Keeping Projects on Track: Constant Control Systems in Project Controls
Schedule
Tue Jul 21 2026 at 09:00 am to 05:00 pm
UTC+09:30Location
ibis Adelaide | Adelaide, SA
About this Event
This workshop shows how constant control systems transform Project Controls from reporting to active management, using feedback, corrective action, and stability principles to improve cost, schedule, and performance predictability in complex projects.
Key Takeaways:
- Most Organisations Don’t Have Project Controls — They Have Reporting
- CPI/SPI Doesn’t Control Anything
- Forecast Credibility Is the Real Measure of Maturity
- Late Detection Is a Design Failure, Not a Delivery Failure
- Governance Speed Determines Stability
- Over-Intervention Is as Dangerous as Inaction
- Predictability Is Engineered
- Project Controls Is an Organisational Control Discipline, Not Administration
Agenda
Module 0: The Core Philosophy (The "Why")
Info: • Defining Integrated Project Controls: The seamless fusion of Scope, Schedule, and Cost into a single, data-driven ecosystem.
• The Importance of Integration: Why "Siloed" data leads to project failure. Understanding that a change in schedule is a change in cost.
• AACE Framework Overview: Introduction to Total Cost Management (TCM)—moving from "Accounting" to "Engineering" outcomes.
• The Goal: Moving the organization from Reactive (fixing mistakes) to Predictive (preventing them).
Module 1: Establishing the Baseline (The Architecture)
Info: • WBS & CBS Integration: Mapping the Work Breakdown Structure to the Cost Breakdown Structure within the Control System.
• The Basis of Estimate (BOE): Documenting assumptions, technical scope, and methodology (AACE RP 34R-05).
• System Initialization: Uploading the Approved Budget and capturing the Original Baseline (BL0) snapshot.
• Time-Phased Budgeting: Integrating the Schedule (P6) with the Cost Tool to generate the Planned Value (PV) curve.
Module 2: Managing the Baseline (The Pulse)
Info: • Commitment Management: Interfacing the ERP (SAP/Oracle) with the Cost Tool to track Purchase Orders and Contracts.
• VOWD (Value of Work Done): Implementing accrual-based progress measurement using AACE Rules of Credit (RP 25R-03).
• The System "True-up": Reconciling System VOWD against ERP Actual Costs (AC) to eliminate "Accounting Lag."
• Variance Analysis: Utilizing automated dashboards to identify CV (Cost Variance) and CPI (Cost Performance Index).
• Integrated Change Control: Transitioning from "Trend Notices" to "System-Approved Change Orders" to protect the baseline.
Module 3: Forecasting & Budget Control (The Foresight)
Info: • Dynamic EAC Generation: Calculating the Estimate at Completion using system-automated AACE formulas.
• The ETC Challenge: Conducting "Bottom-Up" re-forecasting versus statistical extrapolation (AACE RP 80R-13).
• Commitment-to-Forecast Reconciliation: Auditing "Uncommitted Budget" against "Anticipated Spend" to find hidden gaps.
• TCPI Analysis: Determining the efficiency required (TCPI) to finish within the remaining budget.
Module 4: Closing the Baseline (The Legacy)
Info: • Financial Reconciliation: Closing out all open Commitments and purging remaining Accruals/VOWD in the system.
• Data Normalization: Converting "Actuals" into unit rates and benchmarks for the Historical Database (AACE RP 12R-89).
• Forensic Post-Mortem: Analyzing the "Delta" between the Baseline and the Final Outcome.
Where is it happening?
ibis Adelaide, 122 Grenfell Street, Adelaide, AustraliaEvent Location & Nearby Stays:
GBP 499.00
