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Level: Intermediate
TCM Section(s): 11.3. Information Management
Venue: 2020 AACE International Conference & Expo
Abstract: Construction firms usually focus on building the project. Recording events, tracking constraints, and monitoring progress often take a back seat. Therefore, opportunities to use available data, even when unstructured, is lost. Firms lose their ability to gather and study information, thus reducing their effectiveness in project planning, decision-making, and predictive analysis.
The value of schedule management must be improved before project planning and decision-making can be enhanced. Many firms keep multiple schedules that are out-of-sync, and so the potential of detailed planning and a well-constructed master schedule is missed. Improving the collection and integration of meaningful data while updating a single master schedule allow firms to anticipate and provide insight into costly project issues and assist with planning current and future projects. Data can then be correlated in easy-to-analyze reports to improve project execution.
By using data from real-life projects, this paper demonstrates how these reports and analysis have been proven to assist in multiple ways, including change-order requests; weekly reporting on progress; identifying key project issues; analyzing internal issues vs. external issues; identifying progress impact trends, and developing predictive analytics to identify future trends.
TCM Section(s): 11.3. Information Management
Venue: 2020 AACE International Conference & Expo
Abstract: Construction firms usually focus on building the project. Recording events, tracking constraints, and monitoring progress often take a back seat. Therefore, opportunities to use available data, even when unstructured, is lost. Firms lose their ability to gather and study information, thus reducing their effectiveness in project planning, decision-making, and predictive analysis.
The value of schedule management must be improved before project planning and decision-making can be enhanced. Many firms keep multiple schedules that are out-of-sync, and so the potential of detailed planning and a well-constructed master schedule is missed. Improving the collection and integration of meaningful data while updating a single master schedule allow firms to anticipate and provide insight into costly project issues and assist with planning current and future projects. Data can then be correlated in easy-to-analyze reports to improve project execution.
By using data from real-life projects, this paper demonstrates how these reports and analysis have been proven to assist in multiple ways, including change-order requests; weekly reporting on progress; identifying key project issues; analyzing internal issues vs. external issues; identifying progress impact trends, and developing predictive analytics to identify future trends.