Tuesday, October 28, 2008

Avoiding Unpleasant Surprises with Capital Project Management Best Practices

Register for this 1-hour webinar November 13th (audio via conference call)

Effectively managing a capital program to ensure schedules are met and projects stay within budget is easier said than done, especially if you are managing a large portfolio of projects. If you are involved in planning, design, and construction of capital projects ranging from million-dollar renovations to billions in new construction, you won’t want to miss this 1-hour session on project management best practices, as Mr. Kip Edwards, System VP of Design and Construction at Banner Health, will delve into specific practices of effective project schedule and cost management.

The session will help participants gain a deeper understanding of how to effectively develop and manage the owner’s schedule, as well as how to efficiently manage and forecast capital project costs to avoid unpleasant surprises at the end of the project. Key takeaways include:

Project Cost Forecast

  1. What is a project cost forecast (what it’s not),
  2. What variables are key to maintaining an updated, accurate budget forecast – dealing with change order logs, RFI logs; issues logs, pending changes, IT, FF&E
  3. How do you create and maintain a comprehensive project cost forecast – total project budget and forecast sheet
  4. Tracking detail line items
  5. Tools for efficient and effective project forecasts

Owner Project Schedule

  1. What is it, and how do I manage it?
  2. What to schedule – overall milestone schedule
  3. Emphasis on owner management – not dealing with all entities o Schedule maintenance best practices – what are the major tasks to focus on?
  4. Enabling schedule ‘visibility’

About the Speaker Kip Edwards, System Vice President, Design and Construction with Banner Health, has over 29 years of experience in the planning, design, construction, management, and operation/maintenance of healthcare facilities, with direct responsibility for over 17 million SF of new construction and renovations, totaling $7 billion in project expenditures.

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