Project Selection: A Guide to Project Prioritization and Selection

October 2nd, 2018

There is no lack of project ideas in organizations today. Rather, there seems to be a problem of too many ideas, as a long pipeline of proposals wait in queue, competing for attention. Given the large scale and complexity of projects, as well as constraints in resources such as time and budget, the challenge is […]


Addressing Five Key Questions to Avoid Project Cost Overruns

September 27th, 2018

Professor Bent Flyvbjerg is a renowned expert in the field of project predictability and project cost overruns. He recently co-authored an article entitled “Five key questions about cost overrun.” According to the article, good practice entails: (a) Consistent definition and measurement of cost overruns; in contrast to mixing inconsistent baselines, price levels, etc. (b) Data collection that includes […]


Nostradamus for Projects (Part I): Building Predictability into Your Enterprise

April 25th, 2018

Predictability

Why is it the construction industry lags other sectors when it comes to productivity? Why are cost and schedule overruns the norm for engineering and construction projects? The answer to these questions is complicated. There are many factors that affect project outcomes. However, there is one critical factor people often overlook, but has a huge […]


Podcast: Maximizing Your Projects Performance

October 18th, 2017

Projects and portfolios often struggle to deliver their desired return on investment. Many in the projects business don’t standardize project prioritization, planning and delivery. They select projects without knowing whether they align with strategy. They can’t establish real performance baselines. With these limitations, what result should you expect? With EcoSys, we’ve always focused on project […]


EcoSys 8: Introducing Enterprise Project Performance

October 3rd, 2017

Expert businessman using business intelligence to sketch future growth and success with charts

Project controls is a vital part of successful project delivery. The ability to efficiently and accurately measure and forecast project performance can’t be understated. However, project controls alone is not enough. Consider a project that is flawlessly executed, on-time and on-budget, only to learn that it’s not strategic, doesn’t further an organization’s goals, and the […]


EVM: Management with the Lights On

August 31st, 2017

Earned Value Management (EVM) is a method using specific metrics to measure, forecast, and ultimately improve project performance. EVM has been shown to be a very strong indicator of the future performance of a project. In fact, when EVM is effectively deployed, it can be used to predict project performance +/- 10% when the project […]