B5:  How to Assess an Ongoing Project

Saturday - Sunday, June 10-11, 2017 (1.5 DAYS)
1.2 CEUs

Description
Typically, construction projects are more subject to variations and uncertainties than projects of other fields, due to its nature of unknown quantities, long durations, dependence on steady labor production rates, likeliness of scope changes, multiple items to procure, and multiple stakeholders. As a result, an ongoing project has a high probability of showing deviations from the planned/budgeted conditions. Hence, project controls tools are necessary since the early beginning of the project. In this course, the facilitators show how to assess a project from a cost, schedule and contract administration standpoint, highlighting the importance of validating its assumptions, measuring its performance against the baseline and how to implement actions to bring the project back on track.

Content:  Intermediate

Key Learning Objectives
The student will be able to understand the best practices of cost validation, schedule validation, constructability review, value engineering, cost to incur, earned value management and claims prevention measures.

Knowledge Areas
Estimating
• Costing x pricing
• Cost validation
• Overruns x causes
• Earned value management

Planning/Scheduling
• Benefits of Planning & Scheduling
• Planning versus Scheduling
• Input/data for Planning
• Developing & using WBS in Planning

Procurement
• Types of contract
• Advantages of each type
• Strategic sourcing

Contract administration
• Types of contract
• Claims management

Risk
• Risk management tools
• Qualitative x quantitative analysis

Agenda
 
Day 1
8:00 - 8:30 Introduction / Seminar Overview
8:30 - 10:00 AACE cost estimating classes / PDRI
10:00 - 10:15 Break
10:15 - 12:00 Schedule specification (GAO, AACE RP) / Common pitfalls
12:00 - 1:00  Lunch
1:00 - 2:30 Cost estimating review / Cost drivers / Contingencies
2:30 - 2:45 Break
2:45 - 4:30 Constructability review / Value engineering
4:30 PM Adjourn

Day 2
8:00 - 9:45 Earned value basics / Measurement of progress
9:45 - 10:00 Break
10:00 - 11:00 Contract administration basics / Claims prevention
11:00 - 12:00 Risk management / Risk owners
12:00 Adjourn
 
Aldo MattosInstructor:  Aldo Mattos, CCP
Aldo Mattos is a construction project management consultant who assists owners, contractors and investors in project management, cost control, estimating, planning scheduling, feasibility studies and disputes resolution.Based in Brazil, his is a nationally recognized expert in project management, construction cost estimating and planning. He also holds a Law degree and a Masters degree in Geophysics. His international experience spans multiple industries, including power plants, renewable energy plants, transportation, public housing and environment, in more than 10 countries in America, Europe and Africa. His experience also includes the role of Owner’s Representative at an airport expansion project. Mr. Mattos is currently AACE Region 10 Director. Author of five books on construction cost estimating, planning and real estate policies, he is an active lecturer on a wide range of construction-related topics. He often presents papers at conferences. He is very skilled in training and motivating teams.
$1150 member / $1300 non-member
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Professional Development & Technical Resources