Construction Delays are unplanned events that happen during both work planning and execution that result in a cost and/or schedule variance to the original project plan. Delays can impact your project cost and extend your project delivery schedule. Delays may also result in litigation if there is a dispute over who was responsible for the project delay – so it is critical to capture, analyze and resolve project delays quickly, and know who is responsible for each delay. Capturing, assessing and reporting on delays is a standard project management process to manage the unplanned events that happen during the planning and execution of any major project.
Subject Matter Expert series on Project Controls
Project Managers on construction and maintenance projects need a solid understanding of the fundamentals of Earned Value Management (EVM or Earned Value Analysis – EVA) and how to produce an S-Curve report to update stakeholders on the project’s health. EVM is a standard project management process that measures your project’s progress and performance by combining scope, schedule and cost – the iron triangle of Project Management – into an integrated system of monitoring and reporting.