IPMS helps to monitor project health parameters for a portfolio of projects by issuing automated notifications in case of variance. Facilitates proactive corrective measures to prevent projects delays, budget overrun, quality issues, identify and mitigate risks, ensure adherence to safety norms.
Venkataswamy Head, Quality, VAtech Wabag Ltd, Chennai, India
*Based on customer feedback
Indicates the extent of variation from the baseline for different project health parameters such as overall progress, financial progress, quality, safety and risk. Take corrective action based on “traffic lights”, keeping a check on all health parameters and maintain within acceptable limits.
Plan execute and monitor EPC deliverables, capture output of every deliverable as evidence and report real time progress in an integrated dash board.
Define the cost breakdown structure and budgets, capture commitments and the payment terms, link the deliverable milestones to the payment terms and capture the billing schedule. Monitor the actual cash-flow against the planned cash-flow and take corrective or preventive action based on the progress reported.
Identify the list of Risk items based on probability of occurrence and its impact consequence. Assign Risk mitigation to concerned and monitor the worst case and future Risk analysis for a package or for project.
Record the incidents, near misses, and safety observations. Capture the preventive measures and actions taken to resolve the incidents.
Log the quality issues from the site on mobile devices, identify and assign the responsible resource for its corrective action. Record preventive actions and ensure the closure of issues before the target date.
Monitor the closure of snag list as per schedule and associate all the drawings and document to the tag no, facilitating the issuance of as-built deliverables to the asset management team aiding the project close out. Record the lessons learned and store them as a part of organizational process assets.
L&T Construction - MMH is India's leading turnkey EPC solution provider of metallurgical projects.
Thought Leadership: Post-Pandemic Workforce Transformation Potential in the Engineering Consulting Industry
The case explores how CPE used SmartProject to automate their business and project processes and achieved significant efficiencies.
The case explores how QDC achieved Global control across multiple projects through SmartProject, resulting in improved efficiency and faster delivery.
The post explores a solution for getting on-time project progress data, which is one of the biggest problems facing project managers