This chapter discusses various planning tools and techniques for managers. It covers assessing the environment through techniques like environmental scanning, competitor intelligence, and forecasting. It then discusses allocating resources through budgeting, scheduling, Gantt and load charts, PERT network analysis, breakeven analysis, and linear programming. Finally, it covers contemporary planning techniques like project management, scenario planning, and contingency planning.
The document summarizes various planning tools and techniques discussed in Chapter 9. It outlines techniques for assessing the environment, such as environmental scanning, competitor intelligence, forecasting, and benchmarking. It also describes techniques for allocating resources, including budgets, Gantt charts, PERT network analysis, breakeven analysis, and linear programming. Finally, it discusses contemporary planning techniques like project management, scenario planning, and contingency planning.
This document is from a textbook on organizational planning techniques. It provides an outline for a chapter that discusses environmental scanning, forecasting, resource allocation, and contemporary planning methods. The chapter covers topics such as competitor intelligence, types of budgets and charts, break-even analysis, linear programming, project management, scenario planning, and contingency planning. Case studies and examples are provided to illustrate various planning concepts and steps.
The document describes various planning tools and techniques used by managers. It discusses methods for assessing the external environment, such as environmental scanning, forecasting, and benchmarking. Techniques for allocating resources internally include budgets, Gantt and load charts for scheduling, linear programming, and breakeven analysis. Contemporary tools covered are project management, using a team approach led by a project manager, and scenario planning to reduce uncertainty by considering potential future situations.
The document discusses various planning techniques and tools used in management. It describes plans as documents that outline how goals will be met, and planning as setting goals, strategies, and coordinating activities. Key planning techniques include environmental scanning, forecasting, benchmarking, budgeting, scheduling, and project management. Budgeting is discussed in more detail, with a budget defined as a numerical plan for allocating resources. The importance of budgeting is explained, and types of budgets covered include fixed/static budgets, flexible/variable budgets, revenue budgets, expense budgets, cash budgets, and profit budgets. Fixed budgets remain constant while flexible budgets change with activity levels.
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.
The document discusses three key processes for managing project costs: cost estimating, cost budgeting, and cost control. It provides details on cost estimation methods like analogous estimating and three-point estimating. Cost budgeting involves setting a cost baseline budget. Cost control tools like earned value management measure planned vs. actual costs and schedules to identify variances enabling corrective actions. Earned value charts and calculations like CPI and SPI are used to forecast final costs and identify if projects will finish over or under budget.
Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
This document provides an overview of project cost management. It discusses estimating costs, determining budgets, and controlling costs. Key aspects include estimating methods like analogous, bottom-up, and parametric; determining a cost baseline; using earned value formulas like CPI, SPI, ETC, and EAC to track performance; and controlling costs through variance analysis and forecasting. The goal is planning, estimating, budgeting, and controlling costs to complete projects within approved budgets.
The document summarizes various planning tools and techniques discussed in Chapter 9. It outlines techniques for assessing the environment, such as environmental scanning, competitor intelligence, forecasting, and benchmarking. It also describes techniques for allocating resources, including budgets, Gantt charts, PERT network analysis, breakeven analysis, and linear programming. Finally, it discusses contemporary planning techniques like project management, scenario planning, and contingency planning.
This document is from a textbook on organizational planning techniques. It provides an outline for a chapter that discusses environmental scanning, forecasting, resource allocation, and contemporary planning methods. The chapter covers topics such as competitor intelligence, types of budgets and charts, break-even analysis, linear programming, project management, scenario planning, and contingency planning. Case studies and examples are provided to illustrate various planning concepts and steps.
The document describes various planning tools and techniques used by managers. It discusses methods for assessing the external environment, such as environmental scanning, forecasting, and benchmarking. Techniques for allocating resources internally include budgets, Gantt and load charts for scheduling, linear programming, and breakeven analysis. Contemporary tools covered are project management, using a team approach led by a project manager, and scenario planning to reduce uncertainty by considering potential future situations.
The document discusses various planning techniques and tools used in management. It describes plans as documents that outline how goals will be met, and planning as setting goals, strategies, and coordinating activities. Key planning techniques include environmental scanning, forecasting, benchmarking, budgeting, scheduling, and project management. Budgeting is discussed in more detail, with a budget defined as a numerical plan for allocating resources. The importance of budgeting is explained, and types of budgets covered include fixed/static budgets, flexible/variable budgets, revenue budgets, expense budgets, cash budgets, and profit budgets. Fixed budgets remain constant while flexible budgets change with activity levels.
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.
The document discusses three key processes for managing project costs: cost estimating, cost budgeting, and cost control. It provides details on cost estimation methods like analogous estimating and three-point estimating. Cost budgeting involves setting a cost baseline budget. Cost control tools like earned value management measure planned vs. actual costs and schedules to identify variances enabling corrective actions. Earned value charts and calculations like CPI and SPI are used to forecast final costs and identify if projects will finish over or under budget.
Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
This document provides an overview of project cost management. It discusses estimating costs, determining budgets, and controlling costs. Key aspects include estimating methods like analogous, bottom-up, and parametric; determining a cost baseline; using earned value formulas like CPI, SPI, ETC, and EAC to track performance; and controlling costs through variance analysis and forecasting. The goal is planning, estimating, budgeting, and controlling costs to complete projects within approved budgets.
The document outlines learning techniques for assessing the environment, allocating resources, and contemporary planning techniques. It describes approaches to environmental scanning, competitor intelligence, and forecasting. It also defines types of resources, budgets, scheduling charts, linear programming, and scenario and contingency planning. Project management is discussed as getting activities done on time, within budget and specifications by defining goals, identifying requirements, and determining completion sequence.
The document discusses using WBS (Work Breakdown Structure) and OBS (Organizational Breakdown Structure) integration to improve labor productivity in construction projects. It outlines common causes of lost productivity such as technical issues, missed supervision, and improper resource distribution. The presentation recommends assigning specific work packages to organizational units using a WBS-OBS matrix to provide clear roles and responsibilities. This approach avoids lost productivity and allows for monitoring of resource usage and performance. An example demonstrates tracking labor assignments and progress to analyze variances. WBS-OBS integration provides a framework for control and improvement of direct labor costs and productivity.
This document discusses project cost management and control. It describes cost estimating, cost budgeting, and cost control as the three factors of project cost management. It defines key terms like planned value, earned value, and actual cost used in earned value management. Earned value management compares planned work to actual work completed and actual costs to measure cost and schedule performance. The document also discusses tools for cost control like estimate to complete, forecasting, cost variance, and cost performance index.
A cost management plan establishes policies and procedures for planning, managing, spending, and controlling project costs. It determines the unit of measure, level of precision and accuracy for cost estimates, and defines organizational procedures, control thresholds, and rules for performance monitoring. The plan also describes techniques for estimating costs such as analogous estimates, parametric estimates, bottom-up estimates and cost of quality assessments. Finally, it is used to establish an authorized cost baseline and budget and to control costs by monitoring the project's status and managing changes to the cost baseline.
Project monitoring and control involves collecting data on project performance and using it to control the project and ensure it stays on track. Key aspects of monitoring include what to monitor (inputs, outputs, time, costs, quality), when to monitor (regularly and at milestones), and how (meetings, reports, Earned Value Analysis). Earned Value Analysis compares the budgeted cost of work performed, actual cost of work performed, and budgeted cost of work scheduled to calculate cost and schedule variances, helping project managers identify issues. Other techniques for monitoring and control include critical ratios and re-planning as needed to correct deviations from the project plan.
A simple approach to understanding Earned Value ManagementProPM Academy
This document discusses earned value management (EVM) and how it can be used to objectively measure and report on project performance and forecast completion. EVM relies on measuring actual work completed against planned budgets and schedules using components like planned value, earned value, actual costs, schedule variance, and cost variance. These measurements can help determine estimates at completion, estimates to complete, and a to-complete performance index to forecast project risks and remaining resource needs. An example project is provided to demonstrate how to calculate these key EVM metrics.
The document discusses key aspects of project cost management including cost estimating, budgeting, and control. It defines important terms like cost baseline, contingency reserve, estimate at completion (EAC), and performance indices. Formulas are provided for calculating things like cost variance, schedule variance, cost performance index, and estimate to completion. The cost management plan is highlighted as establishing guidelines for precision, units of measure, control thresholds, and reporting formats for cost activities.
This document discusses cost management and control techniques for construction projects. It defines different types of costs including direct, indirect, fixed, and variable costs. It then explains various project selection techniques such as return on investment, internal rate of return, net present value, benefit-cost ratio, opportunity cost, and payback period. The document provides examples of how to use each technique to select projects. It also discusses future value and present value calculations. Finally, it covers key aspects of project cost management including estimating costs, determining budgets, and controlling costs.
Sam Ghosh is a senior project manager with over 25 years of experience in project management, project controls, engineering, and mining. He holds an MBA and engineering degrees and professional designations. Currently he is the Manager of Project Controls at Matrix Service Canada, where he leads a project controls team and ensures procedures are consistently applied across projects. Previously he held manager or senior roles overseeing project controls for large energy and mining projects.
This document provides an overview of project cost management for an IT project management course. It defines key cost management terms and processes including cost estimation, budgeting, and controlling costs. It discusses tools for cost estimation like analogous estimates, bottom-up estimates, and parametric modeling. It also explains earned value management (EVM) as a tool for cost control, defining terms like planned value, earned value, actual cost, and calculating values like cost performance index (CPI) and estimate at completion (EAC).
This document proposes merging agile software development methods with earned value management (EVM) to leverage the benefits of both approaches. It describes EVM, which measures planned cost and schedule performance, and agile methods like extreme programming (XP), which emphasize adapting to changing requirements. The document suggests making EVM tasks smaller and measuring completion in an agile-like manner (0-100% complete). This could make EVM behave more like agile while maintaining EVM principles. It outlines how XP estimates work and discusses integrating XP and EVM to measure delivered value in a way that counts what matters without hindering project teams.
Quality Assurance and Cost Control for ConstructionRich Purtell
Discussion about some common traps in the construction industry which tend to drive up costs yet not improve quality. Suggestions offered on how to do things in a better way
This chapter discusses the importance of project cost management in IT projects. It covers cost estimating, budgeting, and control processes. Key topics include types of cost estimates, earned value management to track project performance, and project portfolio management to prioritize projects and allocate resources. The chapter emphasizes controlling costs through accurate estimates, monitoring performance, and making timely adjustments.
Forecasting cost and schedule performanceGlen Alleman
For credible decisions to be made, we need confidence intervals on all the numbers we use to make decisions.
These confidence intervals come from the underlying statistics and the related probabilities.
Statistical forecasting, using time series analysis of past performance, is mandatory for any credible discussion of project performance in the future.
This document discusses project monitoring and control using earned value analysis (EVA) and burn graphs. It provides an overview of EVA, including its origins, explanations of key EVA concepts and metrics, examples of how to apply EVA, and potential shortcomings. It also covers burn graphs as a visual project monitoring tool, how they can be used in agile projects, and examples of burn graph types. Tools for implementing EVA and burn graphs are listed. The document concludes with potential discussion points about applying EVA and adopting burn graphs.
Construction Project Schedule Template- Residential BuildingSHAZEBALIKHAN1
The excel template is a ready-to-use project schedule for a residential building construction project. The article gives the basic idea of a project schedule for residential building construction. Download the excel file through the hyperlink in the article.
project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
VERTEX Construction Claim Visuals - AACE Northeast Total Cost Management Sym...Lisa Dehner
This document discusses visual tools that can be used to prepare and assess construction delay and productivity claims. It outlines various visuals commonly used, including logic diagrams, timelines, network diagrams, comparative schedules, resource histograms, S-curves and stacking analyses. The benefits of visualization are highlighted as facilitating deeper understanding, gaining attention and clarifying complex concepts and data. A range of visual types are examined based on objectives, audience, content richness and other factors. Examples of specific visuals are provided like impacted schedules, resource availability charts and animations.
This profile summarizes the experience of an accomplished project administration and estimating professional with over 20 years of experience in construction and the nuclear industry. They bring strong organizational skills and a reputation for leadership, and have experience providing estimates, managing budgets, and coordinating materials for large commercial and nuclear projects. Their most recent roles include serving as a senior estimator for Fukushima recovery projects and as a corporate nuclear estimator developing estimates, schedules, and cash flow plans for Duke Energy.
The document discusses various planning tools and techniques for assessing the environment, allocating resources, and contemporary planning. It describes approaches to environmental scanning like competitor intelligence and benchmarking. Forecasting techniques include quantitative and qualitative methods. Resource allocation involves budgets, Gantt charts, PERT analysis, and linear programming. Contemporary techniques emphasize flexibility, project management, and scenario planning.
Planning Tools and Technique in ManagementArdiMuluk1
The document outlines planning techniques discussed in a chapter on organizational planning. It describes approaches to environmental scanning, such as competitor intelligence and benchmarking. It also discusses techniques for allocating resources, including budgets, Gantt charts, PERT analysis, and linear programming. Flexibility and project management are presented as important aspects of contemporary planning.
The document outlines learning techniques for assessing the environment, allocating resources, and contemporary planning techniques. It describes approaches to environmental scanning, competitor intelligence, and forecasting. It also defines types of resources, budgets, scheduling charts, linear programming, and scenario and contingency planning. Project management is discussed as getting activities done on time, within budget and specifications by defining goals, identifying requirements, and determining completion sequence.
The document discusses using WBS (Work Breakdown Structure) and OBS (Organizational Breakdown Structure) integration to improve labor productivity in construction projects. It outlines common causes of lost productivity such as technical issues, missed supervision, and improper resource distribution. The presentation recommends assigning specific work packages to organizational units using a WBS-OBS matrix to provide clear roles and responsibilities. This approach avoids lost productivity and allows for monitoring of resource usage and performance. An example demonstrates tracking labor assignments and progress to analyze variances. WBS-OBS integration provides a framework for control and improvement of direct labor costs and productivity.
This document discusses project cost management and control. It describes cost estimating, cost budgeting, and cost control as the three factors of project cost management. It defines key terms like planned value, earned value, and actual cost used in earned value management. Earned value management compares planned work to actual work completed and actual costs to measure cost and schedule performance. The document also discusses tools for cost control like estimate to complete, forecasting, cost variance, and cost performance index.
A cost management plan establishes policies and procedures for planning, managing, spending, and controlling project costs. It determines the unit of measure, level of precision and accuracy for cost estimates, and defines organizational procedures, control thresholds, and rules for performance monitoring. The plan also describes techniques for estimating costs such as analogous estimates, parametric estimates, bottom-up estimates and cost of quality assessments. Finally, it is used to establish an authorized cost baseline and budget and to control costs by monitoring the project's status and managing changes to the cost baseline.
Project monitoring and control involves collecting data on project performance and using it to control the project and ensure it stays on track. Key aspects of monitoring include what to monitor (inputs, outputs, time, costs, quality), when to monitor (regularly and at milestones), and how (meetings, reports, Earned Value Analysis). Earned Value Analysis compares the budgeted cost of work performed, actual cost of work performed, and budgeted cost of work scheduled to calculate cost and schedule variances, helping project managers identify issues. Other techniques for monitoring and control include critical ratios and re-planning as needed to correct deviations from the project plan.
A simple approach to understanding Earned Value ManagementProPM Academy
This document discusses earned value management (EVM) and how it can be used to objectively measure and report on project performance and forecast completion. EVM relies on measuring actual work completed against planned budgets and schedules using components like planned value, earned value, actual costs, schedule variance, and cost variance. These measurements can help determine estimates at completion, estimates to complete, and a to-complete performance index to forecast project risks and remaining resource needs. An example project is provided to demonstrate how to calculate these key EVM metrics.
The document discusses key aspects of project cost management including cost estimating, budgeting, and control. It defines important terms like cost baseline, contingency reserve, estimate at completion (EAC), and performance indices. Formulas are provided for calculating things like cost variance, schedule variance, cost performance index, and estimate to completion. The cost management plan is highlighted as establishing guidelines for precision, units of measure, control thresholds, and reporting formats for cost activities.
This document discusses cost management and control techniques for construction projects. It defines different types of costs including direct, indirect, fixed, and variable costs. It then explains various project selection techniques such as return on investment, internal rate of return, net present value, benefit-cost ratio, opportunity cost, and payback period. The document provides examples of how to use each technique to select projects. It also discusses future value and present value calculations. Finally, it covers key aspects of project cost management including estimating costs, determining budgets, and controlling costs.
Sam Ghosh is a senior project manager with over 25 years of experience in project management, project controls, engineering, and mining. He holds an MBA and engineering degrees and professional designations. Currently he is the Manager of Project Controls at Matrix Service Canada, where he leads a project controls team and ensures procedures are consistently applied across projects. Previously he held manager or senior roles overseeing project controls for large energy and mining projects.
This document provides an overview of project cost management for an IT project management course. It defines key cost management terms and processes including cost estimation, budgeting, and controlling costs. It discusses tools for cost estimation like analogous estimates, bottom-up estimates, and parametric modeling. It also explains earned value management (EVM) as a tool for cost control, defining terms like planned value, earned value, actual cost, and calculating values like cost performance index (CPI) and estimate at completion (EAC).
This document proposes merging agile software development methods with earned value management (EVM) to leverage the benefits of both approaches. It describes EVM, which measures planned cost and schedule performance, and agile methods like extreme programming (XP), which emphasize adapting to changing requirements. The document suggests making EVM tasks smaller and measuring completion in an agile-like manner (0-100% complete). This could make EVM behave more like agile while maintaining EVM principles. It outlines how XP estimates work and discusses integrating XP and EVM to measure delivered value in a way that counts what matters without hindering project teams.
Quality Assurance and Cost Control for ConstructionRich Purtell
Discussion about some common traps in the construction industry which tend to drive up costs yet not improve quality. Suggestions offered on how to do things in a better way
This chapter discusses the importance of project cost management in IT projects. It covers cost estimating, budgeting, and control processes. Key topics include types of cost estimates, earned value management to track project performance, and project portfolio management to prioritize projects and allocate resources. The chapter emphasizes controlling costs through accurate estimates, monitoring performance, and making timely adjustments.
Forecasting cost and schedule performanceGlen Alleman
For credible decisions to be made, we need confidence intervals on all the numbers we use to make decisions.
These confidence intervals come from the underlying statistics and the related probabilities.
Statistical forecasting, using time series analysis of past performance, is mandatory for any credible discussion of project performance in the future.
This document discusses project monitoring and control using earned value analysis (EVA) and burn graphs. It provides an overview of EVA, including its origins, explanations of key EVA concepts and metrics, examples of how to apply EVA, and potential shortcomings. It also covers burn graphs as a visual project monitoring tool, how they can be used in agile projects, and examples of burn graph types. Tools for implementing EVA and burn graphs are listed. The document concludes with potential discussion points about applying EVA and adopting burn graphs.
Construction Project Schedule Template- Residential BuildingSHAZEBALIKHAN1
The excel template is a ready-to-use project schedule for a residential building construction project. The article gives the basic idea of a project schedule for residential building construction. Download the excel file through the hyperlink in the article.
project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
VERTEX Construction Claim Visuals - AACE Northeast Total Cost Management Sym...Lisa Dehner
This document discusses visual tools that can be used to prepare and assess construction delay and productivity claims. It outlines various visuals commonly used, including logic diagrams, timelines, network diagrams, comparative schedules, resource histograms, S-curves and stacking analyses. The benefits of visualization are highlighted as facilitating deeper understanding, gaining attention and clarifying complex concepts and data. A range of visual types are examined based on objectives, audience, content richness and other factors. Examples of specific visuals are provided like impacted schedules, resource availability charts and animations.
This profile summarizes the experience of an accomplished project administration and estimating professional with over 20 years of experience in construction and the nuclear industry. They bring strong organizational skills and a reputation for leadership, and have experience providing estimates, managing budgets, and coordinating materials for large commercial and nuclear projects. Their most recent roles include serving as a senior estimator for Fukushima recovery projects and as a corporate nuclear estimator developing estimates, schedules, and cash flow plans for Duke Energy.
The document discusses various planning tools and techniques for assessing the environment, allocating resources, and contemporary planning. It describes approaches to environmental scanning like competitor intelligence and benchmarking. Forecasting techniques include quantitative and qualitative methods. Resource allocation involves budgets, Gantt charts, PERT analysis, and linear programming. Contemporary techniques emphasize flexibility, project management, and scenario planning.
Planning Tools and Technique in ManagementArdiMuluk1
The document outlines planning techniques discussed in a chapter on organizational planning. It describes approaches to environmental scanning, such as competitor intelligence and benchmarking. It also discusses techniques for allocating resources, including budgets, Gantt charts, PERT analysis, and linear programming. Flexibility and project management are presented as important aspects of contemporary planning.
This PowerPoint presentation covers various planning and resource allocation techniques used by managers. It discusses environmental scanning approaches, competitor intelligence, forecasting methods, and how to improve forecasting effectiveness. It also describes different resource allocation techniques like budgets, Gantt charts, PERT analysis, breakeven analysis, and linear programming. Additionally, it addresses contemporary planning tools such as flexibility, project management, scenario planning, and contingency planning.
Techniques for Assessing the Environment
List three different approaches to environmental scanning.
Explain what competitor intelligence is and ways that managers can do it legally and ethically.
Describe how managers can improve the effectiveness of forecasting.
Techniques for Allocating Resources
List the four techniques for allocating resources.
Describe the different types of budgets.
Tell what a Gantt chart does.
Explain a load chart.
This document is from a textbook on organizational planning techniques. It provides an outline and overview of various techniques for assessing the environment, allocating resources, and contemporary planning approaches. The techniques discussed include environmental scanning, competitor intelligence, forecasting, budgeting, scheduling with Gantt and load charts, PERT analysis, linear programming, project management, scenario planning, and contingency planning.
The document discusses various planning tools and techniques used by managers. It describes approaches to assess the environment like competitor intelligence and forecasting. It also outlines techniques for allocating resources such as the different types of budgets, Gantt charts, PERT analysis, breakeven analysis, and linear programming. Additionally, it discusses contemporary planning techniques including project management, flexibility in planning, and scenario planning.
This document discusses various planning tools and techniques used by managers. It describes techniques for assessing the external environment like environmental scanning, competitor intelligence, forecasting, and benchmarking. It also outlines techniques for allocating resources internally such as budgeting, scheduling with Gantt and load charts, PERT network analysis, breakeven analysis, and linear programming. The document concludes with contemporary planning techniques including project management and using scenarios in strategic planning.
The document discusses various techniques for assessing the environment, allocating resources, and planning for the future. It covers topics like environmental scanning, forecasting, benchmarking, budgeting, scheduling, charting, analysis using PERT and breakeven analysis, linear programming, project management, scenario planning, and contingency planning. The goal is to help managers anticipate changes, allocate resources efficiently, and prepare for unexpected events.
This document provides an overview of project cost management based on the PMBOK Guide. It discusses the key processes involved, including plan cost management, estimate costs, determine budget, and control costs. For each process, it outlines the typical inputs, tools and techniques, and outputs. It also discusses important concepts like the cost management plan, cost baselines, earned value management, variance analysis, and estimating techniques. The overall purpose is to plan, estimate, budget, and control costs throughout the project life cycle.
The document provides an overview of organizational planning. It defines planning and differentiates between formal and informal planning. The purposes of planning are to provide direction, reduce uncertainty, minimize waste and redundancy, and set standards for controlling. Formal planning is associated with higher profits and performance, though the quality of planning and implementation affects performance more than the extent of planning. Common planning tools and techniques include establishing planning departments, involving organizational members, forecasting, benchmarking, budgets, Gantt charts, PERT, break-even analysis, and linear programming.
Designed to provide comprehensive of the fundamentals of estimation & control, this masterclass covers many subtle and advanced estimating & control concepts for specific industry like Oil & gas which are “equipment-centric”, and this influence is important in the selection of estimating methodologies and techniques used in estimate preparation. This process will be covered from both the contractor and owner’s points of view, noting the similarities and differences in the respective approach of each.
An emphasis will be placed on examining the conceptual estimating methodologies that can assist in preparing accurate estimates at early design stages of project. The cost control process will be based on the concept of Plan-Do-Check-Assess of total cost management framework.
This document discusses using risk analysis software to summarize the results of a cost and schedule risk assessment for an environmental remediation project. Key benefits of the analysis include ranking projects based on risk, developing optimal strategies, tracking project performance, and identifying cost and schedule drivers. The analysis found that the most likely total project cost was $4.8 million and completion date of October 2011, but costs could range from $4.2-6.3 million and completion from August 2011 to September 2012 due to risks like soil volumes and contractor injuries.
This document summarizes the application of the Capability Maturity Model Integrated (CMMI) framework to continuous improvement projects outside of software development. It discusses how the CMMI concepts can be adapted to other industries and business areas, such as energy efficiency. The author applied a tailored CMMI approach to lead continuous improvement projects at Little Rock Air Force Base, developing metrics and reporting tools to track projects and measure outcomes. Key accomplishments included implementing $35 million in resource conservation projects with estimated savings of $50 million. The document provides examples of the metrics reports and planning approach used to successfully manage the continuous improvement initiative.
This document discusses performance management and appraisal. It defines performance appraisal as evaluating past performance against standards, while performance management is the process of ensuring employees work toward organizational goals. Effective performance management includes regular feedback, goal setting, development, and assessment. The document also examines different performance appraisal methods and how to conduct effective performance reviews.
The document discusses the importance of project cost management. It notes that projects historically have poor track records for meeting cost goals, with average cost overruns found in various CHAOS studies from 1995 to 2003. Proper project cost management, including processes like resource planning, cost estimating, cost budgeting and cost control, can help reduce cost overruns. The basic principles of cost management, such as distinguishing different types of costs and using techniques like activity-based costing and reserves, are also covered.
Presenting this set of slides with name - Initial Project Meeting Agenda Powerpoint Presentation Slides. Keep your audience glued to their seats with professionally designed PPT slides. This deck comprises of total of twenty seven slides. It has PPT templates with creative visuals and well researched content. Not just this, our PowerPoint professionals have crafted this deck with appropriate diagrams, layouts, icons, graphs, charts and more. This content ready presentation deck is fully editable. Just click the DOWNLOAD button below. Change the colour, text and font size. You can also modify the content as per your need. Get access to this well crafted complete deck presentation and leave your audience stunned.
Sue Hooton - Planning a quality improvement project & driver diagrams.Innovation Agency
Presentation by Sue Hooton, Professor of Nursing and Quality Improvement, University of Chester: Planning a quality improvement project & driver diagrams on Thursday 28 February 2019 at Haydock Park Racecourse.
- Greg Hastings is a finance professional with experience in capital investment, transport, retail, manufacturing, distribution and energy industries. He has strong communication, leadership, and business analysis skills.
- He has experience establishing financial reporting processes, designing business case templates, and developing models to evaluate capital expenditure options for large organizations.
- His background includes roles analyzing budgets and reporting for infrastructure, logistics, and energy companies with annual expenditures ranging from $500 million to $2.5 billion.
Erik Koestenblatt has over 20 years of experience in data mining, performance benchmarking, and analysis across multiple industries. He has led teams and initiatives to develop cost and schedule toolkits, create databases to track key performance indicators, and analyze global project performance data. Currently he is a consultant at ExxonMobil coordinating with their global production units to enhance cost and schedule tools, create benchmarks, and analyze project data.
Learnings from Successful Jobs SearchersBruce Bennett
Are you interested to know what actions help in a job search? This webinar is the summary of several individuals who discussed their job search journey for others to follow. You will learn there are common actions that helped them succeed in their quest for gainful employment.
Resumes, Cover Letters, and Applying OnlineBruce Bennett
This webinar showcases resume styles and the elements that go into building your resume. Every job application requires unique skills, and this session will show you how to improve your resume to match the jobs to which you are applying. Additionally, we will discuss cover letters and learn about ideas to include. Every job application requires unique skills so learn ways to give you the best chance of success when applying for a new position. Learn how to take advantage of all the features when uploading a job application to a company’s applicant tracking system.
A Guide to a Winning Interview June 2024Bruce Bennett
This webinar is an in-depth review of the interview process. Preparation is a key element to acing an interview. Learn the best approaches from the initial phone screen to the face-to-face meeting with the hiring manager. You will hear great answers to several standard questions, including the dreaded “Tell Me About Yourself”.
5 Common Mistakes to Avoid During the Job Application Process.pdfAlliance Jobs
The journey toward landing your dream job can be both exhilarating and nerve-wracking. As you navigate through the intricate web of job applications, interviews, and follow-ups, it’s crucial to steer clear of common pitfalls that could hinder your chances. Let’s delve into some of the most frequent mistakes applicants make during the job application process and explore how you can sidestep them. Plus, we’ll highlight how Alliance Job Search can enhance your local job hunt.
How to Prepare for Fortinet FCP_FAC_AD-6.5 Certification?NWEXAM
Begin Your Preparation Here: https://bit.ly/3VfYStG — Access comprehensive details on the FCP_FAC_AD-6.5 exam guide and excel in the Fortinet Certified Professional - Network Security certification. Gather all essential information including tutorials, practice tests, books, study materials, exam questions, and the syllabus. Solidify your knowledge of Fortinet FCP_FAC_AD-6.5 certification. Discover everything about the FCP_FAC_AD-6.5 exam, including the number of questions, passing percentage, and the time allotted to complete the test.
Job Finding Apps Everything You Need to Know in 2024SnapJob
SnapJob is revolutionizing the way people connect with work opportunities and find talented professionals for their projects. Find your dream job with ease using the best job finding apps. Discover top-rated apps that connect you with employers, provide personalized job recommendations, and streamline the application process. Explore features, ratings, and reviews to find the app that suits your needs and helps you land your next opportunity.
Joyce M Sullivan, Founder & CEO of SocMediaFin, Inc. shares her "Five Questions - The Story of You", "Reflections - What Matters to You?" and "The Three Circle Exercise" to guide those evaluating what their next move may be in their careers.
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...dsnow9802
Jill Pizzola's tenure as Senior Talent Acquisition Partner at THOMSON REUTERS in Marlton, New Jersey, from 2018 to 2023, was marked by innovation and excellence.