controls&earnedvalue

controls&earnedvalue - Project Controls Outline...

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Project Controls Outline Schedule of Values Cash flow basics Earned Value calculations
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Project Controls Once we have a schedule, we have an activity centric way to manage the project Track actual progress vs predicted CASH payments, variances Resources Simulate to predict problems CASH forecasts Stochastic (random methods) Resource leveling
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Control Baselines Baseline: establishes the goals for the project and allows management to measure how well the project is proceeding and what the result will be Cost baseline: estimate Time baseline: schedule
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Cost and Resource Loading ES Procure Forms # EF LS LF Dur. Float Add cost and resources to activities. Duration already there. if duration and crew, can compute productivity 13 Forms Conc. 3 45 16 13 16 3 0 18 Procure Forms 55 19 18 19 1 0 3 carpenters $3567 labor $1250 material $ 0 equipment $ 500 $5317 $0 labor $0 material $ 0 equipment $ 500 $ 500
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Schedule Control
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Resource Histogram
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Cost Control
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Schedule of Values Gould & Joyce: “A schedule of values curve is the cost- loaded schedule that projects the value of work that is planned to be invoiced at the end of each payment period. This is prepared in advance of construction and submitted to the owner for approval.” Consists of: A payment schedule A schedule of activities, each with dates and cost (to owner )
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Sample Schedule of Values Curve
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Retainage: This is cost minus holdback from contractor. eg. $100 payment minus 10% retainage
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controls&earnedvalue - Project Controls Outline...

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