Strong utilizes earned value management systems to critique and measure contractor’s forward progress. With earned value management in place, we can assist any owner or contractor in monitoring cost and schedule performance to identify whether a project is behind/ahead of schedule and under/over budget. Earned value management services can also complimentscheduling services to ensure that the budget and the project schedule are monitored for any discrepancies.
Project controls are essential to keep complex construction projects on budget and on time. They help teams and stakeholders identify emerging risks early, before they become expensive, time-consuming problems. With advance warning, these issues can be mitigated or avoided altogether. Project controls also give leadership the data they need to set realistic expectations, manage subcontractors, and plan with confidence.
Our approach generally consists of:
- Planning: development of performance (cost, schedule, productivity, etc.) baselines
- Measurement: quantifying, forecasting, and tracking of project performance metrics
- Comparison: identifying and quantifying variances between the plan and project performance
- Recommendations: determining appropriate corrective or improvement actions (if necessary)
The benefits of project controls are many. When they are put in place and used appropriately, they contribute to increased efficiency, decrease in delays and cost overruns.