Level: Intermediate
Author(s): Lakshmanan Simhadri; Yogesh Srivastava; Glen Warren
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: Advanced Work Packaging (AWP) is a structured mechanism that was co-developed by Construction Industry Institute® (CII) and Construction Owners Association of Alberta (COAA) as best practice for project planning and execution. However, predictability and closer cost control are contingent on producing a good quality funding estimate.
This paper proposes the concept of enhanced estimating work process implementation to provide estimate quantities, cost and man-hours as close as possible to actuals when the project is completed. In addition, providing estimated man-hour inputs by construction work packages (CWP) and by contract to project controls will enable far superior construction planning, scheduling and control in the field.
Estimate details will align with the AWP boundaries of engineering work packages (EWP) and construction work packages (CWP) so that budget information is available at the same level which will facilitate data integration into various project software. It is of paramount importance that estimated material/equipment quantities also be tracked and reported at the EWP/CWP level commencing in the front end vs. the common traditional tracking by commodity level for the overall project.
Predictability of cost and schedule are among the most important KPIs by which success of a project will be judged.
Author(s): Lakshmanan Simhadri; Yogesh Srivastava; Glen Warren
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: Advanced Work Packaging (AWP) is a structured mechanism that was co-developed by Construction Industry Institute® (CII) and Construction Owners Association of Alberta (COAA) as best practice for project planning and execution. However, predictability and closer cost control are contingent on producing a good quality funding estimate.
This paper proposes the concept of enhanced estimating work process implementation to provide estimate quantities, cost and man-hours as close as possible to actuals when the project is completed. In addition, providing estimated man-hour inputs by construction work packages (CWP) and by contract to project controls will enable far superior construction planning, scheduling and control in the field.
Estimate details will align with the AWP boundaries of engineering work packages (EWP) and construction work packages (CWP) so that budget information is available at the same level which will facilitate data integration into various project software. It is of paramount importance that estimated material/equipment quantities also be tracked and reported at the EWP/CWP level commencing in the front end vs. the common traditional tracking by commodity level for the overall project.
Predictability of cost and schedule are among the most important KPIs by which success of a project will be judged.