Hi All,
Hereby writing to you regarding few queries i have on project planning.
1) Is there any thumb rule for assigning weightage to the WBS/activities of construction project which is of varied nature like drawings, procurement, manufacturing etc and various packages like RCC, HVAC, FPS, Str,steel, elevators etc.
How can we assign weightages and bring it to a common denominator.
What best method can be used to converge all these to get the % completion of overall project.
2) While monitoring the project , we take the EVM method which is basically tracking the performance of the project based on cost. But this method miss the schedule aspect, which does not account the activities on critical path or the complexity or duration of works.
So what is the alternative to monitor the project status, considering the duration, criticality (if it is critical path), resource required or complexity..??
The Earned value schedule is also only indicative derived from EVM.
Thanks and Regards
Sumesh M.