Project Control: Integrating Cost and Schedule in Construction

Cover
Title Page
Copyright Page
Contents
About the Author
Preface
Chapter 1 The Basics
	The Concept of Project Management
	History of Project Management
	Approaches to Project Management
	The Traditional Approach
		The Initiating Process
		The Planning Process
		The Executing Process
		The Monitoring and Controlling Process
		The Closing Process
	Benefits of Proper Planning
	The Role of the Project Manager
		Lead the Project Team
		Create the Project Plan
		Develop the Project Schedule
		Monitor the Progress of the Project
		Control the Project
		Take Corrective Action
		Achieve the Project Goals
	Goals of the Project
		Contractual Performance Obligations
		Financial Objectives
		Prevent or Minimize Delay
		Avoid Claims or Litigation
		Control the O-P-C Relationship
		Increase Market Share
	Role of the Contract Documents
		Study the Plans and Specifications
		Identify Discrepancies Early
		Visit the Project Site
		Understand the Project Constraints
		Determine Potential Problem Areas
		Understand Contract Procedures
	The Schedule and Budget
	Summary and Key Points
	Chapter 1 The Basics: Questions for Review
Chapter 2 Introduction to Project Control
	Overview of Project Control
	Project Control Terminology
	Project Control Formulas
	The Project Control Cycle
		Plan to Achieve Goals
		Execute Work According to Plan
		Measure the Progress
		Identify Variations
		Analyze Cause of Variations
		Implement Corrective Actions
		Execute Work and Measure Changes
	Summary and Key Points
	Chapter 2 Introduction to Project Control: Questions for Review
Chapter 3 Pre-Construction Planning
	Initiating the Control Process
	Pre-Construction Planning
	Key Personnel and Responsibilities
		The Contractor’s Group
		The Design Professional’s Group
		The Owner’s Group
		The Regulatory Group
	The Plan—the Roadmap
	Establishing a Baseline for Schedule Control
	Establishing a Baseline for Cost Control
	The Communication Plan
	Summary and Key Points
	Chapter 3 Pre-Construction Planning: Questions for Review
Chapter 4 The Schedule
	Basic Scheduling Concepts
	Types of Schedules
		The Checklist
		The Schedule Board
		The Bar Chart
		The Look-Ahead
		The Linear Schedule
	Advanced Scheduling Methods
		Program Evaluation and Review Technique
		Critical Path Method (CPM)
	The CPM Schedule as a Management Tool
		The Baseline Schedule
	Tasks
		The Work Breakdown Structure
		Task Types
		Task Descriptions
		Task Durations
		Interdependencies
		Complex Relationships—Lags and Leads
		Milestones and Constraints
		Float
		Updating the Schedule
	Summary and Key Points
	Chapter 4 The Schedule: Questions for Review
Chapter 5 The Budget
	Fundamentals of the Estimating Process
		Types of Estimates
		Organization of Estimates
	The Baseline Budget
		Deconstructing the Estimate to Build the Baseline Budget
	Project Cost Report
	The Budget as a Management Tool
	Summary and Key Points
	Chapter 5 The Budget: Questions for Review
Chapter 6 Integrating the Schedule and the Budget
	Schedule of Values
	Matching Cost Values to Tasks
		Planned vs. Actual Values
	Summary and Key Points
	Chapter 6 Integrating the Schedule and the Budget: Questions for Review
Chapter 7 Calculating and Analyzing Progress
	Why an Accurate Schedule of Values?
	Measuring Performance
		Units Completed
		Incremental Milestone
		Start/Finish
		Cost Ratio
		Experience/Opinion
		Weighted or Equivalent Units
	Earned Value
		Fixed Budget Approach
		Variable Budget Approach
		Choosing a Fixed or Variable Approach
	Schedule and Cost Performance
	Summary and Key Points
	Chapter 7 Calculating and Analyzing Progress: Questions for Review
Chapter 8 Analyzing and Reporting Variances in Schedule and Cost
	Understanding Project Analyses
		S-Curves
		Tracking Gantt Chart
		Control Charts
		SPI and CPI Charts
	Causes of Variances
		Cost Variances
		Schedule Variances
		Variance Thresholds
	Root Cause Analysis
	Reporting Project Status
	Summary and Key Points
	Chapter 8 Analyzing and Reporting Variances in Schedule and Cost: Questions for Review
Chapter 9 Recognizing Trends and Forecasting Performance
	Recognizing Trends
	Using Trends to Forecast
		Estimate at Completion
		Estimate to Complete
		Variance at Completion
		To-Complete Performance Index
		Project Percentage Analysis
	Why All the Analysis?
	Summary and Key Points
	Chapter 9 Recognizing Trends and Forecasting Performance: Questions for Review
Chapter 10 Productivity
	Understanding Productivity
		Productivity Index
	Factors Affecting Construction Productivity
		Controllable Factors Affecting Productivity
		Uncontrollable Factors Affecting Productivity
		Recommendations for Improving Productivity
	Summary and Key Points
	Chapter 10 Productivity: Questions for Review
Chapter 11 Acceleration and Schedule Compression
	Acceleration
		Actual Acceleration
		Constructive Acceleration
		Forced Acceleration
	Schedule Compression
	Time-Cost Trade-Off Analysis
		Time-Cost Trade-Off Concepts
	Recovery Schedule
	Summary and Key Points
	Chapter 11 Acceleration and Schedule Compression: Questions for Review
Chapter 12 Resource Management
	Resources
		Resource Allocation
		Resource Management
		Resource Profile
		Splitting Tasks
	Material Management
		Material Management in Practice
	Tools for Resource Management
	Summary and Key Points
	Chapter 12 Resource Management: Questions for Review
Chapter 13 Risk Management
	Components of Risk Management
		Risk Identification
		Risk Assessment
		Risk Response Plan
		Risk Response Control
	Risk Contingency Planning
		Contingency Plan Funding
		Probability Analysis in Scheduling
	Contract Type and Risk
		Stipulated Sum
		Cost of Work Plus Fee
		Cost of Work Plus Fee with a GMP
		Design Build
		Construction Management
		Partnering
	Contract Modifications and Impact on Risk
	Summary and Key Points
	Chapter 13 Risk Management: Questions for Review
Chapter 14 Project Closeout
	Project Documentation
	Initiation of Project Closeout
		Objectives of the Closeout Process
		Contract Closeout
		Administrative Closeout
		Archiving Project Files
	Claims and Disputes
	Lessons Learned Meeting
		Lessons Learned Documentation
	Project Closeout Report
	Summary and Key Points
	Chapter 14 Project Closeout: Questions for Review
Case Study
	Owner/Developer Background
	Project Background
	General Contractor Background
	Factors Affecting Construction
	Plan for Phase 1
	Schedule for Building #1
	Budget for Building #1
	Progress and Cost Report for Building #1
	Case Study: Questions for Group Discussion
Appendix: Questions For Review And Answers
	Chapter 1 The Basics
	Chapter 2 Introduction to Project Control
	Chapter 3 Pre-Construction Planning
	Chapter 4 The Schedule
	Chapter 5 The Budget
	Chapter 6 Integrating the Schedule and the Budget
	Chapter 7 Calculating and Analyzing Progress
	Chapter 8 Analyzing and Reporting Variances in Schedule and Cost
	Chapter 9 Recognizing Trends and Forecasting Performance
	Chapter 10 Productivity
	Chapter 11 Acceleration and Schedule Compression
	Chapter 12 Resource Management
	Chapter 13 Risk Management
	Chapter 14 Project Closeout
Index
EULA