PARASCADD Private Limited


Project Control

What is Project Control ?

There are numerous definitions of Project Controls used across the industries and indeed across companies within industries. For the sake of clarity and simplicity, Project Control is defined as under

Why is Project Control so Important?

Understanding the Vital Role of Project Control in Successful Project Management
Despite advancements in project management, many projects still struggle with cost overruns and missed deadlines. The missing piece? Effective Project Control. Numerous studies highlight its importance in achieving project objectives and boosting performance.

An IBC 2000 Project Control Best Practice Study carried out by IPA identified that good Project Control practices reduce execution schedule slips by 15%.

  • Project Controls typically account for 0.5% to 3% of the total project cost, including cost accounting. To achieve a break-even point, Project Control should aim to improve cost effectiveness by approximately 2%.
  • In a study conducted by the IBC Cost Engineering Committee (CEC) in 1999, it was found that the projects analyzed showed cost improvements of over 10%.
  • It is important to note that schedule improvements also have a positive impact on the Net Project Value (NPV).
  • The success of Project Control is heavily reliant on implementing good Project Control practices, which ultimately lead to favorable cost and schedule outcomes.

How can we help in Project Control and Material Control functions?

Major activities under one platform shall include:

1. Align the Project
Aligning Project with organizations, their portfolio goals & objectives
2. Define the Scope of Work
Understanding scope of work and execution philosophy
3. Initiate Collaboration
Collaborate on initial project schedule
4. Strategic Planning
Develop work break down structure (WBS) (Qualitative & Quantitative)
5. Network Schedule
Prepare Overall Project Network Schedule upto Level-5
6. Identify Critical Path
Identify Critical Paths of the Project
7. Prepare Functional Schedules
Prepare Functional Schedules
8. Develop Risk Management Plan
Develop Risk Management Plan
9. Prepare Project Costing
Cost estimate, budget & forecast
10. HSE Management
Prepare HSE Plan in line with Project requirements
11. Material Control
MTO analysis, recommend substitution of materials starting from MTO-II, recommendation for preparation of MRs, monitoring each MR upto placement of orders, monitoring Manufacturing & Delivery of items and consumption thereof at construction sites
12. Monitoring, Reporting & Controlling for each function –
This include development of interactive Dashboards which include API Integration with existing systems of the Clients, PMC & Contractors/Vendors
13. Creating Data Bank
Creating Data Bank as per Client’s requirements for use in future projects
14. Closeout Report
Prepare Job Closeout Report with feedback, lessons learnt etc.
15. Facilitating Standardization
Can help in standardization of systems, procedures & formats / templates, with in-house Data Bank developed based on experience
16. Deploy Experienced Project Control Professionals
Provide experience Project Control professionals for on the job training to the Clients, PMC & Contractors/Vendors for successful implementation of Parascadd systems throughout the project lifecycle

Our Products for Portfolio Management

3. FLS5 (Functional Schedule)
  1. Prepare Functional Schedules for each discipline for all phases of project
4. PROCOST (Cost Engineering & Control)
  1. Estimation (for DFR, Tenders & MRs)
  2. Budgeting, Control, Forecast & Cost Status Report
5. PROPLAN (Networking System)
  1. Creation of OBS, EPS, WBS & Activity Codes
  2. Overall Project Network Schedule
  3. Creation of OBS, EPS, WBS & Activity Codes
  4. Import and Export data from P6, MSP & Excel
  5. Resource Loading at Activity Level
  6. Standardization of Activities for similar type of jobs with Predecessors & Successors and its duration
  7. Updation of Network, Monitoring, Reporting & Forecast considering various scenarios
  8. Critical Path Analysis

Dynamic Scheduling & Window Analysis is possible.

8. COCOSYS (Construction & Contractor Schedule)
  1. Prepare Construction Schedule in the beginning of the Project for each Tender
  2. Prepare Contractor Schedules (Quantitative) for each Tender based on SOR quantity.

Calculation of Effective Work Fronts is the basics of Planning & Scheduling.

Dynamic Scheduling & Window Analysis is possible for each Contract.

10. EPCPROMA & LAPMA (Procurement)
  1. MTO Analysis including Substitution of materials for final recommendation for preparation of MRs
  2. Monitoring & Reporting of Manufacturing / Delivery of materials
  3. Look Ahead Planning of Materials (Delivery Forecast) for Construction Planning
12. WHAM (Warehouse Management)
  1. It is used for management of materials starting from dispatch of materials to receipt at sites, storage, issue to various agencies, stock status and handing over to the Clients
14. ISOMEC (Piping Isometric)
  1. Prepare Isometric from existing data and GADs
  2. Generation of Piping MTO, Specs, Calculations etc.
EPCPROMAN (Construction Works)
  1. SPOOLMAN (Autospooling for Piping)
    • Generation of Spool drawings from IDF / PCF Files for Fabrication & Erection
    • Generation of MTO for each Spool
    • Material Front Analysis (MFA) for each Spool
    • Spool-wise materials allocation & generation of Indent/MIV for issue of materials to the agencies
    • Live display of Stock Status / Reconciliation of materials
    • Spool-wise/Loop-wise/Line-wise/System-wise progress monitoring and reporting with history sht.
    • These tools are used for planning, scheduling, monitoring and reporting of Civil, Structural, Equipment, Electrical, Instrumentation and HVAC works at construction sites

Engineering & Material Front Analysis (EFA & MFA) is the basis for material allocation.

21. PCAM (Pre-Comm.& Commissioning Works)
  1. Loop-wise & System-wise progress monitoring and reporting for readiness of the systems
  2. Monitoring is done of all Units, Utilities & Offsites

Format-I to Format-V are used for Monitoring and Reporting.

PROCONT (Contract Management)
  1. Monitoring & Reporting of Tenders and Contracts

Supporting Software

2. ApexMIS (Dashboards)
  1. It is used for creating data base, making analysis, generation interactive dashboards & reports. Also useful for effective management of manpower using time sheets and other inputs.
6. PROHOLD (Hold Management)
  1. It is used for Hold Management of drawings, documents and materials
7. PROCHAL (Project Risk Management)
  1. It is used for identification of various Risks, preparation of Risk Plan, Mitigation Plan, Risk Register & Reporting
7. PROSAFE (HSE Management)
  1. It is used for HSE Management considering latest practice in the industries
13. ICGP (Item Codification)
  1. It is used for generation of Item Codes based on set norms and as per Clients requirements
22. Track N Tracing (Material Management)
  1. It is used for track & tracing of materials with the help of Bar code, RFID, Mobile App
23. DCAD (Drafting)
  1. It is used for 2D drafting