The 10 Project Performance Measurement Parameters

WRENCH SmartProject is organized into multiple functional modules to manage and measure the parameters of Integrated Project Performance Management. SmartProject is a MUST HAVE for executing complex projects in Energy, Infrastructure and AEC segment. SmartProject is the ONLY software that maps Schedule, Cost, Risks, Engineering Procurement & Construction deliverables, Health & Safety, Resources, Interface and Quality compliance across the concept to completion life cycle of the project.

Inputs


 

To present the variation in performance, we require the below inputs against each parameter and the actuals captured in real time during the process of project execution.

 

 
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Process


 

The processing of the inputs is based on the industry best practices which have evolved over the last 20 years working with the leading organisations in the industry.


 
 

Output


 

Depending on the role, stakeholders are provided only the information relevant to them. Alerts help you take action at the earliest, this enables effective catchup in case of deviations.


 
 


 

Dashboards



 
  • Portfolio Level
  • Project High Level Information
  • Project Detailed Level Information
  • Package Level Information

Reports



 
  • Schedule
  • Progress
  • Cost
  • Risk


 

Alerts



 
  • Mail Notifications
  • Proactive Reminders
  • Mail Alerts
  • Escalations on Delay


 

Functional Modules

Enterprise Project & Portfolio Management

Integrated Project Performance management using eight time tested parameters at Corporate, Business Unit or Project level

Project Control & Monitoring

WRENCH SmartProject™ takes over from where other planning software such as Primavera P6 or MS Project Stops.

Risk Management

Manage Project Risks right from the bidding stage and bring visibility to unplanned but must neutralize actions.

Construction Management

Manage Construction Packages, RFI's, Safe to Operate, Factory/ Site Handovers etc. related practice, workflows and checklists in SmartProject

Project Budget & Cashflow Management

Manage Project cost through budgeting, commitments, completion certifications and actual consumption cycles for dynamic cashflow managements

EDMS

Manages engineering drawings and documents, ensures 100% compliance as per your quality management process, and monitors the status and progress of your deliverables.

Quality Management

Preserve quality directives by embedding the process, checklist, audits, CAPA action registers & compliance report through a single system

Interface Management

Interface Management for large CAPEX projects manages boundaries conditions with multiple contractors and resolves issues early on to avoid cost escalations or schedule delays onsite.

Technology


 

Technology Evolution of WRENCH-SmartProject


  • SAAS model on Microsoft Azure and Amazon AWS
  • Zero Install footprint on your tablet, PCs & Laptop
  • Available on iOS and Android Platform
 

Implementation


rapid implementation

Implementing an integrated solution for time cost and quality

Multiple Phase

Implementation in multiple Phases

Identifying the problem is half the solution


Problem


  • Inefficient planning and constant changes to baseline

    Cause : Planned WBS Vs Activity Level Disconnect

  • Unable to track and monitor progress

    Cause: Progress updates captured manually

  • Stakeholders don't follow the process

    Cause: Human error, managers who struggle to enforce the process

  • Unplanned shutdowns, Cost escalations

    Cause: Risks, Interface, and Change Management lacks baseline visibility

Solution


  • WBS & Task Level Planning

    How: Deliverable based completions rolled up to capture & forecast WBS completions

  • Earned value based monitoring

    How: Automatically capture progress

  • System-driven (QMS)

    How: Enforce Quality Process & procedures automatically

  • Identify Unplanned Activities & Baseline Change Impacts

    How: Manage Risk Mitigation Assignments, Track Resolutions on Tie-in Points, Analyze Change Orders to baseline impacts