The Challenge – Maintaining cost control and scope
Maintaining effective control over project costs and scope is vital to success.Project management is more critical than ever as projects are becoming more complicated and margins are being challenged. As a concept this is nothing new.However, recent trends suggest that this function be given renewed focus and attention.
Project management software has evolved enabling companies to achieve greater bottom line profit even faced with lower margins. Every size of company can now access project management software.
Modern communication has enabled project managers to share information faster than ever before. The good news is this has led to faster awareness of issues within projects. The bad news is it has also increased demand for quick adjustments to project plans within increasingly compressed project lifecyles.
The implication is that companies are managing broader project portfolios that are yielding increasingly diminishing returns.In this context there is little margin for error. Projects must on budget and on time. Changes must be executed expediently and effectively in order to maintain the margin. Cost and scope controls must be developed to ensure profitability is maintained throughout the project.Given this scenario there is no question, software is important, and warrants special attention. Equally important are analytics and project reviews. Projects need to be reviewed within the Earned Value Management context.
Projects left to traditional project management approaches and techniques are increasingly becoming less profitable
what is measured gets managed. Now more important than ever in the ever increasing complicated projects
How We Can Help
We understand that project lifecycle management can be a complex undertaking. To this end we offer a range of software and services, targeting what we have found to be the most acute pressures.
Interim Project Management
Projects typically require more effort as they are implemented. For some, resource is not required year round, for others the pressures of certain projects require incremental support. We offer experienced project management resource that will work with your project team to ensure your most project is successful from start to finish
Visibility is now more than critical than ever before, our solution offers the opportunity to gain a clear understanding of project and program schedule and cost performance and bring attention to problem areas with exception-based reporting. Clients uncover deep insights into projects, as well as complete history and trends over time. You will be able to quickly identify potential performance issues and correct problems throughout the project lifecycle. Make better project portfolio decisions thereby increasing project profitability.
Primavera Contract Management keeps construction projects on schedule and on budget through complete project control. It manages documents, supervises job costs and is a field controls solution. Project management involves groups of people representing different disciplines, from project managers, contract managers, and division managers to subcontractors, suppliers, and owners all trying to collaborate on a multitude of issues and changes while juggling multiple documents and contracts. Controlling your construction project’s plan, budget, forecast costs, and deliverables is vital to the success of your project and the future of your business