The development of CPM Scheduling capabilities in organizations, simultaneously with the application of information management systems, allows enterprise team to work in partnership in defining plans and managing take-to-market projects by synchronizing team-oriented tasks with efficient resource allocations.
The Critical Path Method (CPM) is an algorithm for scheduling activities within a project. This method is best used within the project scheduling phase and it basically requires to construct a model of the project that includes:
The Break down the project into smaller components (WBS- Work Breakdown Structure)
The list of activities needed to complete the project
The duration estimates for these activities
The dependencies between the tasks.
The critical path is represented by all the tasks that determine the end date of the project. It will help determine the impact of the delay of any of tasks on the project final completion. The critical path methodology is simply a technique to identify all the tasks that will directly impact the project end date.
Prebid schedules are being created by the contractor in order to understand fully what the client wants to achieve. Everything must be disclosed in order for the process to succeed: Budgets, Design Ideas, Location, Timeline, etc. It iѕ very important for the client to understand that everything associated with the project must be openly shared with the builder at this point.
This prebid schedule consists of essential information for the client assembling the contractor’s cost and timeline estimate, it is therefore an essential tool being used in determining an estimate for the construction duration, critical path items, and to identify major milestones.
Given that stakeholders will generally want regular updates and status reports, a project status report is a snapshot of the status of the project at and it consists of actualizing the baseline with current project information, details on milestones, tasks (completed, active and tasks at risk or off/track), risks, requests, issues, bugs and timesheet reports.
The look-ahead analysis is an efficient analytical tool in all phases of project management as it encompasses all activities that are scheduled to occur within a given period of time. It helps the team get ready and plan for the next period of time and better plan their resources.
RESOURCE & COST LOADED SCHEDULES
The inclusion Cost/Resources to schedules helps loads physical resources into the project schedule such as labor, capital equipment, facilities, and materials and as such making decisions about capacity is then incorporated into the scheduling process. It is a methodology that encompasses resource loading, resource leveling, and time analysis (critical path) all in one dynamic schedule.
Moreover, it involves the prioritization of task activities based on resource utilization strategies, determination of resource availabilities, and the utilization of alternate resources, after evaluating a resource-loaded schedule, it will help determine if the planned approach, schedule, and project cost are all feasible.
SCHEDULE FORMAT CONVERSION
As there are different scheduling Programs, there is a need to communicate between different scheduling softwares. Projecs offer the conversion between Primavera P6, Sure Track, P3 and Microsoft Project,
The duration of contract performance has a direct effect on the profitability of construction projects from the perspective of all stakeholders. For project owners, lost profits or benefits stem from being unable to make use of the project at the agreed date whilst to the contractor, extra cost will be incurred due to prolonged stay on site. Projects often suffer from delays due to a wide variety of reasons which can have severe financial impact on the project. These reasons could be results of actions from:
Acts of God
Comprehensive delay analysis is prepared to oversee the liabilities for encountered delays, determine the extent of impact, and entitlement for time extension or cost reimbursement. The objective of delay analysis is to calculate the project delay and work backwards to try to identify how much of it is attributable to each party (contractor, owner, or neither) so that time and/or cost compensation can be decided.
Estimating is a critical part of project planning, involving a quantitative estimate of project costs, resources or duration. In order to have a reasonable estimate of the project, the project manager needs to have a Work Breakdown Structure of the activities needed to deliver the scope of the project and real estimates of the time each of those tasks need to be done.