Getting the Best Value for your
Building Dollar

            How we can help!

                    Abhi Basu
             ...
Introduction

    Basu Technology, Inc.


    Small and Focused


    SDBE / MBE


    Expert Team





              ...
Background

    Over 30 years of experience working on

    major capital expansion programs in the
    region
    Experi...
Project Experience

    Columbia University


    Princeton University


    AT&T


    Brookhaven National Labs


   ...
What we provide

    Top down look from the Owners Viewpoint


    Objective advice


    Subject Matter Expertise


  ...
Our Mission

    Empower the Owner with Critical Information

        To make better decisions
    

        To be proac...
Services

    Project Audit, Process Audit


    Project Monitoring & Peer Reviews


    Risk Management


    BIM Impl...
Industry Observation

    An Owner can be his/her own worst enemy


    Owners have the ability to set the tone for

   ...
Cost & Schedule Overruns

    Owners identify main causes to be:

        Incomplete drawings
    

        Poor Pre-pla...
Program Governance –
What Owners Can Control
    Opportunities and Choices

     30% cost & schedule difference

     P...
Improving Program Governance

    Identify total scope and stake holders


    Create comprehensive framework for

    p...
Creating a Framework for Planning, Executing
& Reporting
    Framework Components

         Comprehensive Scope Document
...
How we can help …

    Supplement your in-house staff with expert

    knowledge and skills
    Help set up your Program ...
Specific Areas

    Scheduling / Peer Reviews


    Project Monitoring / Audits


    Risk Management


    Claims Anal...
Implementing Technology

    Project Management and Project Control

    Software
    BIM


    4D Scheduling


    Tra...
Supporting Slides


                                       16
      (C) Basu Technology, Inc. 2008
Construction Cost-Project Cost-Life Cycle
Cost
                        Building First Costs

                             ...
Project Delivery Phases –
Cost of Making Changes


                                      Conceptual   Schematic     Design...
Front-End Planning




                                                  A change
                                        ...
Savings attributed to thorough concept
definition
    Study Sample – 62 projects (CII)


    Metric – Final TPC / Estimat...
Owners Fail to Track
Total Project Scope
    Only part of the scope

    is tracked in project
    metrics




          ...
Mismatches in Cost Scope and Schedule
Scope




                                                22
               (C) Basu...
(Mis)Alignment of Responsibilities

    Bilateral Contracts in a multi-lateral

    framework
    Stakeholder participati...
Major Players causing Project
Delays/Overruns
     Factors Causing Cost / Schedule Overruns


                            ...
Cost of Rework

    Project rework costs average 12.4% of TPC

        80% caused by Errors & Omissions in Design
    
 ...
Cost and Schedule Savings with BIM




                                              26
             (C) Basu Technology, ...
27
(C) Basu Technology, Inc. 2008
Seeking to be a member of your core team

          Basu Technology, Inc.
                 Abhi Basu
     E-mail: abhibasu...
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Project Management Consulting Services

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Project Management Consulting services

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Transcript of "Project Management Consulting Services"

  1. 1. Getting the Best Value for your Building Dollar How we can help! Abhi Basu Basu Technology, Inc. abhibasu@basutech.com 856 245 9082
  2. 2. Introduction Basu Technology, Inc.  Small and Focused  SDBE / MBE  Expert Team  2 (C) Basu Technology, Inc. 2008
  3. 3. Background Over 30 years of experience working on  major capital expansion programs in the region Experienced in all facets of project delivery  cycle Geared specifically to Facilities Construction  Working only with Owners  3 (C) Basu Technology, Inc. 2008
  4. 4. Project Experience Columbia University  Princeton University  AT&T  Brookhaven National Labs  Rutgers University  Others  4 (C) Basu Technology, Inc. 2008
  5. 5. What we provide Top down look from the Owners Viewpoint  Objective advice  Subject Matter Expertise  Technology Implementation  5 (C) Basu Technology, Inc. 2008
  6. 6. Our Mission Empower the Owner with Critical Information  To make better decisions  To be proactive  Save cost and time  Manage Risks  6 (C) Basu Technology, Inc. 2008
  7. 7. Services Project Audit, Process Audit  Project Monitoring & Peer Reviews  Risk Management  BIM Implementation  Set Up and Training  Project Controls  Metrics  Process  7 (C) Basu Technology, Inc. 2008
  8. 8. Industry Observation An Owner can be his/her own worst enemy  Owners have the ability to set the tone for  each project and the potential for a successful outcome for all stakeholders FMI – CMAA 5th Annual Survey of Owners 8 (C) Basu Technology, Inc. 2008
  9. 9. Cost & Schedule Overruns Owners identify main causes to be:  Incomplete drawings  Poor Pre-planning process  Escalating cost of Materials  Lack of timely decisions  Excessive change orders  FMI – CMAA 5th Annual Survey of Owners 9 (C) Basu Technology, Inc. 2008
  10. 10. Program Governance – What Owners Can Control Opportunities and Choices   30% cost & schedule difference  Project vs Program, Life-Cycle Costs  Standards Scope   Ancillary Scope, Scope Creep, Dark Scope Alignment   Scope, timing, stakeholders, contracts Organization   Delivery, Change Control, Communications Metrics & Reporting   Making business sense 10 (C) Basu Technology, Inc. 2008
  11. 11. Improving Program Governance Identify total scope and stake holders  Create comprehensive framework for  planning and executing Create standards, establish gating  Align multiple projects and processes  Set up metrics and reporting on Owner needs  Monitor and audit  11 (C) Basu Technology, Inc. 2008
  12. 12. Creating a Framework for Planning, Executing & Reporting Framework Components  Comprehensive Scope Document  Enterprise Project Structure  Organization Breakdown Structure  Project Work Breakdown Structure  Processes  Reporting  Milestones & Metrics  12 (C) Basu Technology, Inc. 2008
  13. 13. How we can help … Supplement your in-house staff with expert  knowledge and skills Help set up your Program Management  Office Immediate ramp-up of critical scoping,  planning, scheduling, risk management and communications tasks Help streamline your project delivery process  for maximum benefits Provide the infrastructure and tools to take  full advantage of information technology 13 (C) Basu Technology, Inc. 2008
  14. 14. Specific Areas Scheduling / Peer Reviews  Project Monitoring / Audits  Risk Management  Claims Analysis  BIM for Owners  14 (C) Basu Technology, Inc. 2008
  15. 15. Implementing Technology Project Management and Project Control  Software BIM  4D Scheduling  Training  15 (C) Basu Technology, Inc. 2008
  16. 16. Supporting Slides 16 (C) Basu Technology, Inc. 2008
  17. 17. Construction Cost-Project Cost-Life Cycle Cost Building First Costs Project first costs are only about  Financing / Legal / 15% of Life Cycle Costs Insurance 100 22 Land 10 80 8 For every dollar of First Cost  6 Furnishings 60 additional 5.67 dollars are spent AEC 40 54 20 over the Building Life Cycle Construction 0 1 Dispose Building Life Cycle Costs le yc e ec us Re /R Renovations De 20 si g 100 Financial / Legal n Renewal 15 80 Taxes 17 Maintenance 60 tion 15 Operation truc 40 18 Op s Construction er Con at 20 15 io ns /U 0 se 1 17 (C) Basu Technology, Inc. 2008
  18. 18. Project Delivery Phases – Cost of Making Changes Conceptual Schematic Design Planning Design Design Development Cost of Making Changes Ability to Make Changes Construction Procurement Documents Commissioning Construction Closeout Time 18 (C) Basu Technology, Inc. 2008
  19. 19. Front-End Planning A change here Which should have been made here 19 (C) Basu Technology, Inc. 2008
  20. 20. Savings attributed to thorough concept definition Study Sample – 62 projects (CII)  Metric – Final TPC / Estimated TPC  Findings  Impact of Poor Design Drawings 20 Over Runs 15 % Cost Over run 10 5 0 High Medium Low -5 Degree of Definition 20 (C) Basu Technology, Inc. 2008
  21. 21. Owners Fail to Track Total Project Scope Only part of the scope  is tracked in project metrics 21 (C) Basu Technology, Inc. 2008
  22. 22. Mismatches in Cost Scope and Schedule Scope 22 (C) Basu Technology, Inc. 2008
  23. 23. (Mis)Alignment of Responsibilities Bilateral Contracts in a multi-lateral  framework Stakeholder participation  Communications - Lost in translation  23 (C) Basu Technology, Inc. 2008
  24. 24. Major Players causing Project Delays/Overruns Factors Causing Cost / Schedule Overruns Scope Changes by Ow ner Other Factors 19% 24% AE Delays 8% Delays by External Agencies 10% Contractor's Poor Performance 39% 24 (C) Basu Technology, Inc. 2008
  25. 25. Cost of Rework Project rework costs average 12.4% of TPC  80% caused by Errors & Omissions in Design  Documents 20% caused by poor construction practices  50% of construction change orders caused  by errors in design documents directly related to uncoordinated drawings Change orders cost 0.8 to 3.4% of TPC  Discipline interface review of documents  during design costs 0.1% of TPC Payback ratio - $8 to $34 for every dollar  spent 25 (C) Basu Technology, Inc. 2008
  26. 26. Cost and Schedule Savings with BIM 26 (C) Basu Technology, Inc. 2008
  27. 27. 27 (C) Basu Technology, Inc. 2008
  28. 28. Seeking to be a member of your core team Basu Technology, Inc. Abhi Basu E-mail: abhibasu@basutech.com Phone: 856 245 9082 We would be happy to come in and present to you specific ways we can save you money 28 (C) Basu Technology, Inc. 2008

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