(SK-3036) (Presentation Only) Overview of Construction Claims and Disputes - S&K Chapter 26
Author(s)/Presenter(s): James G. Zack, Jr. CFCC FAACE Hon. Life
This presentation discusses the 11 basic types of construction claims included in most standard contracts used throughout the U.S. – AIA, ConsensusDOCS, EJCDC, etc. The webinar outlines the entitlement and causation elements of each type of claim that the claimant must demonstrate to justify their right to prevail. The webinar highlights the following types of construction claims – claims for directed changes; constructive changes; differing site conditions; directed suspensions of work; constructive suspensions; force majeure events; delays; accelerations; constructive accelerations; terminations for convenience; and, terminations for default. The presentation also identifies several types of owner claims against contractors. The elements of the burden of proof required of all claimants are presented. The basic requirements concerning damages are covered. A discussion of claims under various project delivery methods and a summary of an accepted claims preparation and analysis methodology are included in this webinar. The presentation will conclude with an outline of various dispute resolution methodologies.
(SK-3059) (Presentation Only) Feng/Richards Method and Application Using Power BI
Author(s)/Presenter(s): Steve Feng; Julianne Richards, PSP
The current use of common project controls reports as Summary Financial Statements, CPM Gantt Schedules, and Earned Value charts, have been beneficial for traditional methods of project controls. These reports require details and precision that often is timely, error prone, and costly to develop. Feng/Richards method is a proposed method of project controls management that focuses on a process to quantify a project as required and otherwise, qualifying other areas in project controls. The method explains how quantified scope is utilized for faster decision making.
Today, we have an unlimited compository of data, computer engines capable to return results faster than a blink of an eye, and tools available to everyone. These technological advances allow us to expand on our current methods to increase accuracy, precision, and time of decision making. As a follow up to Skills and Knowledge of AACE 2018, Power BI, we will continue the track with review of intermediate level features and explain the application of the Feng/Richards Method.
(SK-3103) (Presentation Only) Intelligent Forecasting Using Earned Value Management - Extensions of Tradition S-Curve Analytics
Author(s)/Presenter(s): Michael Bensussen
Project reporting tools that generate graphical representations of performance data will continue to be a mainstay of project management best-practice. If a picture tells a thousand words, then the performance reporting S-Curve is an invaluable tool. An S-curve (sometimes called a “cumulative distribution chart,” “velocity diagram,” or “EVMS plot”) is an illustration of the project’s cumulative cost, labor hour progress, and/or other quantity data-points plotted on an axis as a function of time. The term is self-evident upon viewing such an illustration; the cumulative plot of the data points usually resembles the shape of the letter S. But for a majority of the iterations this author has encountered, the traditional S-Curve leaves much to be desired. In terms of conveying the most useful information in the timeliest of fashions, there is room for improvement. A typical S-Curve will focus on the ground that the project has already tread and pay less attention to informing the audience with regard to where the project is going. In an effort to complement and enhance the value of the traditional S-Curve, this presentation will recommend the inclusion of Earned Schedule metrics, Performance Drawdown indicators and the use of Forecast Factoring to inform projections of remaining BCWP on the project. With tried and true, real world case studies to draw from, it is this presenter’s aim that other EVM and Project Management practitioners will find these methods beneficial for use on their own projects.