AACE Australian Section Technical Meeting Sep 2020

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  • เผยแพร่เมื่อ 11 ก.ย. 2024
  • Effective Cost Engineering in the Project Management Process
    By Louis Stephen Vidotto
    Vice President AACE Australia Section
    Chair Queensland Chapter AACE Australia section
    The webinar will look at the skills required of a Cost Engineer to understand both what their role is and their contribution to the Project Management Process.
    The last and current “boom” periods have seen many resource and infrastructure projects, particularly those within the Australian context, fail to meet budget and schedule targets.
    There are a multitude of reasons projects fail, including poor budget and schedule definition, poor execution and inexperienced and untrained teams. In particular, the Project Controls profession has experienced a shortage of skills and experience which has contributed to poor project performance. In the Webinar, we will discuss the role of project control professionals in a project team and what is expected of them. Louis will also discuss the positive impact of “on the job” mentoring and training, even in an unstructured format, on the effectivity of the project team.
    We will look at a Case study where Project Change had an adverse impact on the performance of the project and the Investors walked away. The Project Management and Project Controls processes failed to identify the major flaws in the Execution Strategy until the Budget and Schedule constraints were exceeded.

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