Effective management of time and budget is crucial for the success of construction projects. However, many project teams struggle with accurately measuring work progress and ensuring that projects stay on track in terms of cost and schedule.

This webinar provides a comprehensive guide on the various methods for measuring work progress in construction projects. It starts by defining key project controls, including budget, cost, and schedule, and then delves into the types of percent complete, their definitions, and calculation methods. Attendees will learn how to update schedules to reflect the current project status against the baseline budget and schedule.

Webinar Objectives

The objective of this webinar is to equip the project management team with the knowledge and tools needed to accurately measure and report work progress, ensuring projects are managed efficiently and stay within time and budget constraints.

This webinar is essential for the entire project management team, especially those involved in cost management, planning and scheduling, procurement, finance and accounting, and project controls. It addresses critical aspects of time and budget management, offering valuable insights and actionable strategies.

Webinar Agenda

• Defining Project Controls: Budget, Cost, and Schedule
• Methods of Measuring Work Progress
• Types of Percent Complete and Their Calculations
• Steps for Updating the Schedule
• Comparing Current Status with Baseline Budget and Schedule
• Practical Tips and Recommendations

Webinar Highlights

• Quick review of project control procedures
• Detailed explanation of methods to measure work progress and their applicability
• Overview of types of percent complete used in construction schedules for individual activities, assemblies, and the entire project
• Uses of “percent complete” in project management
• Importance of accurately calculating work progress and activities percent complete
• Illustrative example with discussion
• Progress payments process
• Practical recommendations and tips for project management teams

Who Should Attend

Contractors, subcontractors, project managers, schedulers, cost estimators, project management team members, and owners.