Cost And Value Management In Projects

Author: Ray R. Venkataraman
Publisher: John Wiley & Sons
ISBN: 1118174186
Size: 50.47 MB
Format: PDF, ePub
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Cost and Value Management in Projects provides practicing managers with a thorough understanding of the various dimensions of cost and value in projects, along with the factors that impact them, and the managerial approaches that would be most effective for achieving cost efficiency and value optimization. This book addresses cost from a strategic perspective, offering thorough coverage of the various elements of value management such as value planning, value engineering and value analysis from the perspective of projects.

Earned Value Management Using Microsoft Office Project

Author: Sham Dayal
Publisher: J. Ross Publishing
ISBN: 1932159983
Size: 71.44 MB
Format: PDF, ePub, Docs
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Schedule and cost management are the most essential parts of project lifecycle management and many projects fail as a result of not managing these critical components effectively. The most commonly used tool for project schedule management is Microsoft Office Project, which is designed to assist project managers in developing schedules, assigning resources to tasks, tracking progress, managing budgets and analyzing workloads. The most common technique used for cost management is earned value management (EVM), a project management technique used for measuring project progress in an objective manner that combines measurements of project scope, schedule and cost performance within a single integrated methodology. EVM is becoming the standard across the world for this purpose in both the private and public sector and many organizations are now adopting this technique to manage their projects. In the public sector, EVM is mandated for all government projects in the United States and many other countries are following suit. Earned Value Management Using Microsoft® Office Project is the first reference to effectively combine the most widely used scheduling tool with the most widely accepted cost management technique. It is a practical guide to end-to-end scheduling and cost management using Microsoft Office Project that includes a CD-ROM of a limited version of a unique EVM software tool that will help practitioners more effectively manage their projects, track and report the status and progress of projects, and take necessary action before their projects fail beyond repair. This text is an excellent complement to whatever Microsoft Office Project guide that you may be using and a significant addition to the literature on how to use EVM.

Measuring Time

Author: Mario Vanhoucke
Publisher: Springer Science & Business Media
ISBN: 144191014X
Size: 58.49 MB
Format: PDF, ePub, Docs
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Meant to complement rather than compete with the existing books on the subject, this book deals with the project performance and control phases of the project life cycle to present a detailed investigation of the project’s time performance measurement methods and risk analysis techniques in order to evaluate existing and newly developed methods in terms of their abilities to improve the corrective actions decision-making process during project tracking. As readers apply what is learned from the book, EVM practices will become even more effective in project management and cost engineering. Individual chapters look at simulation studies in forecast accuracy; schedule adherence; time sensitivity; activity sensitivity; and using top-down or bottom-up project tracking. Vanhoucke also offers an actual real-life case study, a tutorial on the use of ProTrack software (newly developed based on his research) in EVM, and conclusions on the relative effectiveness for each technique presented.

Value Management Of Construction Projects

Author: John Kelly
Publisher: John Wiley & Sons
ISBN: 1118351231
Size: 51.48 MB
Format: PDF, ePub
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Value management evaluates alternative construction materials and systems with a view to saving money without impacting on building performance or the construction programme. It has become a well established tool in the construction industry, having been endorsed in a range of government sponsored reports. In the current economic climate, clients are increasingly looking to employ value management as a way of ensuring they generate maximum value from their investments.+ Since publication of the first edition in 2004, value management has developed significantly. The second edition retains the structure of the first edition, covering methods and practices, frameworks of value and the future of value management, but has been thoroughly updated with new material and several new chapters to ensure it reflects current theory and practice. In particular, the new edition responds to: Recent publications, most notably the imminent update of British Standard BS EN 12973:2000 Value Management; the change to "Value for Europe" governing training and certification in EU countries; and the recent publication of the UK government OGC, Management of Value (MoV) initiative Research in value management undertaken since publication of the first edition Changes in value management practice particularly in programmes and projects. Developments in the theory of value, principally value for money measures, whole life value option appraisal, and benefits realisation New asset management initiatives covering the management of physical infrastructure, for example BSi PAS55 2008 “Asset management: Specification for the optimized management of physical assets” Appendices again include a tool box and additional generic case studies to illustrate value practice.

Earned Value Management Integrated View Of Cost And Schedule Performance

Author: Piyush Solanki
Publisher: Global India Publications
ISBN: 9789380228525
Size: 34.12 MB
Format: PDF, ePub, Mobi
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This book is organized with a brief overview of EVM, highlighting the key management questions EVM can help answer and exploring where EVM fits into the projet management universe. It also emphasizes EVM Performance Analysis and contains the basic elements of Earned Value Management. This book also outlines basic EVM practices in their project management context and shows how EVM practices facilitate project planning and control for better management of project cost and schedule performance.

Practice Standard For Earned Value Management

Author: Project Management Institute
Publisher: Project Management Institute
ISBN: 193558989X
Size: 27.34 MB
Format: PDF, Kindle
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The Practice Standard for Earned Value Management—Second Edition expands on the earned value information in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) –Fourth Edition. EVM is often referred to as “management with the lights on” because it helps objectively and succinctly identify where a project is and where it is going. The methodology incorporates project scope, schedule and costs, and the process is applicable across many Knowledge Areas and Process Groups. This practice standard is intended for anyone who wants to better develop their project management toolset and know how to potentially improve project performance through the use of earned value.

Risk Management For Design And Construction

Author: Ovidiu Cretu
Publisher: John Wiley & Sons
ISBN: 9781118028636
Size: 26.32 MB
Format: PDF, Docs
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The essential risk assessment guide for civil engineering, design, and construction Risk management allows construction professionals to identify the risks inherent in all projects, and to provide the tools for evaluating the probabilities and impacts to minimize the risk potential. This book introduces risk as a central pillar of project management and shows how a project manager can be prepared for dealing with uncertainty. Written by experts in the field, Risk Management for Design and Construction uses clear, straightforward terminology to demystify the concepts of project uncertainty and risk. Highlights include: Integrated cost and schedule risk analysis An introduction to a ready-to-use system of analyzing a project's risks and tools to proactively manage risks A methodology that was developed and used by the Washington State Department of Transportation Case studies and examples on the proper application of principles Information about combining value analysis with risk analysis "This book is a must for professionals who are seeking to move towards a proactive risk-centric management style. It is a valuable resource for students who are discovering the intricacies of uncertainties and risks within value estimation. For professionals, the book advocates for identifying and analyzing 'only' risks whose impact are of consequence to a project's performance." —JOHN MILTON, PhD, PE Director of Enterprise Risk Management, Washington State Department of Transportation

Earned Schedule

Author: Walter H. Lipke
ISBN: 9780557177387
Size: 42.61 MB
Format: PDF, Kindle
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This book is intended for those who use Earned Value Management (EVM), including project managers, engineers and performance analysts. Earned Schedule (ES) is a significant enhancement to EVM, extending its cost-based features to the management and control of schedule performance. By using ES and EVM together, project management of cost and schedule can now be treated in a truly integrated sense. The book builds from the fundamentals of EVM to derive the concept of ES. The performance measurement baseline and earned value from EVM are utilized to extract time-based performance measures, indicators, and predictors. From this foundation, complexity is incrementally added with descriptions and examples for performance analysis, prediction and project control. Specific features of ES useful to project management are included and illustrated for the following: forecasting of completion date, analysis of critical path, drill-down identification of process constraints, impediments, and areas of concern for rework.

Project Management Planning And Control

Author: Albert Lester
Publisher: Butterworth-Heinemann
ISBN: 008102021X
Size: 38.26 MB
Format: PDF, ePub, Docs
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Project Management, Planning and Control, Managing Engineering, Construction and Manufacturing Projects to PMI, APM and BSI Standards, Seventh Editions an established and widely recommended project management handbook. Building on its clear and detailed coverage of planning, scheduling and control, this seventh edition includes new advice on information management, including big data, communication, dispute resolution, project governance, and BIM. Ideal for those studying for Project Management Professional (PMP) qualifications, the book is aligned with the latest Project Management Body of Knowledge (PMBOK) for both the Project Management Institute (PMI) and the Association of Project Management (APM), and includes questions and answers to help users test their understanding. Includes new sections on data collection and use, including big data Contains major updates to sections on governance, adjudication, BIM, and agile project management Focused on the needs and challenges of project managers in engineering, manufacturing and construction, and closely aligned to the content of the APM and PMI ‘bodies of knowledge’ Provides project management questions and answers compiled by a former APM exam assessor