Level: Intermediate
TCM Section(s):
8.1. Project Control Plan Implementation
Venue: 2023 AACE International Conference & Expo
Abstract: The project controls plan (PCP) is a combined cost, schedule and staff management plan which should be implemented during the life of the project. Like other stakeholders, the owners have different objectives and level of involvement on the project, so they plan their works in a different approach.
The owners encounter some issues to plan and implement total cost management framework. For example, the earned value management system cannot be implemented correctly because of using improper tools and systems to process and pay the invoices, the owner’s summary schedule does not show the critical path of the project because of the utilized method to roll-up the contractor’s schedule with the master schedule, or the contingency drawdown is not properly defined.
In this paper, the project controls plan from owner’s perspective will be discussed. This paper recommends that owners provide the project controls plan to optimize the cost and required resources based on selected contracting strategy, risk allocation and selected tools and systems. In general, if the owners take more risk on the project, they should have more involvement and resources to manage the risks.
TCM Section(s):
8.1. Project Control Plan Implementation
Venue: 2023 AACE International Conference & Expo
Abstract: The project controls plan (PCP) is a combined cost, schedule and staff management plan which should be implemented during the life of the project. Like other stakeholders, the owners have different objectives and level of involvement on the project, so they plan their works in a different approach.
The owners encounter some issues to plan and implement total cost management framework. For example, the earned value management system cannot be implemented correctly because of using improper tools and systems to process and pay the invoices, the owner’s summary schedule does not show the critical path of the project because of the utilized method to roll-up the contractor’s schedule with the master schedule, or the contingency drawdown is not properly defined.
In this paper, the project controls plan from owner’s perspective will be discussed. This paper recommends that owners provide the project controls plan to optimize the cost and required resources based on selected contracting strategy, risk allocation and selected tools and systems. In general, if the owners take more risk on the project, they should have more involvement and resources to manage the risks.