Cost & Scheduling
TF1has extensive experience in all facets of Project Control
across a wide range of industrial, commercial, environmental and
power generation projects.. We utilize PC-Based computerized CPM
scheduling software to build baseline “Target” schedules with
SOLID activity sequencing logic. This sound Target schedule
enables our Team to accurately track progress and productivity
from project inception through the construction period.
Target Schedule
- Pre-planning is the essential component in development
of an air-tight, logically tied baseline “Target” schedule.
Our team starts with a review of the plans and
specifications with the project team to build an integrated,
manpower levelized Target schedule. Each activity is
manpower or cost loaded for budgetary and productivity
tracking purposes. Once established, this schedule remains
static as a benchmark against which progress is measured.
Work Breakdown Structure (WBS)
- In conjunction with the pre-planning process, our team
develops a WBS to organize the major elements of work into
manageable units. Each activity in the schedule is coded to
its applicable WBS for reporting purposes.
Progress Tracking – “Earned Value”
- From the Target schedule, TF1 creates a separate “active
schedule” for tracking work progress and productivity
against the Target schedule. Earned Value is used to measure
performance (actual expenditures versus planned budgets )
against the Target plan. This process, based on quantitative
measurement, provides managers with the unique advantage of
identifying problem areas at the inception stages to
implement corrective action at the earliest possible stage
to mitigate schedule impacts.
Contingency Planning & Claims
- TF1 has developed contingency plans when necessary to
streamline the work sequence to recover lost schedule time.
TF1 has successfully performed time delay studies together
with enforcement of specific contractual terms and
conditions to prepare and defend various types of third
party claims.
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