Measuring and communicating whether your project team is ahead of or behind schedule every week is key to labor productivity. Instead of percent complete, FMI Corporation recommends measuring progress in terms of hours against specific cost codes (activities). And, creating an easy-to-understand dashboard where your team can see progress on a weekly basis.
Luke Matelan works with FMI Corp, the largest management consulting firm dedicated to the construction industry. Matelan specializes in helping subs beat their expected project margins through rigorous adherence to best-in-class operational processes, which lead to increased profitability.