Understanding the project's timeline is crucial for both the employer and the contractor. Delays can lead to liquidated damages, compensability issues, extensive litigation, and inherent schedule risks, underscoring the importance of analysing project delays to make informed decisions regarding potential time and cost compensation claims.
Determining how actual events interact within a complex Critical Path Method (CPM) schedule, identifying and quantifying delays or recovery efforts, and isolating those delays impacting the critical path and overall project completion is highly challenging in a constantly changing and complex programme environment.
As projects progress, the original predictions may become obsolete, necessitating regular updates and revisions. However, frequent schedule adjustments and evolving logic over time can complicate the analysis, as it requires understanding how each change affected the overall timeline. Determining the contemporaneous critical path and apportioning concurrency and compensability are particularly time-consuming and challenging in large projects with numerous variables and dynamic logic changes.
In such situation, dividing the schedule into smaller time windows allows for focused analysis of specific periods, making it easier to track the impact of logic changes. The hybrid time slice (window) analysis can provide more realistic outcome by integrating prospective and retrospective analysis into a single window. By distinguishing delays between the Contractor and Employer, it supports equitable resolution of claims even in complex, change-prone environments.
This webinar examines how to effectively utilise time slice (window) analysis, providing insights into its applications and the best opportunities it presents.
We look forward to having you attend the event!