How to Turn Your Schedule into an Early Warning System

“𝗘𝗮𝗿𝗻𝗲𝗱 𝗩𝗮𝗹𝘂𝗲 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗿𝘂𝗲 𝗯𝗮𝗹𝗮𝗻𝗰𝗲 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝘁𝗶𝗺𝗲, 𝗰𝗼𝘀𝘁, 𝗮𝗻𝗱 𝘀𝗰𝗼𝗽𝗲.” EVM shows not just where you are, but where you’re heading. • Integrates cost and schedule performance • Highlights variances early • Provides a single performance baseline 👉 Do you think every project should mandate earned value tracking? #ProjectControls #ConstructionManagement #EarnedValueManagement #Scheduling #DataAnalytics #ConstructionTechnology

🎯 𝗖𝗼𝘀𝘁 𝗼𝘃𝗲𝗿𝗿𝘂𝗻𝘀 𝗵𝗮𝗽𝗽𝗲𝗻 — 𝘄𝗵𝗮𝘁’𝘀 𝘆𝗼𝘂𝗿 𝗳𝗶𝗿𝘀𝘁 𝗺𝗼𝘃𝗲? 💰 𝗖𝗖𝗣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 #1️⃣0️⃣ During a monthly review, you notice that the project actual cost is much higher than planned, and stakeholders demand an immediate solution. What should the cost professional do FIRST? A. Re-baseline the cost plan to match actual spending B. Perform root cause analysis for the variance and forecast impact C. Submit a change request to increase the budget D. Inform stakeholders that overruns are temporary 💬 𝗗𝗿𝗼𝗽 𝘆𝗼𝘂𝗿 𝗮𝗻𝘀𝘄𝗲𝗿 𝗯𝗲𝗹𝗼𝘄 & 𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲 for more CCP real-world scenarios! ✅ 𝗔𝗻𝘀𝘄𝗲𝗿 𝘁𝗼 𝗖𝗖𝗣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 #9️⃣: 𝗕 – Analyze cost variances and identify their root causes Explanation: Understanding variance sources is critical before corrective action. #𝗖𝗖𝗣 #𝗖𝗼𝘀𝘁𝗖𝗼𝗻𝘁𝗿𝗼𝗹 #𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝘀 #𝗔𝗔𝗖𝗘 #𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿

📐 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 𝗶𝘀 𝗮𝗻 𝗮𝗿𝘁 — 𝗰𝗮𝗻 𝘆𝗼𝘂 𝗽𝗶𝗰𝗸 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝘁𝗲𝗰𝗵𝗻𝗶𝗾𝘂𝗲? 📅 𝗣𝗦𝗣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 #2️⃣1️⃣ Which method is used to compare actual project performance against the schedule baseline to determine variances? A. Earned Value Analysis B. Critical Path Method C. Time Impact Analysis D. What-If Analysis 💬 𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝘆𝗼𝘂𝗿 𝗮𝗻𝘀𝘄𝗲𝗿 & 𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲 for more PSP insights! ✅ 𝗔𝗻𝘀𝘄𝗲𝗿 𝘁𝗼 𝗣𝗦𝗣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 #2️⃣0️⃣: 𝗔 – Fast-Tracking Explanation: Fast-tracking overlaps activities to recover time without adding extra cost, unlike crashing. #𝗣𝗦𝗣 #𝗔𝗔𝗖𝗘 #𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲𝗖𝗼𝗻𝘁𝗿𝗼𝗹 #𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿 #𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗖𝗼𝗻𝘁𝗿𝗼𝗹

What is Time Schedule Assessment? Most professionals are familiar with the well-known DCMA 14 points checklist. But this reference goes a step further providing a structured framework for Schedule Assessment, helping you evaluate not just logic and float, but also how the schedule truly aligns with project performance. Your thoughts are highly valued. —————————— #Mohamad_Faiad #Claims_and_Contracts_Talk

Just completed a highly insightful webinar hosted by American Society of Professional Estimators on “𝘌𝘴𝘵𝘪𝘮𝘢𝘵𝘪𝘯𝘨 𝘌𝘳𝘳𝘰𝘳𝘴: 𝘗𝘳𝘦𝘤𝘰𝘯𝘴𝘵𝘳𝘶𝘤𝘵𝘪𝘰𝘯 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘵𝘳𝘶𝘤𝘵𝘪𝘰𝘯” presented by Jerry Aliberti The session focused on how critical estimating mistakes often surface only during project execution when it’s too late to correct them without significant cost, time, or quality impacts. 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: Common estimating pitfalls include 𝐃𝐢𝐫𝐞𝐜𝐭 𝐂𝐨𝐬𝐭 𝐌𝐢𝐬𝐭𝐚𝐤𝐞𝐬, 𝐎𝐯𝐞𝐫𝐡𝐞𝐚𝐝/𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧 𝐂𝐨𝐬𝐭 𝐄𝐫𝐫𝐨𝐫𝐬, 𝐕𝐞𝐧𝐝𝐨𝐫/𝐒𝐮𝐛𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫 𝐄𝐫𝐫𝐨𝐫𝐬, 𝐚𝐧𝐝 𝐌𝐢𝐬𝐜𝐞𝐥𝐥𝐚𝐧𝐞𝐨𝐮𝐬 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐄𝐫𝐫𝐨𝐫𝐬. Avoiding these errors requires: ▸ Reliance on updated historical data ▸ Detailed takeoffs and cross-checking labor & equipment reports ▸ Strong collaboration & communication among stakeholders A proactive approach in identifying even minor risks can prevent major impacts on overall estimates. Considering vendor escalations and lead times is essential for accurate projections. What stood out most was Jerry’s forward-looking insight: 𝐀𝐈 𝐦𝐚𝐲 𝐬𝐨𝐨𝐧 𝐫𝐞𝐩𝐥𝐚𝐜𝐞 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐭𝐚𝐤𝐞𝐨𝐟𝐟 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞, 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐨𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐞𝐚𝐫 𝐟𝐮𝐭𝐮𝐫𝐞. A big thanks to American Society of Professional Estimators and Jerry Aliberti for sharing valuable knowledge that will help refine estimating practices and reduce project risks.

1. Resource Leveling Purpose: Fix over-allocation of resources (when demand exceeds availability). How it works: Activities are delayed until resources are available. Priority is given to resource availability over deadlines. Impact on project: Project duration may increase (end date can shift). Critical path may change. Example: If one crane is needed for two tasks at the same time, you push one task later, even if the project gets longer. --- 2. Resource Smoothing Purpose: Optimize resource use without changing the project end date. How it works: Activities are adjusted within their float/slack. Ensures resource demand does not exceed limits while keeping deadlines. Impact on project: Project duration stays the same. Only flexibility within float is used. Example: If you have a team overloaded on Monday but free on Wednesday, you shift some non-critical tasks (within float) to Wednesday, but still finish the project on time. --- ✅ Key Difference in One Line: Leveling may extend the project → used when resources are over-allocated. Smoothing keeps the same project duration → used to make resource usage more balanced and realistic.

⏱ 𝗣𝗦𝗣 𝗤𝗨𝗘𝗦𝗧𝗜𝗢𝗡 #30 You are reviewing the schedule performance index (SPI), and it is calculated as 0.82. What does this indicate about the project? ➤ A. The project is ahead of schedule ➤ B. The project is behind schedule ➤ C. The project is on schedule ➤ D. The project has a cost overrun ✔ 𝗔𝗻𝘀𝘄𝗲𝗿 𝘁𝗼 𝗣𝗦𝗣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 #29: 𝗕 – Perform schedule compression techniques such as crashing or fast-tracking 𝗘𝘅𝗽𝗹𝗮𝗻𝗮𝘁𝗶𝗼𝗻: When critical path delays occur, the correct next step is to explore compression options, not re-baseline immediately. Get more challenges from here: https://lnkd.in/dPFFCJGu #𝗣𝗦𝗣 #𝗔𝗔𝗖𝗘 #𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 #𝗘𝗮𝗿𝗻𝗲𝗱𝗩𝗮𝗹𝘂𝗲 #𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝘀

We often come across LinkedIn posts emphasizing that a project program is not the same as the project plan. But what exactly is the purpose of a program then? It's quite perplexing that senior managers subscribe to this misconception. - Achieving an Extension of Time (EOT) is a crucial aspect of a program. - Efficiently planning and managing cash flow is a key function of a program. - Forecasting and monitoring labor effectively falls under the purview of a program. - Providing foresight to trades through look-aheads is a significant role of a program. - Issuing an Early Warning Notice (EWN) is an essential task within a program. - Handling a Delay Notice (DN) is also part of the responsibilities encompassed by a program. #LogicMEP #ConstructionPlanning #MEP #ProjectDelivery #DelayAnalysis #ConstructionUK

🎯 𝗖𝗮𝗻 𝘆𝗼𝘂 𝘀𝗽𝗼𝘁 𝘁𝗵𝗲 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗿𝗶𝘀𝗸 𝗵𝗲𝗿𝗲? 📐 𝗣𝗦𝗣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 #2️⃣6️⃣ While updating the project schedule, you notice that two parallel paths now have equal total float and both can impact the finish date. What does this indicate? A. The project now has multiple critical paths B. There is an error in logic or constraints C. The float has been incorrectly calculated D. The baseline needs re-approval 💬 𝗗𝗿𝗼𝗽 𝘆𝗼𝘂𝗿 𝗮𝗻𝘀𝘄𝗲𝗿 𝗯𝗲𝗹𝗼𝘄 & 𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲 for more PSP real-world scenarios! ✅ 𝗔𝗻𝘀𝘄𝗲𝗿 𝘁𝗼 𝗣𝗦𝗣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 #2️⃣5️⃣: 𝗔 – A new constraint or calendar change was applied Explanation: Constraints or calendar adjustments often cause negative float or unexpected changes. #𝗣𝗦𝗣 #𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 #𝗔𝗔𝗖𝗘 #𝗖𝗿𝗶𝘁𝗶𝗰𝗮𝗹𝗣𝗮𝘁𝗵 #𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿

🔔 Share with your teams! We break down each assessment type in Fiable so you know when to use each one and why: 1️⃣ Tender Evaluation 2️⃣ Project Monitoring 3️⃣ Concentration Risk 4️⃣ Financial Limit   🎉 Bonus: Next month’s feature drop includes a smarter ordering flow, guiding you through each assessment type step-by-step!