It’s no secret that costs are rising. We feel it at the grocery store and the gas station, among many other places. But project-driven organizations are feeling it too… in an exponentially larger way. With material costs ballooning and labor shortages still in full swing, there seems to be no end in sight for this […]
Simplifying Cost, Performance and Schedule Synchronization
September 28th, 2021
Integrating project costs and schedules is a goal for anyone wanting to truly understand where the project should be, and needs to be, in terms of progress, hours consumed and money spent. Difficulties with aligning work and cost breakdown structures, differences between cost loaded schedules and project budgets, and disconnected scheduling and cost control teams […]
Is the Enigma of Schedule and Cost Management Finally About to be Solved?
September 24th, 2021
For many decades, schedule and cost structuration methods have been used extensively on major construction projects. These methods have improved over time with the evolution of tools and lessons learned from the field. Nevertheless, every time I try to make schedule and cost really work together, I encounter problems that are generally unsolvable, particularly how to judiciously correlate a work breakdown structure (WBS) supporting a schedule and a cost breakdown […]