Construction Management: Importance of Construction Schedules !!

Construction Schedule: Why your company should build a project schedule? Importance of Construction Scheduling using Primavera P6 or Microsoft Project [MSP]

In Today's world, construction projects are getting bigger and more complex. We have so many people working for client, contractor & subcontractor who are working simultaneously onsite, it has gotten easy to lose track. In our industry we’re building and designing things which we thought were impossible to build few years back. And with all this complexity it has become vitally important we manage projects efficiently, in terms of time and money.

In fact according to one of the most important construction magazine, [ENR, Engineering News Record] the main reason construction companies fail not because they lack technical knowledge. It’s because of their financial mismanagement, they collapse. And we simply cannot afford to let that happen. So how do we do that? How do we avoid such collapse and at the same time make sure that we achieve our planned profits? That’s where construction scheduling comes into play. And we use scheduling software like Microsoft Project or Primavera's P6 instead of doing it on paper. In fact, the first use of computers in business was to solve construction scheduling problems.
Construction scheduling using these software’s is so important for not just managing your projects, but also to win new projects. Because when you have a professionally built schedule, you’ll have key information on your projects like. Projects Deadline – you’ll be able to confidently tell your client that you can finish your project within certain date. Schedule built using software’s work like a simulation where you can input changes and see how those will affect the end game, this way you’re in complete control of events, even before they happen and can be prepared for it when they happen. With schedule you can generate cash flow reports for your projects – which again has it’s own importance. You will have the power to know, when the cash is needed and how much of the cash is needed, so you can plan ahead and make sure you’re collecting your money on time and have enough money available for expenses before time.

All of these are just the basic benefits of a construction schedule. If you want to go one step further, you can perform a monte carlo simulation and can get even more powerful data like, probability of finishing your project on a certain date. Probability of finishing your project within a certain amount. Having a probabilistic schedule gives you the edge over your competitors, as you are in better position to asses the project

Now, I hope all of this information will help you asses your scheduling need on your projects and that you will consider building a schedule to manage your projects efficiently.

Construction Scheduling is a widely used technique not only for construction management but also in Project Management of different type of industries. Construction Management Software like Primavera P6 and Microsoft Project [Planning Academy] helps to provides discipline to your construction projects in terms of Money and Time. Just collecting your payments on time can help you save millions of dollars in interest payments. And having a construction schedule [or construction scheduler training] gives you the legal advantage if a projects get delayed and if your company is required perform Time Impact Analysis to show that delays were not caused by your construction firm.

Want to have schedules built for your construction projects?!

I have experience working as Project Scheduler on billion dollar construction projects in Infrastructure, Transportation and in Energy sector.

[krishnachiddarwar]

I have worked on several BILLION $$ infrastructure and transportation projects, if you want to create a schedule for your project, let me know if I can help you in any way!!

[chantraly]

Hello Sir
Can you shair some MOP of real project?

[mamilaapp]

sir 10q for this lecture so, u can approve challangs of construction management industry