Project Progress Monitoring
There are more than 1 ways of Progress Monitoring, depending upon Project Nature and Contract Framework. e.g.
1. Based on Original Durations Assigned to Individual Activities,
2. Based on Cost of the Work Executed,
3. Based on the WORK EFFORT deployed,
4. Based on Quantity of Work Completed.
1st one dosent give logical presentation as it wont match with your Commercial Department's Reports,
e.g. Substructure needs lesser durations and more cost, while Finishes takes more duration but lesser cost.
2nd one dosent give correct presentation, as 100% correct Cost Districution against each & Every activity can not be expected.
e.g. We can break the cost up to certain WBS level, sometimes it becomes next to impossible. Like in In Jetty Construction - we can assign cast to WBS LVL upto Onshore Excavation, but beyond that to detailed activities like Loading Barge, Unloading, Tugging, Excavator Utilsed, Trailor Maneuvering etc it is not possible to give 100% correct presentation.
It needs prolonged series of workshops with Estimation Department. and in most of the projects TIME WOULD NE THE ESSESNCE.
3rd one can be considered to be close to Reality,
Because, The Cost to be incurred by specific activity (almost in all cases) will be proportional to the WORK EFFORT required by that activity. It is very easy for a Planner to reach up to Correct Manpower allocation for each & every activity.
4th one dosent give correct presentation because, this needs conversion of quantities of all items and packages in common quantity domain.
Because, there wont be common consensus on that Resourse which is to be considered as COMMON ONE.
Now I will be grateful to know your expert views on the same.
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