All projects are intrinsically driven by three variables: cost, schedule, and scope of work. At first sight, scope of work isn't always easy to understand what it means and how does it relate to cost and schedule. The reality is that these three variables are dependent on each other and co-exists at all stages in a project.
The two main components of a construction project schedule are activities and milestones. These can be tracked in a couple of important aspects: dates, and completion status. In this article, we will take a deep dive into the details and explain how it all works.
When someone is referring to a project's budget, it can mean many things. It's important to have a clear definition of what is being communicated and ensure all stakeholders are clear on these definitions. In this blog we will help you navigate the different budget types and what each of these means.
So, you’ve confirmed your plan. It’s set in stone. Or, is it? Of course not. Nothing ever goes entirely according to plan, not even in the most well thought out project. And though changes are often thought of in a negative perspective as a troublesome event, there are ways of working to make changes less of a headache
Any well executed project must have a great plan, also known as baseline. But what is that, really? In this blog post we’ll discuss what a project baseline is and how you use it to monitor and execute your project with excellence. And, of course, how Estabild works with these features to make your monitoring process smooth sailing.
You’re probably familiar with the term Earned Value Management, but let’s take it from the beginning and break it down. Earned Value Management helps you measure project performance and progress in an objective manner...
You are probably familiar with the issue (or fear) of going over budget on construction projects. Not an unusual problem, but until now, there has not existed a particularly good solution. We at Estabild decided to change that and today we are proud to present our own solution for construction project monitoring.
Delays and cost overruns in construction projects have become the norm. According to research by McKinsey & Company, construction projects are typically completed 80% over budget and take 20% longer than scheduled, and it’s mainly the stakeholders that pay the price.
Do you find it hard to monitor your construction project from a distance? It is worth persisting, as doing so brings many advantages compared to not doing so. Today, we will be going over these advantages and find out how you can start monitoring your own construction projects from a distance.