Blog

What is Takt time?

Are you interested in reducing waste as a result of better planning? How about creating a continuous work flow which helps you meet your project’s deadline and reduces your waste? It is neither rocket science nor magic, achieving these goals is simpler than you think. In fact, whenever I explain to managers about takt time planning, I always feel their confusion, as if they are still waiting to hear something new that ‘’they do not know’’. Hence, the concept is really familiar to us, however many lack a systematic approach to implement it.

Abdallah Baydounby Abdallah Baydoun

Read more

Keep your scheduling Lean with Oracle Prime

Introduction
Critical Path Method (CPM) schedules have been ruling the world of projects for a long time. Considering the benefits of CPM, that is quite understandable, isn’t it?

They provide the bigger picture of the project and allow for scenario and what-if-analyses, risk analyses, delay analyses and critical path analyses. They are useful for assessing the resource needs, they provide the team with due dates for ordering long lead items and they allow to include contingencies for risks.

Gert Truyensby Gert Truyens

Read more
Eyes-closed estimating

6 cost forecasting techniques in EVM (EAC/ETC)

Do you feel your budgeting process has failed from the start of your project? Have you learned that you overbudgeted or underbudgeted the activities in your performance measurement baseline (PMB)? Are you willing to take your Earned Value Analysis (EVA) to the next level? Then this is a blog post for you.

Niels Ligtvoetby Niels Ligtvoet

Read more

Correctly interpreting Activity Duration in Primavera P6

Duration and Calendar Duration, Time and Units/Time explained, P6 basic.

Time is of the essence. Both in project control and in our personal lives. As we’ve been dealing with time since childhood, you would assume we have learned to communicate on it effectively and unambiguously. But when someone says: “this activity is going to take 48 hours” you might take that as 2 days while he might’ve meant it will take two persons 3 8-hour-working days to complete.

Matthias van Campenby Matthias van Campen

Read more

Finally, a tool to manage Project Scope

For a long time, when thinking about Project Management, the first thing people associate to was scheduling. Naturally, most project-based software tools, like Microsoft Project or Primavera P3 and the subsequent Primavera P6 Professional, were focusing on that process. Other tools existed, focusing on different areas, but always a specific one, like Primavera Risk Analysis, for example, which focuses on risks. No well-balanced and integrated tool did exist.

Joao Mirandaby Joao Miranda

Read more

Earned Schedule – The appropriate upgrade of your EVMS

Now we’ve learned the basics of Earned Value Management calculations (see this blog), it’s time to introduce a new metric to define our project’s health. As you’ve noticed all previous metrics and parameters were either percental (CPI, SPI, TCPI) or monetary/unitary (CV, SV). But what does a schedule variance of € 10.000 tell us? First, a delay expressed in monetary units is somewhat strange. Second, we will show later in this blog post that this metric is subject to a major fallacy. It is to be replaced with a more comprehensive one. Time for a change.

Niels Ligtvoetby Niels Ligtvoet

Read more

Oracle Primavera

Oracle Primavera P6 Enterprise Project Portfolio Management is the most powerful, robust and easy-touse solution for prioritizing, planning, managing and evaluating projects, programs and portfolios. Oracle Primavera P6 EPPM is a cloud based Software as a Service solution backed by a global network of Oracle Project Portfolio Management professionals and the assured security, scalability, performance and support from one of the world’s largest cloud vendors. It provides a 100% web-based, solution for managing projects of any size, adapts to varying levels of complexity across projects and intelligently scales to meet the needs of all roles, functions, or skill levels in your organization and on your project team.

KEY BUSINESS BENEFITS

• Complete cloud based solution backed by the power of Oracle Corporation • Unite project teams and stakeholders through collaboration and strong feedback methods • Reduce the risk of cost and schedule overruns • Optimize management of all resources for maximum ROI • Monitor and visualize project performance vs. plan • Confidently make and keep project commitment

Primavera Risk Analysis

Every project has risks. The organizations that succeed are the ones that plan for those risks— anticipating, mitigating, and providing response and contingency plans for negative events that may or may not occur. Oracle’s Primavera Risk Analysis software provides the tools for doing just this, enabling companies to model risks and analyze the cost and schedule impacts of mitigating them—and, in the process, taking much of the uncertainty out of project and portfolio management. By integrating directly with project schedules as well as cost estimates to model risks and uncertainty, Primavera Risk Analysis provides a full-lifecycle cost and schedule risk analytics solution for the Primavera project portfolio management applications and Microsoft Project. Providing quick and easy techniques for determining contingency and risk response plans as well as a comprehensive means of reporting project confidence levels, Primavera Risk Analysis risk-loads projects through risk registers and risk templates before using Monte Carlo simulation to analyze them. It then provides a variety of reports, such as risk histograms, tornados, and scatter plots, that enable users to easily identify risk drivers before (optionally) publishing the resulting risk-adjusted schedules back into the schedule.

KEY BUSINESS BENEFITS 

• Integrate directly with project schedules and costs • Provide a comprehensive means of reporting project confidence levels • Produce risk analysis reports in a variety of formats • Provide techniques for determining contingency and risk response plans • Confidently make and keep project commitments

Avatarby Lily Balogh

Read more

The Profile of a Planning Engineer

At many companies involved in large-scale projects, I’ve noticed that project engineers could be engaged for any project and for many different roles. It seemed to me that little care was taken in how well the new role fitted with the talent, skills and personality of the project engineer. So it is fate that decides if one becomes a superintendent, calculator, budget estimator, QHSE engineer or… planning engineer! Just like you, I have witnessed quite some mismatches and this should not surprise you. Being engineer because you studied something along these lines, doesn’t erase your personality and predominant skills.

Gert Truyensby Gert Truyens

Read more

The surprising usefullness of Level of Effort activities

Activity types: ‘Level of Effort’ and ‘WBS Summary’, what are they and what can they be used for? The first ones are also referred to as ‘Hammock activities’. Doesn’t that have a nice ring to it? This term stems from their appearance as activities ‘hanging’ between two dates. In this blogpost, we will give a quick technical explanation and their most common use, but we’ll also show four situations where they can be surprisingly useful.

Jean-Carl Vandekerckhoveby Jean-Carl Vandekerckhove

Read more