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

25 Nov 2022 Project Controls News

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Dear Planning Planet Member,

Join the Global Community - did you know that this newsletter goes to the largest community of project controls professionals on planet Earth!  

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SCHEDULING & INFORMATION SERVICES INC. IMPROVED ACCURACY OF MONTHLY SPEND FORECAST BY 11%

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Discover how Scheduling and Information Services (SIS) utilized ARES PRISM to improve cost projection and earned value management on large multi-building, multi-contractor projects. Reduce dependency on spreadsheets and start improving your project forecasting.

Learn how our solution is faster to accurate data. Download the full case study here.

SHUTDOWNS TURNAROUNDS OUTAGES (STO) ARE PRETTY INTENSE

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Lets face it, Shutdowns Turnarounds Outages (STO) are pretty intense, and can take a toll on mental health if they are not going to plan.

However, they are vital, to ensure the smooth running of business critical assets, such as - chemical plants, refineries, power stations and more.

The key to a less stressful shutdown turnaround outage is how they are planned, managed, and ultimately, executed. At IAMTech, our software has managed hundreds of successful shutdowns, turnarounds, outages, for the world's leading companies like ALTRAD, BP, INEOS, SHELL and many others.

This first hand experience, not theory, allows us to help others improve their STO’s.

Find out how IAMTech’s iPlanSTO software has been engineered to take the pain out of your STO’s. Contact us for a free demo today via sales@iamtech.com

Here are some simple tips on how to reduce stress managing your shutdowns turnarounds outages.

ASTA POWERPROJECT VS PRIMAVERA P6: CHOOSING THE RIGHT TOOL FOR YOUR PROJECT

Both Primavera P6 and Powerproject are powerful planning and scheduling tools mainly used as construction project portfolio management solutions.

Based on the needs of your project, program or portfolio, each tool can provide different benefits.

The article below lists these features and differences in detail to help you better understand which tools best fits your project requirements.

Read more

WHAT IS THE PORTFOLIO MANAGEMENT LIFECYCLE?

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What Is the Portfolio Management Lifecycle?

Many organizations suffer from an inability to differentiate between “good busy” and “bad busy.” Investing time and money on projects that look good on paper doesn’t mean they’ll contribute to the organization’s core objectives. Project Portfolio Management (PPM) is a process that helps companies gain clarity to choose and execute the right projects.

Read the article to learn how to drive better financial performance across your organization in the long term.  

CASH FLOWING WITH EXPENSES IN ORACLE PRIMAVERA P6

Creating cashflows with P6 Expenses has many advantages and some disadvantages over using resources. For example Expenses may:

  • Have an actual cost assigned before an activity has started allowing the payment of contractor mobilisation,
  • Have a remaining cost after an activity is complete to represent contract retention or a contractor back charge,
  • Be negative to allow for charge back to contractors,
  • Be applied to Milestones, whereas Resources may not, 
  • But it is difficult to get time phased Expense quantities out of P6.

This paper outlines:

  • How to create Expenses and assign them to an activity, and
  • The way P6 Expense calculate cash flows of unstarted, in progress and completed activities in all three scenarios of no actual expenditure, some expenditure are completed expenditure. 
Click here to view this paper>>>.
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Accelerate your understanding of scheduling software to advance your scheduling career and be able to prepare better schedules with Eastwood Harris books, online videos available through Udemy and training material on:

Details at Eastwood Harris

Paul E Harris

Director Eastwood Harris Pty Ltd

35 PRIMAVERA P6 TIPS, TRICKS AND SHORTCUTS SCHEDULERS CAN’T DO WITHOUT

Primavera P6 is a sophisticated Project Management Tool utilized in a variety of industries for planning and scheduling.

Check out these tips and tricks on how to enhance your Primavera P6 knowledge, so that you can benefits from this tools advanced features.

Read more

WORK PACKAGE PLANNING AND COST CONTROL AND EARNED VALUE MANAGEMENT

Boost your project management career in less than 5 days at Cost Engineering Academy

Cost Engineering Academy is an academy of professionals with over 25 years of experience, which shares knowledge and experience in the field of project controls. Level up your current and/or new coming career path with the courses of this quarter:

Work Package Planning - Learn the techniques and methodologies that make the difference between a good and an excellent work package planner - here

Cost Control and Earned Value Management - Learn to perform cost control on your projects, according to best practices in the industry and decades-long experiences of professionals - here

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CLEOPATRA INFOGRAPHIC | Renewable Energy Industry: The impact of declining costs and true project controls

By 2035, more than 50% of global power generation will come from renewable sources. As the industry’s technology advances and the costs of renewable energy continue declining, new opportunities will be revealed. 

Find out how you can capture cost-saving opportunities and help shape a more sustainable future.

Download the infographic here

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Cleopatra Enterprise releases their “Project cost management survey report”!

Last year Cleopatra Enterprise published a survey to deepen their understanding of the project controls trends and developments. After receiving responses from over 300 organizations worldwide, Cleopatra Enterprise is proud to present the report, summarizing the most curtail findings of the survey, including:

  • The key factors for delivering successful projects
  • What high performing project teams have in common
  • Barriers and benefits of using today’s project controls tools and technology
  • …and more!

Find out how you can revolutionize your project controls. Read the survey report results now

"PROVEN PRACTITIONER" A PLANNING PLANET PRODUCT

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Do you seek PROMOTION or do you want to better UNDERSTAND YOUR Stengths and SKILLS (in private) or do you seek that NEW ROLE?

Proven Practitioner provides... 

ALL THE TOOLS YOU NEED

Go to Premium and sign up!  

WELCOME TO MEMBERS AND VIEWERS OF PLANNING PLANET FROM CONSTRUCTION CPM CONFERENCE

We invite you to join us at Disney World Florida from January 15-18 2023 for a Return to Live Events.

Please view our webpage, and our latest newsletter

We feature THREE FULL DAYS of study and training in CPM Planning & Scheduling Analysis Live networking and entertainment at four receptions and an evening at a Disney World park All for $875 now, but going up to $925 in December. So Register Now.

ALSO - a repeat announcement of the publication of the NINTH Edition of CPM in Construction Management in an on-line format (scroll to bottom to purchase.)

Construction CPM Conference 2023

Registration NOW OPEN; Overview of Sessions 2023 2023 Program Now Building; Overview of Sessions 2022 Continuing Virtual 2022 Events; Abstracts of Sessions; Exhibitors & Sponsors tables, sponsorships, and ad space in conference book still available Hotel B Resort Walt Dinsey World, Florida; Entertainment

ALTERNATIVE TO PRIMAVERA AND ASTA?

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A superior alternative to the "most popular" software for us as planners?

Spider Project

Spider Project offers numerous unique functional features and is the only PM software that optimizes resource, cost, and material constrained schedules and budgets for projects and portfolios. 

Check it out here...  Ask questions here...

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