Project Controls

Feature Project

PSEG Consulting Services

Project Details

Successful projects begin when proper planning and procedures are implemented systematically.

Project controls has been a core competency since our beginnings in the energy industry in 1971. Since then, we have successfully established ourselves as leaders in cost and schedule controls in the construction industry. 

Project complexity, organizational maturity, team experience, budget, and other factors determine the level of project controls needed. Excessive control can cause project costs to spiral upward and divert resources from more important tasks. Lax control can lead to delays, errors, political repercussions, and diminished project quality. As your agent, we provide the project controls tools and techniques to proactively control costs, schedules, and scope of work to reach the desired outcome.

Our project controls services include the following:

  • Cost estimating
  • Cost management and control
  • Schedule management and control
  • Change order management
  • Earned value management
  • Risk monitor and control
  • Value engineering
  • Training

Cost Estimating

Cost estimating calculates the future cost of a construction project by bringing together location and industry knowledge with construction cost databases. PMA utilizes computerized cost estimating systems such as WinEst, Earthworks, and Timberline. We also develop owner-centric cost reports that summarize critical cost data. Our project-level reports track cost trends and variances on a level that is meaningful to the overall completion of the project.

Click here to learn why cost estimating is crucial for project success.

Cost Management and Control

Cost management is the process of planning, estimating, funding, forecasting, managing, and controlling cost to ensure projects are completed within the approved project constraints of cost, schedule, and budget. Effective cost management enables project managers to achieve the best value for the organization, reduce risk, allow the business to make sound financial decisions, and manage cash. PMA will help you implement a project cost control system that meets your needs.

Schedule Management and Control

PMA is recognized as one of the nation’s foremost planning and scheduling subject matter experts. We’ve pioneered numerous project scheduling innovations in planning, scheduling, delay, and acceleration analyses.

Using scheduling tools such as Oracle’s Primavera P6 Portfolio Management®, Microsoft Project, and NetPoint for planning capital projects, we develop, evaluate, and maintain design and construction schedules. Many of PMA’s schedulers are seasoned facilitators who conduct interactive planning sessions amongst stakeholders.

Change Order Management

Change management is an essential part of the management of the construction phase. Changes can come from factors such as differing site conditions, errors and omissions, construction phase value proposals, delays, or owner revisions. Regardless of the genesis, all additional costs must be analyzed for merit and impact on the construction schedule.

PMA has a formalized change management process for identifying, evaluating, and documenting changes that occur during project execution. The process includes tools that assist in selecting which changes should be implemented. The tracking tools monitor the cumulative impact on schedule and budget.

Earned Value Management

Earned Value Management (EVM) is an effective tool for planning, measuring, analyzing, and reporting on project performance. Our EVM experience has taught us the importance of establishing a consistent work breakdown structure, determining the appropriate level of detail for the cost/resource-loaded schedule, and identifying and loading all indirect project costs. PMA performs earned value analysis in Excel, Microsoft Access, Oracle EPPM solutions, Deltek Cobra, and custom-built web applications that bridge cost and schedule data.

Risk Monitor and Control

Projects are often impacted by unforeseen events that could have been mitigated through a continuous risk management process. Risk assessments identify, evaluate, and quantify such uncertainty so that their likelihood of impact is anticipated and controlled. In many instances, the outcome of risk assessments can be used to reliably establish project contingency amounts.

PMA risk management specialists identify and evaluate project risks, develop and manage risk registers, conduct quantitative risk analyses, and develop risk mitigation strategies. We are well-versed in industry risk assessment software such as Oracle Primavera Risk Analysis, @Risk, Safran, and NetRisk.

Value Engineering

PMA has been instrumental in leading value engineering (VE) studies that create and implement innovative and cost-efficient results. VE relies heavily on team building, effective communication, and efficient decision-making to reach creative solutions. Working together, the VE team arrives at unique approaches that satisfy the owner’s vision and saves on project cost.

Since 1995, we have implemented more than $1.6 billion in cost improvements. Our certified value specialists are qualified to provide Module I and Module II training as specified by SAVE International®. Click here to learn more about VE and how it can improve construction project value.

Training

Few consultants have our breadth of experience in providing customized training in a multiuser, multi-project environment. We work with our clients to develop a thorough understanding of their processes and functional needs. This knowledge allows us to customize any training program for project staff when requested by the owner.

Unlike many trainers who generally teach the “how-to” of project management, PMA understands and teaches the larger project controls process. Using past project experiences, we teach why a procedure is important rather than just how to do it.

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