4castplus Blog

4castplus Blog

07 7, 2020

The 2020 Project Controls Expo has gone virtual!

The coronavirus pandemic may have upended operations and activities across nearly all industries around the globe, but the world's largest project controls event of the year, 2020 Project Controls Expo  is moving forward, but in a modified platform. Attendees can still take advantage of all the presentations, technical sessions and networking opportunities – but this year from the comfort of their office or home office.  For those who aren’t familiar with Project Controls Expo, it is one of the world's most respected Project Controls event dedicated to its advancement.  If you’ve never attended a Project Controls Expo in the past, this may be an ideal opportunity to experience the value and impact Project Controls can have when used effectively. Best part, no travel involved!

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08 8, 2015
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08 8, 2015

Linking Budget and Schedule – it’s a Challenging Task

One of the first principles of project controls is that the project budget has to be time-phased over the duration of the project. Here’s why: It’s not enough to simply know the total budget for a project – it’s critical to also know when that budget is planned to be spent. In other words, each quantity of material, labor hour or subcontractor service that’s planned for the project, is planned to occur at a particular time on the project.

Click here to learn more about time-phased budgeting

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25 25, 2014

What’s the Difference Between a Change Order, Change Forecast and Budget Transfer?

Changes are inevitable on projects. No project manager in their right mind moves forward with a project not expecting changes to happen - fluctuations in scope, cost, schedule and activity can happen almost daily.  In this article, I want to tackle a segment of change management that I often come across in conversations. Which is: the different types & states of Change Events that can be registered on a project; and some of the nuances of each. The three main project change events are:

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19 19, 2014

EVM Explained: Variance

“If you keep going at this speed, you’re going to be late!”

That’s my simplistic real-life analogy of earned value management. It’s a simple bit of math that we all do in our heads anytime we’re trying to get somewhere or finish something.  If you gave yourself an hour to get there and after a half-hour you’re still less than half-way, you’re going to be late.  It’s that simple. As simple as it is, it requires us to know quite a bit of information about the current situation in order to calculate late vs. on-time.  Just like EVM, you need to know 3 key elements to make the calculation:

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