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Struggling with project overruns? Let us introducing Tamara by Vose Software - your solution for realistic project risk analysis. 🚀 𝐊𝐞𝐲 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬: • Seamless integration with Primavera and MS Project • One-click schedule updates • Intuitive risk modeling with integrated spreadsheets • Fast simulation for instant results 💡 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬: • Set realistic targets and budgets •Identify key risk drivers •Evaluate risk management strategies Tamara helps you move beyond optimistic schedules to create resilient project plans. 𝐓𝐫𝐲 𝐨𝐮𝐫 15-𝐝𝐚𝐲 𝐟𝐫𝐞𝐞 𝐭𝐫𝐢𝐚𝐥 and experience the power of advanced statistical analysis in project management: 🔗https://lnkd.in/edtFZSbM 𝐋𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞:🔗 https://lnkd.in/gCNef6-z #ProjectManagement #RiskAnalysis #StatisticalSoftware #VoseSoftware #Tamara #RiskAnalysisSoftware

Levels of Project Control >> The below image is a project control pyramid. It shows the different levels of project control, from the corporate vision and mission statement at the top, down to the department procedures, forms, and templates at the bottom. >> The middle level of the pyramid shows the project controls frame works. This includes things like schedule planning, cost estimating, and resource planning. >> The text in the image also mentions some of the benefits of using project controls. These include improved project delivery, better risk management, and increased efficiency. >> Overall, the image is a summary of the different elements that are involved in successful project control.

𝗥𝗶𝘀𝗸 𝗠𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻: 𝗛𝗼𝘄 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝘀 𝗘𝗻𝘀𝘂𝗿𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 What’s the difference between a successful project and one that misses the mark? It’s all about managing risk—and that’s where project controls come in. In the AEC industry, risk is a constant companion. From project delays to budget overruns, the ability to foresee, analyze, and manage risks is what separates a successful project from one that misses its mark. At Summit Group, we understand that proactive risk mitigation starts with robust project controls. Here's how we empower our clients to stay ahead: 𝗣𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲 𝗥𝗶𝘀𝗸 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Utilizing advanced tools like Primavera P6, we create a transparent roadmap, identifying potential risks before they escalate. 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗗𝗮𝘁𝗮 𝗶𝗻𝘁𝗼 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀: Through integrated project controls, we turn data into actionable insights, enabling our clients to make informed, timely decisions. 𝗣𝗹𝗮𝗻 𝗳𝗼𝗿 𝗘𝘃𝗲𝗿𝘆 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼: Our team develops "what-if" analyses to help stakeholders understand the implications of potential risks and choose optimal mitigation strategies. 𝗨𝗻𝗶𝗳𝘆𝗶𝗻𝗴 𝗦𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲𝘀: Risk management isn’t a solo effort. We bring all parties together to ensure transparency and unified responses to challenges. At the Summit Group, we’re more than consultants; we’re your partners in building resilience into every phase of your project lifecycle. Whether you’re navigating the complexities of federal construction or private-sector megaprojects, our expertise ensures that risk becomes a manageable element, not a roadblock. Ready to transform risk into opportunity? Contact us today to see how our project controls expertise can secure your success. Visit us at www.summitgroupusa.com hashtag #riskmanagement #ProjectControls #AEC #ConstructionManagement #projectmanagement #ProjectSuccess #AgileProjectManagement #projects #planning #management #engineers #building #engineering #ProjectControls #PrimaveraP6 #RiskMitigation #ProjectManager #innovation #construction #scheduling #programmanagement #ProjectPlanning #ConstructionInnovation #TheSummitGroup

for Record i finally got a satisfying answer about the difference between Project Control and Project Management: Processes of Project Management fall within five categories: Initiating Planning Executing Monitoring & Controlling Closing/Completing According to the Project Management Institute (PMI)’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), project management knowledge draws on ten areas, two of which (cost and time) fit within project controls: 1- Integration 2- Scope 3- Time 4- Cost 5- Quality 6- Procurement 7- Human resources 8- Communications 9- Risk management 10- Stakeholder management yes the Project Controller must be involved in all 10 points to generate true result and suitable forecast, but he is not responsible for it is achievement or there control process

Project Scheduling – a good schedule is the backbone of a successful project! It is often said that "even though no one plans to fail, many fail to plan!" Yet even though Planning differs from Scheduling, many projects are run without proper Schedules or Scheduling, and by omitting the Value that Science, and Art of Scheduling add to a project; either assume project Scheduling as a redundant activity unworthy of attention, or limit it to documenting sporadic, and unrelated tasks, without considering the dependencies, and impacts one’s activity on others. And, as it is being experienced among even the large infrastructure, and mega projects, the common result is the absolute ©CHAOS; ©Completely Hectic After Omitting Scheduling; leading to Project Delay or Failure with Disputes and Claims! So, by ©making a world of project difference, at PM ERA, we do believe that a good project schedule is like a roadmap to success, where it guides the team, keeps everyone aligned, and helps navigate the project towards its destination on time and within budget! Additionally, at PM ERA, we are passionate about continually exploring uncharted grounds, challenging ourselves with clients' Project Setbacks, and helping them to achieve project excellence and outstanding project outcomes. And, since 2010, we've been a trusted partner for public, and private sector clients, providing expert guidance in: · Risk Management · Claim Management · Scheduling & Project Controls · Change Management · Contract Management / Administration · Cost Estimate · Project / Business Intelligence · Audit, Reporting and Documentation So, for all your existing, and or upcoming projects, even the ones that are currently being governed by schedules, be sure to reach us at pmera.com to discuss confidentially, and privately, the unparalleled values that we will be able to add. To reach us directly: https://lnkd.in/gH2mPPZi To learn more about our projects: https://lnkd.in/gdpFSezz To learn more about us: www.pmera.com For our Centralized, Real-Time & Dynamic Project Schedule & Data Dashboard Solutions: https://lnkd.in/g7s4JWFh For our revolutionary 4D Scheduling Solutions: https://lnkd.in/gRBag_bZ #projecmanagement #projectcontrols #projectschedule #linearscheduling #resourceloading #projectestimation #projectrisk #riskmitigarion #riskprevention #projectclaims #projectaudit #claimmanagement #projectchangemanagement #changemanagement #constructionmanagement #contractmanagement #contractadministration #buildinginformationmodeling #projectdashboards #projectreporting #narrativereport #projectnarrativereport #projectdata #projectdatasecurity #project4Dscheduling #4Dscheduling #Pimavera #Tolis #Turbochart #PowerBI #riskregister #costmanagement #pmi #PMBOK

PART 3: INTEGRATION WITH PROJECT MANAGEMENT: Integration of earned value data with project management processes. 1. Scope Management: Defining and controlling the work required for a project. Click link below to enjoy more information: https://lnkd.in/ey5MM46H 2. Time Management: Practices and techniques for efficient use of time to achieve specific goals. Click link below to enjoy more information: https://lnkd.in/eEvNhJwJ 3. Cost Management: Project cost control and forecasting, distinct from other management areas. Click link below to enjoy more information: https://lnkd.in/eSxMWHPC 4. Risk Management: Identifying, assessing, and mitigating potential project risks. Click link below to enjoy more information: https://lnkd.in/etFFBNZ4

What is Scheduling Risk Analysis and Why Does it Matter? In project management, uncertainties in the schedule can lead to significant setbacks. This is where scheduling risk analysis becomes a vital tool. By identifying potential risks early—whether it's resource bottlenecks, delays, or external dependencies—we can better prepare and stay on track. What techniques or tools do you use to mitigate scheduling risks in your projects? Let’s share best practices in the comments!

Most of us heard about Critical Path Method but what about Critical Chain? The longest resource-leveled path through the schedule, including buffers, is the critical chain. Critical chain focuses on the project schedule model activity and resource dependencies. The critical chain effectively eliminates most resource contention before the project starts and uses buffers for project control. It reduces project changes and the major source of project cost overruns by improving schedule performance. It accomplishes these results by changing the project measurement and control system along with certain behaviors of the project team and supporting personnel. The critical chain is often different from the critical path in CPM. The defining factors in the critical chain are buffer activities, resources that are not multitasked, resource leveling, and buffer management. Critical chain starts with a CPM schedule model, but differs from CPM in four main aspects: > The critical chain assumes that significant, unexpected risks that were unforeseen will materialize during a project and necessitate proactive actions. > The focus of managerial attention remains fixed throughout the project on the critical chain and rate of project buffer consumption. > The critical chain considers the magnitude of resource contention (based on the theory of constraints) in the calculation of project duration and scheduling of activities. > Instead of margins being distributed and hidden in individual activities, the margins are exposed and aggregated in buffers, thus reducing risk exposure to the project. The buffers are taken from the planned activity durations and do not increase the project duration. The critical chain introduces three types of buffers: feeding buffers, project buffers and resource buffers as follows: > Feeding buffers: As shown in Figure 2-10, feeding buffers are buffers (in duration) added to the schedule model where chains of noncritical tasks feed into a critical chain task. > Project buffers: Project buffers are durations added to the end of the project between the last project activity and the final delivery date or contracted completion date. > Resource buffers: Resource buffers act as early warning signals that ensure the timely availability of project resources by notifying the team of these resource requirements. They are set along the critical chain to ensure resources are available to work on the activities as soon as they are needed. Unlike project buffers and feeding buffers, resource buffers are not safety times added to the project, and they do not change the elapsed time of the project. The article is collected from "Practice Standard for Scheduling" 3rd Edition by Project Management Institute. #PMP #PMISP #ProjectScheduling #Planning #Scheduling #Projectplanning #Project #Projectmanagement

Any thoughts on Scheduling Risk Analysis? Join the conversation! Any questions on Scheduling Risk Analysis? Reach out to my dear colleague Frank!

𝑷𝒓𝒐𝒋𝒆𝒄𝒕 𝑪𝒐𝒏𝒕𝒓𝒐𝒍 : 𝑾𝒉𝒂𝒕 𝒊𝒔 𝒊𝒕 & 𝒘𝒉𝒚 𝒊𝒔 𝒊𝒕 𝒊𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕? Project Control are data gathering, data management & analytical processes used to predict, understand & constructively influence time & cost outcomes of project through information communication in formats that assist effective management & decision making Definition covers all project lifecycle stages from project initiating & scoping to closure, final learning from experience & analytical analysis of overall project performance 𝐖𝐡𝐞𝐫𝐞 𝐝𝐨𝐞𝐬 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐂𝐨𝐧𝐭𝐫𝐨𝐥𝐬 𝐬𝐢𝐭? Project Control professionals sit within Project Team, work for & are responsible to Project Manager. They are the heart of the Project Team. If Project Management is concerned with making informed & accountable decisions, Project Controls are about necessity of being aware by informing, monitoring & analyzing to exercise control needed. Project Control professionals generate & maintain information brings awareness to Project Manager & Senior Managers so that control can be exercised 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐂𝐨𝐧𝐭𝐫𝐨𝐥𝐬 Depending upon how Project Controls are viewed will influence what is considered as component parts of function -Estimate initial baseline performance metrics -Determine current project status -Estimate future project potential -Identify any variances -Consider appropriate action to be taken to recover any positive variance Project Control are about measure & monitor controlling variables, these are principally time & cost aspects: •Planning & Scheduling •Risk Management •Cost estimating & management •Scope & Change Management •Earned Value Management •Document Control •Supplier Performance •Maintaining project baseline Reporting •Information Management 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐟𝐫𝐨𝐦 𝐀 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐂𝐨𝐧𝐭𝐫𝐨𝐥𝐬 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 Successfully delivered project require agreed project schedule follow Project Management Plan, contained within description of project scope, WBS & OBS. 𝐖𝐁𝐒 -Ties project scope, schedule & cost together -Follow project budget structure -Provide project reporting framework -Detailed to lowest level of deliverable items 𝐎𝐁𝐒 -Define organizational structure & roles required within project team to enable successful delivery -Identify specific accountability & responsibilities for delivery within team -Enable resource requirement & management 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐌𝐚𝐭𝐫𝐢𝐱 -Aligns people accountability & levels of responsibility against deliverable items of project scope -Generate basis of project’s control & assurance frame-work including Control Accounts & Control Account Managers (CAM) 𝐂𝐨𝐬𝐭 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 (𝐂𝐁𝐒) Inform further project breakdown at increased level of detail, reporting & budgeting requirement Full Article https://lnkd.in/dRdfp5cw #Sawy_Says