George LewisProgram/Project Manager| DXC Technology CompanyHeredia, Costa Rica
Jul 05, 2016 1:57 PM
Replying to Erick Miranda Márquez
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No participé directamente en el proyecto, sin embargo, por la forma en que se dieron los resultados, tal pareciera que los PMP's perdieron las dimensiones del proyecto y los costos se sobrestimaron, incurriendo incluso en fallas técnicas que pudieron ser mitigadas con un buen manejo de recursos y proyecciones.
Erick - gracias... Are you saying that even though there were challlenges, good mitigation techniques help the proyect to be successful? Saving Changes...
Money is a good mitigation strategy to confront any issue successfully, not always the best. Mitigation starts by identifying the risk. In this case, a simple financial health analysis of the project cost interaction, as well as the contractor financial health and their income projection would have gave you a more realistic approach to deal with the project overhead issues.
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1 reply by George Lewis
Jul 06, 2016 4:09 PM
George Lewis
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Erick - Can you expand a bit more? It's not totally clear to me...
Saving Changes...
George LewisProgram/Project Manager| DXC Technology CompanyHeredia, Costa Rica
Jul 06, 2016 10:36 AM
Replying to Erick A. Candanedo S.
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Money is a good mitigation strategy to confront any issue successfully, not always the best. Mitigation starts by identifying the risk. In this case, a simple financial health analysis of the project cost interaction, as well as the contractor financial health and their income projection would have gave you a more realistic approach to deal with the project overhead issues.
Erick - Can you expand a bit more? It's not totally clear to me... Saving Changes...
Contractor financial modeling is the best option to keep a medium/long-term perspective and control when it comes to your: project, contractor and sub-contractor financials; supporting you in a crucial to successfully navigating the fluctuations of project restrictions. Financial modeling uses math and data analysis to predict the outcome of real-world scenarios. It’s more than just projected monthly expenses or cost; financial modeling is about the big picture. Effective modeling let procurement departments and business owners predict which selection and mitigation strategies will be most effective in various project conditions, plan future tasks and mitigation to bolster change management, make adjustments to project plans, and minimize project risk. Saving Changes...
Roger SchillerSenior Project Manager| IterisMilwaukee, Wi, United States
The project came in two years late and about double the proposed budget...I believe the contractors low-balled the budget to win the work. There are some serious concerns about structural integrity and navigational safety in adverse conditions, which could decrease the benefits of this project. Saving Changes...
Anonymous
Jun 28, 2016 5:14 PM
Replying to George Lewis
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Karen - I saw the link and read, but it has a lot of information that's not PM related, I really wanted an extract of PM methodology or PM experiences... For example what do you mean Design & Build Delivery Method?
Hi George, I would suggest reading Chapter 9 - Programme Management in Construction and Engineering in the latest version of the Gower Handbook of Programme Management. You may find a preview in google books. Saving Changes...
Anonymous
George, I believe that your biggest concern has to do with success factors in the management of megaprojects. I would like to encourage you to revise the project management journal, where you will find peer-reviewed articles discussing this type of projects across diverse industries. Saving Changes...
Thanks George Your question generated a nice dicusssiion. Saving Changes...
Tobe PhelpsDirector of Digital Experience| Central New Mexico Community CollegeAlbuquerque, Nm, United States
The only thing that was successful about that project was that in the end there was a canal built. It was a huge disaster from day one. Driving to completion does not make a project successful. Saving Changes...
Antonio FruciHead of the PMO| Aggreko UK LimitedDubai, Dubai, United Arab Emirates
Guys,
this is quite accurate but it's quite totally focused on budget.
