Kul Bhushan Uppal’s Post

Programmes are an estimate of the time and sequence of the works. They forecast the events and are therefore theoretical. They can be well thought out and detailed, providing more surety but there is always the risk involved meaning they cannot be a certainty.

A Programme is an Estimate, Not a Certainty   A programme is essentially a forecast—a plan for how to get from Point A to Point B. But in construction, it's rare for everything to go exactly as planned without some form of deviation. This is because construction projects are inherently complex, involving multiple interfaces, numerous unknowns, and various risks.   One of the key considerations is getting your planned outputs right. While some maintain the same outputs for every job, others adjust based on specific site constraints. Keeping a record of the outputs achieved during delivery is a good idea, but it only becomes robust when the resource levels and constraints are also recorded. These factors are the driving considerations for what was actually achieved on-site.   Sometimes, planned outputs may not be adequate—whether due to an error in estimation or unforeseen changes. Adjusting these outputs based on actual site production can provide a more realistic forecast of potential impacts or offer the necessary insight for mitigation decisions on-site. In essence, flexibility and accurate record-keeping are key to maintaining a programme that remains relevant and reflective of the realities on-site.   #ConstructionManagement #ProjectPlanning #ProgrammeManagement #DelayAnalysis #ConstructionProjects #RiskManagement #PlanetalLimited

Cost estimation is the secret to project profitability.

How to prepare a construction project schedule: 1. Define project scope and objectives 2. Identify major tasks and activities 3. Estimate task durations and sequencing 4. Develop a project timeline (Gantt chart) 5. Establish milestones and deadlines 6. Identify dependencies and critical path activities 7. Assign resources and labor costs 8. Review and revise the schedule as needed 9. Finalize and communicate the schedule to stakeholders 10. Regularly update and monitor progress against the schedule. This step-by-step approach helps ensure a comprehensive and realistic project schedule. #projektkrew #projectmanagement #constructionmanagementconsultancy #planningandscheduling #contractsmanagement #costmanagement #estimation #projectmanagementconsultancy #consultancy

Estimation is the compass that navigates project costs.

𝐍𝐨𝐭 𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝐃𝐫𝐚𝐟𝐭 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐞 𝐑𝐞𝐯𝐢𝐞𝐰𝐬 Problem: Construction teams rely too heavily on formal submissions without engaging in informal interactions beforehand, which increases the risk of rejections, resubmittals, and delayed payments. Impact of Skipping Draft Reviews: - Disruptions in construction management - Unanticipated issues at final submission - Delayed payments - Increased risk of rejections and constant resubmissions Why This Happens: - Teams wait for formal submissions instead of holding proactive discussions. - Unclear contract details make draft reviews optional or confusing. - Project teams underestimate the value of informal submissions. Ideal Process: 1. Draft Schedule Submission: Contractor submits a draft schedule. 2. Owner Review: Owner takes a couple of days to review. 3. Update Meeting: Parties discuss the draft. 4. Final Submission: Contractor submits the formal schedule. *4 Key Focus Areas for Draft Reviews:* 1. Overall Status: Compare current and previous completion dates and milestones. 2. Critical Path: Identify any changes in the critical or near-critical paths. 3. Plan Changes: Discuss why the plan has shifted and raise questions for the contractor. 4. Top Priorities: Focus on the most important 3-5 items for both parties. Holding draft schedule reviews helps avoid surprises, speeds up acceptance, and improves project flow. #projectmanagement #projectschedule #planning #scheduling

👉𝑯𝒐𝒘 𝒕𝒐 𝑬𝒔𝒕𝒊𝒎𝒂𝒕𝒆 & 𝑪𝒂𝒍𝒄𝒖𝒍𝒂𝒕𝒆 𝑷𝒓𝒐𝒋𝒆𝒄𝒕 𝑩𝒖𝒅𝒈𝒆𝒕 🚧𝐂𝐨𝐬𝐭 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐢𝐨𝐧 Quantitative assessment of amount likely to be spent to complete project 🚧𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐁𝐮𝐝𝐠𝐞𝐭 Total cost required to complete project tasks & contingency reserve for known risks Budgeting is process, not project event Budget is developed at project start & later refined as more info becomes available about project & detailed WBS prepared At project start, Rough Order of Magnitude (ROM) estimate created, with accuracy range -25% to +75%, result in outcomes to get initial budgetary approvals & get project off ground ROM estimate further refined into preliminary estimates when more information becomes available After creating detailed WBS, definitive estimates developed with accuracy range -5% to +10%. 💫𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐁𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 》Essential to secure funding 》Essential to make good project plan 》Essential to manage project, as budgetary estimates address cost constraints 》Compare actual costs against approved budget to determine variance 》Help improve project profitability #projectmanagement #budgeting #finance #costestimation #projectfinance #construction #engineering #business #management

🌟 Mastering Estimating in Construction: Your Ultimate Guide 🌟 Estimating is an essential skill in the construction industry, whether you're involved in cost control, project management, or planning. Accurate estimates ensure successful project execution, minimize risks, and improve overall efficiency. 🛠️ In my latest slideshow, I cover everything you need to know to master Estimating in the construction field: 📊 Definition of Estimating: What it really means and its importance on projects. 📝 Types & Methods: Top-down, bottom-up, parametric, and more. 🎯 Accuracy & Techniques: How to achieve reliable estimates. 📅 Effort & Duration: Understanding and calculating effort needed for tasks. 📐 Contingency & Assumptions: Applying contingencies and making realistic assumptions to mitigate uncertainties. ✅ Verification: Ensuring estimates align with project objectives. Whether you're a seasoned professional or just starting out, mastering these key areas will give you an edge in delivering successful projects. 👉 Learn more by checking out my full guide and let's dive deep into the world of accurate estimating. #Construction #Estimating #ConstructionEstimating #CostManagement #ProjectControl #ConstructionPlanning #EstimationTechniques #ProjectManagement #LinkedInLearning #AccurateEstimates

Defining Scopes of Work: Protect Yourself from Cost and Schedule Overruns. A detailed scope isn’t just a list of tasks; it’s the foundation for managing your budget, timeline, and quality expectations. Without it, your project can be exposed to delays, unexpected costs, and miscommunication. How to Define a Solid Scope of Work: 1️⃣ Be Specific About Tasks and Deliverables: ▪️ Break the project into phases and list all major activities within each phase. ▪️ Identify which tasks are the responsibility of each contractor or trade. For example: “Framing contractor to install pre-approved fire-blocking per design drawings.” 2️⃣ Outline Materials, Quality Standards, and Methods: ▪️ Specify material types and standards (e.g., “FSC-certified lumber” or “Low-E glass windows”). ▪️ Include detailed installation methods to avoid shortcuts that could impact performance. 3️⃣ Clarify What’s Not Included: ▪️ Avoid ambiguity by listing exclusions explicitly. For instance: “Landscaping and irrigation are not included in this contract.” ▪️ This helps manage expectations and reduces the likelihood of scope creep—where additional work is added without proper approval or budget adjustments. 4️⃣ Set Deadlines and Milestones: ▪️ Assign deadlines to critical tasks and define key milestones, like “Foundation poured and inspected by November 15.” ▪️ This creates accountability and makes it easier to spot potential delays early. 5️⃣ Incorporate Contingencies and Change Management Processes: ▪️ Outline how change requests will be handled. If additional work is required, clarify how costs and timelines will be adjusted, ensuring transparency. Need help managing your project with clear, well-defined scopes? Let us take the reins and ensure your investment is protected. Talk to us today about your project! #DevelopmentManagement #ProjectManagement #ConstructionPlanning #BudgetControl #OwnersRepresentation #CostManagement #ScopeOfWork #SOW #DefiningScope #BudgetManagement #FinancialPlanning #BudgetPlanning #DevelopmentScheduling #Planning #Construction #ControllingCost #Miscommunication #Development #RiskManagement #ConstructionMaterials #Milestones

𝑪𝑶𝑺𝑻 𝑪𝑶𝑵𝑻𝑹𝑶𝑳 𝑻𝑬𝑹𝑴𝑰𝑵𝑶𝑳𝑶𝑮𝑰𝑬𝑺 1. 𝑪𝑶𝑵𝑻𝑰𝑵𝑮𝑬𝑵𝑪𝒀 𝑩𝑼𝑫𝑮𝑬𝑻 - Additional funds are set aside to cover unexpected costs, mitigating unforeseen risks or changes during the project. 2. 𝑭𝑶𝑹𝑬𝑪𝑨𝑺𝑻𝑰𝑵𝑮 - Predicting future project costs based on historical data and current trends. 3. 𝑪𝒐𝒔𝒕 𝑷𝒆𝒓𝒇𝒐𝒓𝒎𝒂𝒏𝒄𝒆 𝑰𝒏𝒅𝒆𝒙 (𝑪𝑷𝑰) - A measure of cost efficiency calculated by dividing the earned value by the actual cost. 4. 𝑺𝒄𝒉𝒆𝒅𝒖𝒍𝒆 𝑷𝒆𝒓𝒇𝒐𝒓𝒎𝒂𝒏𝒄𝒆 𝑰𝒏𝒅𝒆𝒙 (𝑺𝑷𝑰) - A measure of schedule efficiency is calculated by dividing the earned value by the planned value. 5. 𝑪𝑶𝑺𝑻-𝑩𝑬𝑵𝑬𝑭𝑰𝑻 𝑨𝑵𝑨𝑳𝒀𝑺𝑰𝑺 - A method for evaluating the potential return or benefits of a project against its costs. 6. 𝑪𝑶𝑺𝑻 𝑶𝑭 𝑸𝑼𝑨𝑳𝑰𝑻𝒀 - The expenses associated with ensuring that the project meets quality standards and requirements. 7. 𝑳𝑰𝑭𝑬 𝑪𝒀𝑪𝑳𝑬 𝑪𝑶𝑺𝑻𝑰𝑵𝑮 - Assessing the total cost of ownership over the entire lifespan of a construction project, including initial construction, operation, and maintenance. 8. 𝑪𝑨𝑺𝑯 𝑭𝑳𝑶𝑾 𝑭𝑶𝑹𝑬𝑪𝑨𝑺𝑻𝑰𝑵𝑮 - Predicting the timing and amount of cash inflows and outflows throughout the project. 9. 𝑽𝑨𝑳𝑼𝑬 𝑬𝑵𝑮𝑰𝑵𝑬𝑬𝑹𝑰𝑵𝑮 - A systematic approach to optimizing project value by analyzing functions and reducing costs without sacrificing quality. 10. 𝑪𝑶𝑺𝑻 𝑻𝑹𝑨𝑪𝑲𝑰𝑵𝑮 - Monitoring and recording project expenditures to ensure they align with the budget.