Learn Essentials Of Job Oriented Autodesk Revit MEP-FP Course

Autodesk Revit MEP is building information modeling software for architects, structural engineers, engineers, contractors, and Construction professionals. It facilitates users to design a building and its elements in 3D, annotate the model with 2D drafting elements and also obtain building information from the building models database.

Revit is 4D capable with tools to plan and track multiple stages in the building’s lifecycle, from concept to construction and later on demolition.  Revit software is primarily built for BIM- Building Information Modeling, empowering design and construction professionals to bring innovative ideas from concept to development with a coordinated and consistent model-based procedure. Revit is a single application that combines features for architectural design, MEP and structural engineering, and also construction professionals.

A Job oriented Autodesk Revit MEP-FP training course emphasizes the core understanding of fundamental features of Revit MEP, benefits and future scopes of BIM and goes ahead with software’s user interface. Revit software is a universally accepted tool for creating architectural models including the specialties of plumbing, HVAC, i.e., Heating, Ventilation, & Air Conditioning, also electrical designs, and even Describe Scheduling, Documentation, and Work-Sharing.

Let’s check out the short overview of Autodesk Revit MEP course-

This course will help learners to understand-

• The future of AEC industry in India and evolution of construction technology and make them more informed about the scope that future brings for professionals in construction technologies.
• The Basic Revit software, user interface, introduction to Revit MEP, the Basic Revit Tools, and how to set up a new project in Revit.

This course covers BIM- Building Information Modeling, its future and how construction industry adapted CAD and moved from CAD to BIM.

Revit MEP-FP course also elaborates fundamentals of the primary Revit – Electrical, Plumbing, Fire Protection/Sprinkler, FP Modeling tools and enhances your skills necessary for modeling, detailing, and visualization for Electrical engineering, Plumbing, and visualization for Fire Protection.

Also, check the career opportunities after pursuing the Autodesk Revit MEP-FP Course-

Here are some potential careers you could consider:

• Electrical Modeler
• REVIT/BIM Electrical Modeler
• Electrical Draftsman
• REVIT/BIM Sprinkler/FP Modeler
• Sprinkler/FP Modeler
• Sprinkler/FP Draftsman
• Plumbing Modeler
• REVIT/BIM Plumbing Modeler
• Plumbing Draftsman
• HVAC Modeler
• REVIT/BIM Mechanical Modeler
• HVAC Draftsman

Check out the Learning Objectives-

• Learning job oriented Revit MEP-FP courses help you in getting familiar with various tools and technology.
• Learn the process of process of creating a primary parametric family using Revit and also, demonstrate how to start and set up a new project in Revit.
• Get to know the procedure to develop HVAC and Hydronic Systems with automatic duct and piping layouts.
• Also, Describe Scheduling, Documentation, and Work-Sharing.

The above were the few essential objectives of Autodesk Revit MEP-FP Course to know more click here

Thus learning Revit MEP-FP Course is beneficial for all who wants to be expert in today’s Evolving AEC Industry.

Check out who can apply for this course-

• Architecture students
• Engineering students
• Construction professionals in Architecture
• Construction consultants

So, here is the solution. For all the Engineers out there, come, join the distinguished course at NIBT and get your career boosted in lightning speed.

Source:https://nibt.education/blog/2018/09/essentials-of-job-oriented-autodesk-revit-mep-fp-course/

Essentials Of Earned Value Management (EVM) Course That Makes You Expert!

In today working world, project management has converted into an essential part of modern day business processes. Understanding and implementing the project management ideas is now a necessary obligation for all growing businesses now.

Earned Value Management (EVM) is a methodology used for project management that combines scope, schedule, and cost to evaluate how the project is working against the project plan, it is also referring to as PBM- Performance Measurement Baseline.

Thus, EVM helps you to manage your organization projects efficiently and work on those.

EVM measures project cost performance by comparing the budgeted cost of work accomplished against its original value.

Also, learning EVM course is highly beneficial for the learners who want to make a career in project management or want to become a Project Manager.

The EVM- Earned value management courses also help you to gain expertise in your profession. There are various online courses available so that you can learn those from Anywhere and at any time.

EVM courses have the benefits of learning for everyone; entry level, project management enthusiasts, those wishing to enhance their project management skills, mainly the professionals in the field and for those planning for project management certification tests.

Such courses designed to help you acquire all the necessary earned value management skills in project management and gain expertise.

Thus, NIBT e-Learning providing training on the best-ever Earned Value Management course which is accessible on the NIBT’s e-Learning portal

“Become Earned Value Management (EVM) Expert with our course.” The course recognizes and explains EVM core and components. By the time you complete the EVM course, you will be able to understand, describe, calculate, interpret and write precise project performance report.

EVM eLearning

Course Design-

NIBT e-Learning has Especially design This is an intermediate/advanced project management course designed by Virginia Tech Experts for engineers, architects, and construction students or professionals who are involved in the use of Earned Value for assessing performance and project control.

Upon satisfactory completion of the course, each attendee will receive a certificate of completion from Virginia Tech.

The course helps you to retain all the essential skills to be proficient in using Earned Value Management on your project. It will also expose you to advanced tools that will analyze roles in generating EVM values.

Last but not the least Upon completing this course, attendees will be able to :

• Explain EVM concepts and benefits
• Understand how to organize and breakdown project scope
• Determine how much work has been completed and compare it against how much was expected to complete
• Analyze and report project performance
• Enable early problem identification and resolution
• Project future cost and schedule performance

Finally, the course gives lucrative career opportunities open to you as a project management expert.

So now stop thinking! Enroll in NIBT e-Learning courses and Explore your career.

Conclusion:

• Earned value management EVM methodology takes into account all three triple constraints that may limit a project or cost extra expenditure
• Earned value management is a proven value.
• EVM integrates cost, schedule, and technical performance.
• Earned value management provides planning and control disciplines on projects

Earned value management Controls the project by analyzing cost and performance variations, assessing final value, developing corrective actions, and also controlling changes to the integrated baseline. 

Source:https://nibt.education/blog/2018/09/essentials-of-earned-value-management-evm-course-makes-you-expert/

Leverage Agility and Precision with Earned Value Management

Earned Value Management or EVM has gained significant traction amongst various industry verticals to be more productive and creative amongst various team members in an organization. Budget and Deadlines are the most important parameters of a project, thus it requires agile management techniques to successfully complete them on time. The time for guessing project timelines has come to an end and is being replaced by clear goals and scope, better planning and more using Earned Value Management. It helps owners stay on time and on budget.

Source: Pixabay

Let’s scan through some of its benefits and understand the essentials of EVM

Project control is one of the main factors in determining the success or failure of a project. It is also essential for measuring project performance along the entire lifecycle of the project. Early warnings in a project execution can mitigate errors through corrective action. This is where Earned Value Management is used as a powerful technique to monitor and control cost performance and time for a project. This technique uses specific metrics or parameters to measure project accomplishments. The idea is to keep track of the current stage of the project against proposed timelines and projections. Any adjustment in the timeline can be added and analyzed to make the necessary adjustments for exceptional project outcomes.

1 Plan Effectively

For EVM to work,  project teams need to spend a lot of time planning baselines or proposed goals for time and budget in real-time. A systematic view of the project from start to finish needs to be done to increase clarity amongst various stakeholders and organizations. There are three key parameters that need to be evaluated for a project in EVM i.e. Planned Value, Actual Cost, and Earned Value.

• Planned value or also called as Budgeted Cost of Work Scheduled (BCWS) is a time-phased budget baseline that is defined on the basis of the baseline schedule
• Actual Cost or AC is the cumulative amount of money spent at a given time or date. This is also called as Actual Cost of Work Performed
• The Earned Value is the amount that was proposed to perform work that was actually done at a given date. It is also called the Budgeted Cost of Work Performed(BCWP)

2 Maintain Clarity & Simplicity

EVM removes human assumption by maintaining objectivity on the project status. What we mean by project status is what has been completed at the present point in time against what was proposed at the start of the project. If a team is unable to finish the proposed tasks in a given timeline, then it would actually show up in terms of data, this means the team has come up short of the given timeline. This shows stakeholders if the proposed timeline was achievable or unachievable. To create simplicity for a project, a single platform needs to used by all the stakeholders of the project  This makes it easier to manage and forecast costs, timelines, and budgets for the complete project lifecycle.

3 Mitigate Issues and Enhance Responsibilities

Whilst using EVM, project problems can be detected very early on in all the phases. This enables all the stakeholders to create the necessary changes to get the project on track and as planned. Issues can slow down the complete project progress and create negative outcomes in the process.  In order to mitigate that, all the stakeholders need to take absolute accountability of the time and progress of the project to enhance productivity. The adoption of EVM in this phase can bring out unproductive personnel and get them moving to be on the same level as the others.

4 Predict and Boost Employee Productivity

The application of EVM is exemplified by predicting problems very early on in the planning stage. The most striking factor of EVM is it allows users to make calculated predictions based on strong numbers that can be used to develop accurate schedules and budget. This technique is very useful to mitigate setbacks at later stages of the project development. Owners and seniors can also improve employee productivity by monitoring project status and costs. A project ahead of schedule and furnished under budget can enhance employee morale and keep them working at the same pace.

Closing it on time and schedule, we can conclude that –

EVM can be leveraged to improve business decisions through precise project tracking and using various techniques to garner positive project outcomes. The results derived from EVM analysis serve as a backbone to evaluate deviations for cost, schedule and work scope. An EVM delivers exceptional information insights through project summaries and high-quality visuals in the form of graphics and reports for all the stakeholders to view and analyze. Read More…

Ways to evaluate and mitigate errors and risks with Risk Analysis

Whatever your project or role in a company is, it is very likely that you would have to make decisions that draw-in risks at some point of the project progress.  Risks, in totality, can be classified into two types, viz. Negatives and Probabilities. A negative consequence is based on the probability that a risk may move in the wrong direction.  If a risk is not calculated, it can be a harbinger of serious damage to the project and organization, let alone we need to stay prepared for it and manage it wisely if something were to go actually go wrong with it. Thus, organizations require robust Risk Analysis tools and software to identify risk at very early stages of the project. This mitigates unnecessary costs and time wasted to solve the implications of the risk at a later stage of any project or task. Risk analysis tools can positively identify and manage various risk factors to actually avoid the risk, all this can be done behind a desk on a machine.

Source : Pixabay

When is Risk Analysis Important?

Let’s make it easy to understand the point in time when Risk Analysis is highly important:

• Risk Analysis is highly imperative in the initial stages of the project planning phase to anticipate and mitigate possible issues- Deploy Risk Analysis early in the Project Timeline
• It also proves to be very helpful in making decisions that relate to project progress – To move along or not to move along with the project in the present and future
• Risk Analysis is a proven tool to manage any kind of risk that could prove fatal after a negative consequence has taken place – A good way to stay sharp and ready for anything
• If a project requires new parameters to be added into its lifecycle, then it is highly critical for organizations to add in Risk Analysis after those factors are added. It shows users the impact of new factors on existing systems- Extremely intuitive to new parameters

Now, as we are familiar with when Risk Analysis is important, let us understand how it can be deployed and where.

Analyze your Threat with Threat Analysis

A good way to start your Risk Analysis is by means of identifying threats that might come along at every step of the project.  There are various touch points that need to be identified to classify threats, it could be based on –

• Operations failure – access failure to vital assets required for operations
• Project delays – tasks or projects taking too long for completion or going over budget. It also includes product quality problems that could delay the entire project progress
• Force majeure – failures that could arise with natural disasters or an unforeseen human ailment
• Financial setbacks – financial setbacks can cause serious damage to organizations, this could be two-fold- underfunding or overfunding

There are many other touch points viz. Procedures, Reputation, etc. that could be a part of the threat for threat analysis.

Risk Factor Analysis

Risk analysis needs to be done through various actions, this can include processes and software that need to be integrated into project management to mitigate risks. Primavera P6 provides point-to-point perceptible risk analysis solutions that integrate risk management scheduling and costs to evaluate risk possibilities for positive project outcomes. This software delivers a suite of tools to run simulation possibilities to determine actions that can mitigate risks through various simulation techniques for project scheduling.

Project & Portfolio Risk Management

A portfolio risk can be clearly defined as a risk that is caused due to a failure of financial objectives through various assets or units that were supposed to cover those financial objectives. Portfolio risks can be differentiated into various types, viz. Structural, Overall, and Component.

• A structural risk is a risk that takes place in the composition of the portfolio, simply meaning the composition is not strong enough to meet financial requirements
• A component risk is a risk that takes place due to the failure of each component that is used to make up a portfolio
• An overall risk can be defined as an integration of multiple risk components involved in the project

A risk in project management can be simply defined as various changes in the development of the project or product that could influence the progress of the development. Robust planning can reduce the risk of project management failures.

For example, if we take a bidding process for a complex project. It needs comprehensive Risk Assessment to create bids and garner higher Return On Investment(ROI) from it. Bid viability is an important feature wherein risks need to be analyzed for companies to grow and gain a strategic advantage over the bid. The significance of these decisions can enhance the performance of the Strategic Business.  The ability of a project to generate revenue in a high-risk environment can be determined by project opportunities and data intelligence through the entire life-cycle of the bid.

There are many factors that come into play whilst bidding viz. Long-Term Revenue Potential, Type of Contract, and Capacity Planning.

Revenue Potential

Evaluating the potential risks of corporate revenue is vital.  Individual components or strategic business units (SBU) can pose a threat and are considered key risk drivers in a bid for a project. Winning a project bid cannot be absolutely guaranteed, but the probability of success can be higher if Revenue Potentials are evaluated early in the bidding process. Organizations can leverage a better chance to win a bid by evaluating the revenue capacity of a portfolio.

Contract Constraints

The decision-making process is also driven by contract conditions that are set forth by the company. As a part of the bidding process, it is imperative that various stakeholders like owners and contractors come to an understanding of the liabilities and risks that can affect the project.  Work that can carry liabilities needs to be evaluated through Risk Analysis for better project visibility.

Portfolio Liabilities

A project can have a two-way run- it could have extremely high gains or it could go down badly due to poor project execution. A good project has a greater possibility of completion than an average or under the average project, but for an organization, an external third party winning a bid still serves as an obligation for the owner as the fate of the project is undecided until it is completely handed over to the respective owner. Schedule uncertainty is a driving force for capacity planning, and it needs to be done to forecast resource allocation, finances, skills, and more.  Project timelines based on strategic business units is one of the most vital concepts to chart out cost and time overruns.

Closing in on precision, we can conclude that –

Risks are a part of every business and organization. Risk Analysis provides highly accurate identification and assessing of factors that could impact the project progress negatively. It forecasts various important parameters that could avoid risk threats and move the project positively to its outcome. Software and tools like Primavera are extensively used by project management professionals to quantify all the information to make informed decisions and implement the best solutions for a project. To Know more about Oracle Primavera P6 Click Here.