Using SmartPM - Construction Schedule Analysis
Next-Level Construction Schedule Analysis. SmartPM is designed to extract high-level insights from your MPP or P6 files without interrupting workflow, allowing you to monitor all of your projects and manage project risk through the schedules provided to you.
Using SmartPM - Construction Schedule Analysis
Next-Level Construction Schedule Analysis. SmartPM is designed to extract high level insights from your MPP or P6 files without interrupting workflow, allowing you to monitor all of your projects and manage project risk through the schedules provided to you.
Using SmartPM - Construction Schedule Analysis
Next-Level Construction Schedule Analysis. SmartPM is designed to extract high level insights from your MPP or P6 files without interrupting workflow, allowing you to monitor all of your projects and manage project risk through the schedules provided to you.
Leverage data from the single most data-rich source available in construction….
Your Construction Schedule
Upload Your Schedule(s)
SmartPM integrates with Primavera P6 and Microsoft Project, making construction schedule analysis easy.
Procore users can access SmartPM™ directly through the Procore System. Learn More
SmartPM Integrations
Review Your Entire Portfolio
The Executive Dashboard is your hub to view the key metrics across all of your Company’s projects. From the Company Dashboard, you can view:
Schedule Quality Grade™: Gauges the structural integrity of the project schedule, customized to each organization based on industry best practices using the DCMA Methodology.
Schedule Compression Index: Captures the amount of effort remaining in the schedule compared to the baseline.
Project Health Index™: Analyzes schedule feasibility through the impact of changes made to the schedule.
Schedule Performance Index: Measures actual performance against baseline planned performance.
Review Your Projects
The Project Dashboard is your hub to view the key metrics across all of your Company’s projects. From the Project Dashboard you can view:
Gain Visibility: Improve schedule quality to generate trustworthy and effective schedules that result in better outcomes.
Reduce Risk: Monitor schedule performance across your entire portfolio to keep your projects on track.
Save Time: Reduce schedule delays, cost overruns, claims, and disputes by making data-driven decisions.
Cut Costs: Eliminate time-consuming manual processes by automating your analyses, reports, and review processes.
Project Workspace
Similar to the Company Dashboards, the Project Workspace allows you to view the key metrics for a given Project. The workspace also allows users to drill down into specific areas. From here you can view:
Centralized Reporting: Allows users to quickly understand where project and key milestones stand with every update.
Customizable Dashboard: Enables quick accessibility of mission- critical information by re-organizing the dashboard.
What-If Modeling: Models common what if conditions, such as potential recovery from having a trade work longer/more days.
Deep-Dive Analytics: Gain critical insight on previously unavailable metrics anytime, without extra costs, effort or time.
How Much Are Delays Costing You?
Each Delay-Related Cost represents a significant financial impact on your ROI.
Reducing one of these risks using construction schedule analysis alone could save you millions of dollars.
Extended General Conditions
When projects take longer, the monthly costs for Management Personnel (PM’s, Schedulers, Engineers, Superintendents) and Equipment (trailers, trucks, printers, cranes, storage, etc.) is prolonged. And this adds up quick!
Prolongation of Revenue Generation of Asset
You can’t lease out space, utilize or sell the asset until it is completed, and therefore delays impact the start of revenue generation, which impacts ROI
Acceleration/Inefficiency Costs
When things become delayed, stakeholders get worried. When this happens, people make decisions to accelerate. This results in the added costs to accelerate (hiring more people, bringing in more equipment, paying top dollar for material delivery, etc.) and added costs for the resultant inefficiencies that happen as part of the acceleration (rework, miscommunication, competing trades, overlapping trades, rescheduling, etc.)
Interest Carry on Bank Loans
When money is borrowed to build an asset, you can’t pay it back until the asset is generating revenue. Therefore, interest is charged on the loan during periods of delay, and this racks up.
Dispute Resolution / Claims Management Fees (Lawyers/Consultants)
Delayed projects result in arguments, claims and disputes. In most cases, the parties involved must hire lawyers and consultants to navigate through the mess. The time and money spent to resolve a dispute has a huge impact on ROI.
Liquidated Damages
Contracts contain clauses to protect certain stakeholders from delays. Whether it be the owner minimizing financial risk on project turnover or the vendors they sell to when the asset isn’t ready for them to move in. These numbers are usually very high and often disputed.
Mismanagement of Project Handover/Turnover
When stakeholders don’t accurately forecast when a project is really going to be turned over, they can’t have an efficient plan to take it over. For example, they may hire a full staff of agents to sell apartments and when they show up, there aren’t any apartments to show. Or a large corporation may sell their current building and then have 1000 people displaced because the building wasn’t ready. Companies making decisions based on an unrealistic end-date happens all the time. And it rarely goes in their favor.
Impacts to Relationships
Developers and GC’s work together on multiple projects and when disputes come about, it strains or ends relationships.
How Much Are
Delays Costing You?
Each Delay-Related Cost represents a significant financial impact to your ROI.
Reducing just one of these risks could save you millions of dollars.
Extended General Conditions
When projects take longer, the monthly costs for Management Personnel (PM’s, Schedulers, Engineers, Superintendents) and Equipment (trailers, trucks, printers, cranes, storage, etc.) is prolonged. And this adds up quick!
Prolongation of
Revenue Generation of Asset
You can’t lease out space, utilize or sell the asset until it is completed, and therefore delays impact the start of revenue generation, which impacts ROI
Acceleration/Inefficiency Costs
When things become delayed, stakeholders get worried. When this happens, people make decisions to accelerate. This results in the added costs to accelerate (hiring more people, bringing in more equipment, paying top dollar for material delivery, etc.) and added costs for the resultant inefficiencies that happen as part of the acceleration (rework, miscommunication, competing trades, overlapping trades, rescheduling, etc.)
Interest Carry on Bank Loans
When money is borrowed to build an asset, you can’t pay it back until the asset is generating revenue. Therefore, interest is charged on the loan during periods of delay, and this racks up.
Dispute Resolution / Claims Management Fees (Lawyers/Consultants)
Delayed projects result in arguments, claims and disputes. In most cases, the parties involved must hire lawyers and consultants to navigate through the mess. The time and money spent to resolve a dispute has a huge impact on ROI.
Liquidated Damages
Contracts contain clauses to protect certain stakeholders from delays. Whether it be the owner minimizing financial risk on project turnover or the vendors they sell to when the asset isn’t ready for them to move in. These numbers are usually very high and often disputed.
Mismanagement of Project Handover/Turnover
When stakeholders don’t accurately forecast when a project is really going to be turned over, they can’t have an efficient plan to take it over. For example, they may hire a full staff of agents to sell apartments and when they show up, there aren’t any apartments to show. Or a large corporation may sell their current building and then have 1000 people displaced because the building wasn’t ready. Companies making decisions based on an unrealistic end-date happens all the time. And it rarely goes in their favor.
Impacts to Relationships
Developers and GC’s work together on multiple projects and when disputes come about, it strains or ends relationships.