10. Project Evaluation and Management Sytems

Question 1

Project evaluation

Answer 1

A true picture of the project as it progresses over its life cycle
Real time dada about a projects performance
Information - timely and accurate
Identity variances
Make informed and goal oriented decisions
The project dashboard offers a progress report whenever you want it

Question 2

Project evaluation continued

Answer 2

Scorecards (dashboards)
KPI’s - key performance indicator
- define what to track - metrics (schedule, cost, safety, risk)
- set targets - acceptance criteria and thresholds
- populate the measures - perform analysis
-communicate the results - presenting the data
-monitor trends - corrective and preventive actions

Question 3

Project controls

Answer 3

Time and cost (out of control)
Independent but linked
Schedule changes => cost changes

To avoid such a disaster use a system that measures actual performance against anticipated performance

• dynamic (throughout the project lifecycle
• reliable
• timely

Time and cost create the foundation of project controls but not the only parameters

Question 4

What is project controls

Answer 4

The function of integrating schedule and cost data to establish a baseline for monitoring, measuring; controlling; and predicting project performance

• aspect of project management (on track, on time, within budget)
• effective communication
• assists management decision making
• performed by project manager or by discipline called project controller

Collecting of data, organizing the data in a way it can be analyzed, analyzing the data, to provide useful information for decision making

Question 5

Project controls process

Answer 5

Create a plan
Measure performance
Evaluate deviations
Corrective actions

Question 6

Management systems

Answer 6

Effective way to communicate data

Charts:

• histograms
• bar chart
• pie chart
• line (trending) chart

Question 7

Management concepts

Answer 7

Building information management 
(BIM) 
Using a computer software 
Building a project in a virtual world before building it in a real world 
Identify conflicts and discrepancies

Question 8

Synchro

Answer 8

4D project management software

Question 9

Lean construction

Answer 9

• Toyota production system (TPS)
• eliminating waste to provide value to the owner
• seven wastes

Question 10

Seven wastes - TIM WOOD

Answer 10

Transport 
Inventory 
Motion 
Waiting 
Over processing 
Overproduction 
Defects

Question 11

Sigma six

Answer 11

Developed by Motorola
Eliminating defects from the process
The goal is zero defect

Question 12

Total quality management (TQM)

Answer 12

• provide higher quality products and services

- the gals is to improve quality

Question 13

ISO 9000

Answer 13

• international organization for standardization

- focuses on quality to ensure the companies meet the customer needs