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Project delays impact financials

 

With time from planning approval to being on site widening by 14% over the past five years, having a transparent view of projects within your portfolio is essential.  Although housing and offices are looking to shorten the gap, the hotel and leisure industry are seeing it lengthen.

Any delays in starting on site affect not only the build times, but the resource allocation and revenue streams.  For this reason organisations are increasingly adopting Earned Value (EV) for clarity and visibility.

Earned Value provides the opportunity for project sponsors to forecast whether there are any cost or schedule overruns at an early stage in a project.  This is possible because current performance provides the best indicator for any future performance, allowing the impact of delayed starts on site to be tracked and monitored more effectively.

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9 May, 2018 by

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