Guild of Project Controls: Compendium | Roles | Assessment | Certifications | Membership

Schedule Metrics from PMA

Dear Planning Planet Members,

Please find below two short stories from our friends at PMA Technologies about their thoughts on Schedule Metrics....

We trust you find them informative :)

3285

Truly Understanding Schedule Metrics

3286

Are you being seduced by meaningless beautiful graphics? Scheduling metrics are the flavor of the month.

But just as we find in Monte Carlo schedule Risk analysis many practitioners engage in the exercise of running schedule metrics without truly understanding the significance or implications of the output. This is understandable, especially since some of the output has no significance, meaning, or value. Or as Shakespeare wrote eons ago…  READ MORE...

Reliable Schedule Metrics: The Next Level of True Schedule Performance

3287

A schedule is aligned when it meets the essential statement and is signed off by the appropriate parties. The essential statement is then expanded upon to offer greater insight into the actual mechanics of the metric. A1, below, is an example of a well thought out, well-defined metric.

Schedule

Deliverable Core Traits

20-Trait Protocol

Essential Statement

Selected Supporting Best Practices

& Indicators of Schedule Reliability

A1 | Aligned

The schedule portrays a viable plan that aligns with the,contractor planning basis and the procurement approach, and that takes into,account subcontractors’ schedules; the schedule is supported by a narrative

The contract schedule is signed off. The narrative documents involvement in the development of the schedule by contractor management and supervision personnel and by subcontractors with 2% or more of the contract and/or work on the critical path

A2 | Complete

The entire work, including specified responsibilities of,the owner, owner’s consultants and third parties, is captured by and, discernible from the activities, logic ties, milestones, and benchmarks

Activities are developed using the WBS context inherent in,the drawings and specifications and/or BIM database ▪ Every WBS element has at least one associated activity ▪ Useful codes are provided to organize, filter, and roll up level 3 schedule activities

A3 | Conforming

The schedule substantiates compliance with contract dates, specified sequences and other contract conditions governing schedule,performance; the initial schedule data date is the contract start date

NO progress, delay, or contract changes whatsoever,are reflected or incorporated in an initial schedule ▪ Every contractual finish milestone falls on or before the specified date ▪ The schedule,incorporates contractual constraints and activity/logic sequences

A4 | Formulaic

Physical work activity durations are largely formulaic and, align with the schedule level; duration formulae feature production rates, approach to normal adverse weather, working conditions, and working schedules

At a minimum, critical/near-critical physical work activities have formulaic

durations ▪ Delivery activity durations are based on POs to the extent that

they exist ▪ Over 80% of level 3 schedule activities generally last 2–6 weeks

(6 weeks-6 months for level 2)

A5 | Resourced

The schedule reflects the resources needed, their availability to support the rate of progress, and known limits; availability of resources to support the rate of progress is confirmed initially and periodically

Crew loading is consistent with the formula used to determine durations ▪ Resource

leveling trials are undertaken to confirm that resource histograms can be leveled within headcount limits ▪ Physical work activities are loaded with resources

READ MORE...

Remember Dear Member, that The Guild continues to issue exerts from the GPC BoK - Cost Management is partlially uploaded and LIVE with the remainder due for imminent release!

We are currently also finalising our Guild Membership offer and are STILL looking for individuals to contribute in terms of Leadership or Knowledge or even better, BOTH!  Should your employer like to know about Guild involvement please email us: admin@GuildofProjectControls.com For our Guild Patron package - no upfront payment to be involved! 

THANK YOU AND THE VERY BEST FOR THE NEW YEAR TO YOU ALL!

3288
Legal bit... to unsubscribe please use this link.... unsubscribe me

Market Place

Primavera P6 and Microsoft Project books, on-line video training courses and training material available from an internationally recognised publisher. Teach yourself using on-line or book based learning or run your own in-house or public courses.