Monthly Archives: May 2020

Crisis create opportunities and issues – COVID-19 is no different

Posted on May 20, 2020 by Pat Weaver | Leave a comment

Two new and related posting on our website:

Negotiating in the midst of uncertainty. This article takes a proactive look at what’s needed to come through a crisis in the best possible shape. It suggests the negotiating approach needed is very different from ‘business as usual’. Click to download the PDF.

Contact Termination. This new White Paper looks at the risks and challenges associated with terminating a contract when all else fails. It helps explain why in 40 years I have never seen a lawyer proactively seek to terminate a contract! Click to download the PDF.

Our PMKI library contains over 300 papers and articles in an indexed hierarchy. To explore more see: https://mosaicprojects.com.au/PMKI.php

GAO Cost Estimating and Assessment Guide Updated

Posted on May 16, 2020 by Pat Weaver | 4 comments

The venerable Cost Estimating and Assessment Guide (Cost Guide) has been updated for the first time since 2009! Published in March, the 2020 version of the Cost Guide has been significantly improved.

Some of the changes include:

Better alignment of best practices, cost estimate characteristics, and cost estimating steps
Clarification of some of the best practices and their related criteria
Additional content in technical appendixes and revision or deletion of others
Update case studies and references to USA government legislation and rules
Modernization of the Cost Guide’s format and graphics.

The Cost Guide defines the four characteristics of a good estimate: comprehensive, well documented, accurate, and credible. It also incorporates 18 best practices and shows how the best practices align to the four characteristics. Additionally, it introduces the 12 steps of the cost estimating process that produce reliable estimates, and shows how the best practices align with the 12 steps.

Earned Value Management (EVM) remains central to the Cost Guide’s approach to managing the delivery of a project once the estimate is approved.

As with the previous version, the Guide can be downloaded free of charge from: https://www.gao.gov/products/GAO-20-195G

For more on cost management see:
https://mosaicprojects.com.au/PMKI-SCH-040.php

4 Comments

Posted in EVM & ES, General Project Management, Project Controls

Tagged Cost Control, Cost Management, EV, EVM, EVMS

New Articles posted to the Web #89

Posted on May 10, 2020 by Pat Weaver | 1 comment

We have been busy beavers updating the PM Knowledge Index on our website with Papers and Articles. Some of the more interesting uploaded during the last couple of weeks include: