize industry leading Primavera P6 to develop Baseline Schedule, track time performance & generate meaningful reports on Project Timeline.
Earned Value Management
Earned Value Management (EVM) relies on the concept of Time Phased Baselines to ensure that projects are being planned and executed efficiently. The Earned Value Management system is a more accurate way to assess project financial status than simple comparisons of budget and actuals.
The three data points used in Earned Value Management are the
- Planned Value (PV)
- Actual Completion cost (AC)
- Earned Value (EV)
To stay within budget, it is important for project managers to have accurate planning and control over their expenditure. We have established a process and practice rigorous cost management technique to ensure our clients receive the most accurate and detailed understanding of their project financial status throughout project delivery.
Risk management is an essential and necessary part of any project or program. Risk can be identified, analyzed for severity (both potential and adverse), treated with a plan in place to monitor its progress throughout execution as well as communicated openly so that other stakeholders are aware at each stage what steps have been taken should risks increase significantly above expected levels
Projects are always at risk of ending in disagreement over time, money quality or scope. With delays, it is important to determine which party’s fault they truly are so that no one gets burned by an ugly truth. This has led many companies into using forensic planning – analysis of project facts with regards to who caused the delay on your job site? The terms “Delay Analyse” and ‘Forensic Plan’ usually go hand in glove when describing this process where experts look at what could have been done differently or why something took much longer than expected.”