AACE Rocky Mountain Section April Meeting Notice
Location - Embassy Suites Hotel Denver Tech Center, 10250 E. Costilla Ave.
DATE: Thursday, April 16th
TOPIC – Total Float Distribution: A SANE Way to Manage Schedule Contingency
By- Dr. Anamaria Popescu PE
CPM based analysis was first proposed in the 1950’s, but not used in claims analysis until the late 1970’s. Float ownership debates and contractual modifications began about a decade after that. “Solutions” designed to overcome the inherent problems with float apportionment, unfortunately, have done more harm than good. In fact, numerous claims have cited these float management techniques as contributing factors.
For years in the United States, float has generally been distributed among stakeholders on a “first come first served” basis, but with generally poor outcomes. In Canada, the contractor is considered to own the float. But what happens if the contractor expends all the float?
A more recent development is the use of critical chain scheduling (CCS). This methodology has its own problems, including implementation issues. In this paper we describe a new approach that distributes float in an objective manner to the activities that have a greater tendency to experience delays. This approach also complements project level contingency management. The procedure of float distribution is described in detail, then illustrated with a case study.
Dr. Anamaria Popescu is a partner with Blue Marble Risk solutions, which is a professional advisory firm specializing in risk mitigation and dispute resolution of capital projects. Anamaria is a licensed Professional Engineer in Texas and earned her B.S, M.S., and PhD in Civil Engineering with a specialty in Construction Engineering and Project Management from the University of Texas at Austin. Her experience in project controls, project management, and construction claims spans multiple disciplines including heavy civil, commercial, power plants, oil and gas process facilities, and airports. She also has taught short courses in construction claims, project controls, scheduling, and Primavera Enterprise implementation.
LOCATION: Embassy Suites Hotel Denver Tech Center, 10250 E. Costilla Ave.
DATE
Thursday, April 16, 2009
TIME
COST
5:30-7:00 Networking & Dinner
7:00- 8:30 Business Mtg. & Speaker
$20 Members
$30 (for both) Members with a first-time guest
$10 Students and Unemployed Members
RSVP
Bob Van Gundy @ 303-804-2337
Email: robert.vangundy@aecom.com
No later than: Wednesday,
April 15, @ 10:00am
Don’t forget to make a reservation for your guests!
Location - Embassy Suites Hotel Denver Tech Center, 10250 E. Costilla Ave.
DATE: Thursday, April 16th
TOPIC – Total Float Distribution: A SANE Way to Manage Schedule Contingency
By- Dr. Anamaria Popescu PE
CPM based analysis was first proposed in the 1950’s, but not used in claims analysis until the late 1970’s. Float ownership debates and contractual modifications began about a decade after that. “Solutions” designed to overcome the inherent problems with float apportionment, unfortunately, have done more harm than good. In fact, numerous claims have cited these float management techniques as contributing factors.
For years in the United States, float has generally been distributed among stakeholders on a “first come first served” basis, but with generally poor outcomes. In Canada, the contractor is considered to own the float. But what happens if the contractor expends all the float?
A more recent development is the use of critical chain scheduling (CCS). This methodology has its own problems, including implementation issues. In this paper we describe a new approach that distributes float in an objective manner to the activities that have a greater tendency to experience delays. This approach also complements project level contingency management. The procedure of float distribution is described in detail, then illustrated with a case study.
Dr. Anamaria Popescu is a partner with Blue Marble Risk solutions, which is a professional advisory firm specializing in risk mitigation and dispute resolution of capital projects. Anamaria is a licensed Professional Engineer in Texas and earned her B.S, M.S., and PhD in Civil Engineering with a specialty in Construction Engineering and Project Management from the University of Texas at Austin. Her experience in project controls, project management, and construction claims spans multiple disciplines including heavy civil, commercial, power plants, oil and gas process facilities, and airports. She also has taught short courses in construction claims, project controls, scheduling, and Primavera Enterprise implementation.
LOCATION: Embassy Suites Hotel Denver Tech Center, 10250 E. Costilla Ave.
DATE
Thursday, April 16, 2009
TIME
COST
5:30-7:00 Networking & Dinner
7:00- 8:30 Business Mtg. & Speaker
$20 Members
$30 (for both) Members with a first-time guest
$10 Students and Unemployed Members
RSVP
Bob Van Gundy @ 303-804-2337
Email: robert.vangundy@aecom.com
No later than: Wednesday,
April 15, @ 10:00am
Don’t forget to make a reservation for your guests!
