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The ABC of the CPM The Critical Path Method is a powerful but basically simple technique for analyzing and scheduling projects. Learn the ABCs from a leading expert. https://hubs.ly/Q02KWPTc0 #riskmanagement #crticalpathmethod

Is Planning with CPM (Critical Path Method) Always Useful? I read a very interesting article discussing how useful it is to use CPM. This article classifies schedules as follows: Level 1: General Project Schedule, contains up to 100 activities and provides an overview of the project. Level 2: Strategic Project Schedule, includes up to 2,500 activities and is organized by specific areas of the project. Level 3: Project Control Schedule, comprises up to 5,000 activities and covers the total scope of the project with resource loading. Level 4: Individual Phase Schedules, focuses on specific phases such as engineering, procurement, fabrication, construction, and completions. Level 5: Construction Work Package List, work packages that should not exceed 5,000 hours of work. Level 6: Field Installation Work Package List, field installation work packages with a maximum size of 1,000 hours. The conclusion is: * The application of CPM is more suitable for high and medium-level schedules (Levels 1, 2, and 3), providing structure and strategic vision for the project; allowing performance measurement against the baseline, a view of resource utilization, identification of critical activities, etc. *For detailed level schedules (Levels 4, 5, and 6), it is more effective to use other agile techniques different from CPM, such as PPI, for daily planning tracking, facilitating adaptation to the changing conditions of the project. The article I am referring to is: 2022 AACE® INTERNATIONAL TECHNICAL PAPER: Critical Path Method (CPM) and Project Production Planning (PP): Complimentary or Exclusionary? (Richard H. Stack, Jr.; and Albert P. (Mac) McMillan). #ProjectControl #ProjectControls #ProjectManagement #ProjectManager #ProjectPlanning #RiskManagement #Planning #Schedule #PMI #PMP #AACEI #TotalCostManagement

The Critical Path Method (CPM) Using CPM, you can identify: The minimum total time required to complete the project—that is, the critical path Flexibility, or slack, in the schedule along other, non-critical paths A key value of CPM analysis is the understanding it can show the project team the chain of activities likely to establish the earliest completion of the project. This understanding can help the team explore ways to reduce project duration and can help the team focus on efficient execution of time-critical activities.

Managing project costs is challenging but cost management is imperative to increase efficiency and driving project success💡 In this blog, we highlight the benefits of cost management and share some key ways that Proteus helps manage costs such as Providing access to real-time data Allowing you to manage earned value Improving cost estimates Click here to read more: https://lnkd.in/dwNeiY6u #costmanagement #projectmanagement

📌Who owns the float when the Baseline Schedule durations were inaccurate? 📌Does the Owner have the right to require proof or validation of the Baseline Schedule Original Durations when evaluating a Contractor’s Time Impact Analysis (TIA)? 📌How the contractor should respond in this situation? If you are interested in getting the answer to these questions, join this free masterclass with Chris Carson FRICS, FAACE, FGPC, PSP, DRMP, CEP, CCM, PMP. Below is the link to get more information and to join. https://lnkd.in/e_JC3aq #planning, #scheduling, #projectcontrols, #projectmanagement, #forensicdelayanalysis, #scheduledelays, #freeprojectcontrolswebinar

💡Estimating direct resource requirements for detailed step-out plans on a single order for heavy industry maintenance or projects is not the same as estimating indirect resource requirements for strategic planning of multiple orders. Productivity factors (PF) are applied during strategic planning and agile scheduling and are therefore not applicable on single order detailed step-out plans. Furthermore, Performance (Pf) is measured by Analysts using 1.0 factor, assuming PF is set at 1.4 for non-productive time with an additional .2-.6 for complexity. 📌Additionally, consider whether scaffolding and isolation are better estimated during strategic planning and agile scheduling vs. detailed planning on single order step-out plans. 👍To learn more, join as a 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗶𝗻𝗴 𝗠𝗲𝗺𝗯𝗲𝗿 at: www.iapscc.com 🖱️Right-click on image to enlarge (Open image in new tab) or save! 🌐iAPSCC® | 📈AP-Canada | 📈AP-Networks #iapscc #planning #scheduling #controls

5 Essential Cost Estimation Techniques for Project Managers 🔶 Analogous Estimating: Quickly estimate costs using data from similar past projects. 🔶 Parametric Estimating: Leverage statistical relationships to make more accurate cost predictions. 🔶 Bottom-Up Estimating: Gain precision by estimating costs for each project component. 🔶 Three-Point Estimating: Balance risks by averaging best-case, worst-case, and most likely costs. 🔶 Expert Judgment Estimating: Rely on industry experts when historical data is lacking. When used effectively, these techniques can significantly improve your project’s financial outcomes. Are you utilizing all the tools at your disposal? Read more at our most recent article at TheRiskBlog.com #ProjectManagement #CostEstimation #BusinessLeadership #Efficiency #RiskManagement #ProjectLeadership #44RiskPM #TheRiskBlog #NickMendez

Good Project Controls protect profits, contain costs and assure delivery. ✅ How healthy is your project controls capability? 🩺 ✍️ Take this short assessment to find out: https://lnkd.in/eH-RsUSw Get practical recommendations built by our experts to improve your project controls performance! #ProjectControls #ProjectManagement #Project #PMO #Delivery

Are you in control of projects? 😬 How do you think your teams will score on this assessment? Find out where you stand with the quiz below ⬇

Good Morning, Many of us after performing the update to the schedule and checking the progress to highlight the KPIS, EV and the remaining monitor factors to load them into the Reports " different types of reports" , we could miss to check out the out of sequence activities which internally created after proceeding with the update, Below you will find the steps to solve this issue: - Must check the update strategy if it was " Retained Logic" or " Progress over ride" , as in sometimes in retained logic the P6 makes sure of not breaking the logic relationships , which causes high negative floats more than accurate ones and gives a fake delay feedback. - Export the project into Spread Sheet Format, then choose Activity Relationships and modify the template to add (pre, succ, Relationship type , pre activity status , succ activity status , pre name , succ name, lag) - Choose the Analysis button in Excel sheet to have the ability to define each condition as itself - Compare the out of sequence activities shown with the 04 Case studies shown in below , - Start with updating the cases and correcting the issues. - Import the Excel sheet into the program again and proceed with Schedule (F9) and check the log again. Attached clip shows the 4 cases study of Solving out of sequence activities. to check the full video ,kindly follow the link below https://lnkd.in/dbdxzkGA Regards, #planning #projectcontrol #advanced #updating #projectmanagement #CPAM #Cases #riskmitigation #scheduling