PROJECT MANAGEMENT BY QUANTITIES
Traditional project management focuses on breaking the project down and estimating the time and number of people for each task.
But people are notoriously unreliable at predicting how long a task will take. And managing an engineering or construction project this way would be disastrous.
Typically, there are many separate companies working together in a consortium. They work for competing firms but must work together for this project.
A small problem or misunderstanding can quickly escalate into disputes and costly delays. Don’t waste time and money arguing and apportioning blame.
Instead, invest your time and energy into better information and better planning. So that you can all work together to complete your project profitably.
CO-OPERATIVE EFFICIENT PROJECTS
Based on earned value management (EVM) principles
Managing projects by quantity, or ‘earned value’, is more reliable. Fallible estimates of “time needed” are replaced by basing future work rates on actual completed work.
- Record the quantity of work completed every day.
- Share progress and updated plans every day to all stakeholders.
- Provide one consistent and accurate set of information online, so everyone can work together effectively as partners.
No more working off an old version of the plan. No more wasting time on spreadsheets and email attachments. No more cutting and pasting between different systems.
Ensure everyone has the latest information, so that small problems are solved together collaboratively.
Easy to Use
On site, each contractor or team can
- Check the latest information.
- Record the quantity of work they completed each day.
- Revise task start and completion dates.
And when they are back in the office, they can work with the exact same information. Easily seeing more data from across the entire project at the same time.
Easy to Manage
Instead of each contractor entering their data in their own systems, all the information is in one place and always up-to-date.
- You are in full control of who can see what information, who can edit data, and even audit each data change.
- You can easily check progress to see where parts of the project are falling behind and plans need updating.
Dashboards and reports highlight the critical path to clearly identify the impact of changes to enable transparent, efficient co-operation between contractors.
Further Information
The Project Management by Quantities software is provided by a partnership between 3G-Eres and Krescendo, powered by the LiveDataset platform.
For pricing and further information, please contact 3G-Eres at 3g‑eres.com.