Track Performance
Update Risk and Opportunities
P&M provides trained risk workshop facilitators and technical consultants in support of updating the risk registers for the Capital Construction projects. Monitoring and tracking risks should be be facilitated with additional risk workshops and updates throughout the project life cycle. Additionally, the Risk Register is regularly reviewed and updated via input from project meetings and…
Read MoreEarned Value Management
We track such things as Earned Value to see if the project is staying true to the budget and planned burn rate. Project controls become even more important when changes occur as a result of unforeseen conditions, scope change etc. Any time there are unforeseen expenditures, we document the cause of the changes and who…
Read MoreCost Controls
The most basic purpose of Cost Controls is to establish and control budgets, identify and evaluate cost trends and actual expenditures, and provide information needed to maintain an accurate forecast of cost at completion. Cost Controls consist of the tools and methodologies, and management best practices that enable projects to be delivered in a cost-efficient manner and…
Read MoreSchedule Controls
Baseline Schedule ReviewSchedules are typically complex compilations of input from multiple stakeholders. A schedule review seeks to ensure that the schedule reflects the defined scope, is suitable for control purposes, meets the stakeholders milestone & contractual requirements, and all parties agree on and understand its content, including its probabilistic nature in relation to various agreements…
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