The AES Group’s Post

#PMPQuestion   Q. You are managing a building construction project. The project is at a stage where you are spending most of the budget and managing the maximum number of resources. The level of influence stakeholders can exert in this phase compared to earlier phases has ____________.   A) Reduced B) Increased C) Stayed the same D) Reduced for project sponsor and increased for the rest of the stakeholders   Website: https://shrilearning.com/ WhatsApp Us: https://wa.me/919336581252 #PMP #PMPExaminfirstattempt #PMPwithShriLearning #ClearPMP #ProjectManagement #PMI #PMPExam #ShriLearning

MSP partners who spend time and labor on projects need to work smarter, not harder. The industry is already adopting AI to clean up their service ticket data, but what is happening with your project data? Well worth the webinar watch to learn more.

[Conference session] Some people new to Integrated Project Delivery (IPD) believe that the contracting process is wasting a lot of precious time, But in reality, the contracting process should be a key step in aligning the owner and the IPD team. In this session, Howard will map a workflow that leads to deeper understanding and commitment, as well as a better agreement. #lastplannersystem #IPD #leanconstruction Register with Early Bird: https://buff.ly/490yiu2

🎯 Leveraging CEAC for Strategic Decision-Making in Government Projects In the realm of government contracting, the Comprehensive Estimate at Completion (CEAC), often referred to as the "bottoms-up estimate," is crucial for effectively managing projects. CEAC represents the current projected cost of performing all authorized work, from individual work packages to the total contract. This includes all actual direct costs, indirect costs allocable to the contract, and the estimate of costs (both direct and indirect) for authorized work remaining. Here are essential steps to develop a robust CEAC, ensuring all project costs are accurately captured and projected: 1️⃣ Comprehensive Ground Rules and Assumptions: Establish detailed ground rules and assumptions, ensuring all team members and stakeholders are aligned with the project's framework and expectations. 2️⃣ Accurate Cost Estimation and Rates: Utilize defined rates for Elements of Cost, such as labor, materials, and overhead, to ensure accurate and consistent cost forecasting throughout the project lifecycle. 3️⃣ Proactive Risk and Opportunity Management: Conduct thorough risks and opportunities analysis to anticipate challenges and leverage potential advantages, enhancing project resilience and adaptability. 4️⃣ Material and Subcontractor Oversight: Maintain rigorous documentation of material commitments and regularly evaluate subcontractor status to ensure all project components are on track and within budget. 5️⃣ Performance and Scope Assessment: Continuously assess performance against the project's remaining scope, allowing for timely adjustments in strategy and resource allocation to meet project objectives. 6️⃣ Time-Phased Cost Forecasting: Implement a time-phased forecast of future costs, not just as a single point of reference but as an evolving tool that adapts to project developments and updates. 7️⃣ Decision Support for Strategic Adjustments: Leverage the detailed insights from CEAC to support high-level decision-making, such as project continuance, adjustments, or strategic deferrals, based on current and projected project metrics. At pmXperts, Inc., we understand the nuances of CEAC and its impact on project success. Our expertise in Earned Value Management ensures that your projects not only meet compliance requirements but are also aligned with strategic business goals. 🤝 Ready to optimize your project's performance and outcomes? Connect with us to ensure your project controls are precise, predictive, and profitable. 🌐 https://lnkd.in/em85xsXc 📞 949-351-8896 📧 karlo.menoscal@pmxperts-inc.com #ProjectManagement #Business #Aerospace #Defense #ProjectControls

If you're curious how the NEPA process will affect your next project, join our friends at Pivvot, Inc. tomorrow, June 25, for a free webinar to learn how the right partner can help shorten project timelines. Click below to register and learn more!

Managing #globalprojects is not an easy feat. Several #resourcingchallenges can derail the projects and bring them to a halt. 😓 Read this #insightfulblog that highlights the most effective strategies to combat bottlenecks.✔👍 Explore now! https://bit.ly/3V0nEPS #ResourceManagementSoftware #Projects #Saviom #ProjectDelivery #GlobalProjects #ProjectChallenges #ProjectConstraints #ProjectManagement

In 30 mins a Team completely new to The GC Index AND under their own volition mapped what Energy for Impact was needed in their 5 Key Strategic Projects. This gave them immense clarity of what was needed at each stage and how to form and manage their project teams moving forwards. For all #GCologists I will be going through this in our Monthly GC Teams Group which you can access in your GC Platform Account here https://lnkd.in/e55TWNC3 Not a #GCologist yet? Don't worry you can find out how to become one here https://lnkd.in/eNXe2vcU I am not sure how you can effectively form project teams without knowing what energy is needed from the people to deliver it? Association for Project Management #projectmanagement #projectmanager

Our Chief Polisher, Nathan Ott, is known for making big statements. Going back about 9 years he made a number of them.... those within earshot laughed. Well, they're not laughing now, and there have been many more since ( https://lnkd.in/egNg9rNH ) True to form, this morning, Nathan has pulled in to question how you can effectively form #projectteams. Nathan doesn't make big statements without doing his homework first... Curious? Check out Nathan's latest LinkedIn post below!

Thanks Nathan Ott for sharing this innovative approach on how using the GC Language we can map out any project or business process for success and then align the right individuals and teams to achieve the desired outcome. The GC Index

Watch our on-demand webinar to learn how Advanced Work Packaging (AWP) can benefit brownfield and smaller projects. Discover the principles, benefits, and practical applications of AWP to enhance project efficiency and reduce risks. Gain insights from MODS experts and take your project management to the next level. 👉 Sign up to watch https://hubs.la/Q02DBCxj0 #ProjectManagement #AWP #DigitalTransformation #IndustrialInnovation