Professional Documents
Culture Documents
Learning Objectives
New Realities
Its not coming back to the good old days any time soon
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Avoidance
Eliminate
Reduction
Mitigate
Transference
Outsource or Insure
Retention
Insurance Costs
Discussion
Disputes
Delays
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Discussion
Breach of Contract
Regulatory Changes
Transfer Restrictions
Sovereign-Guarantee Breaches
Civil Disturbance
Terrorism
War
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Schedule-Change Management
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Schedule-Change Management
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Activities Logic 2
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Resources
Critical Path
Reports
Planning and
Scheduling
Cost
Project
Controls
Schedule
Changes
Work Packages
Project
Manager
Project
Engineers
Subs
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Schedule/Cost Management
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Both large and small projects can be better-defined once the major
milestones have been established
Milestones are generally represented by the completion of a
deliverable (something that can be seen, touched or signed)
When everyone knows the major milestones, accountability can be
defined
Helps the project team control scope creep
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Project A
Project B
Dashboard
Estimating
System
Schedule,
Cost,
Documents
Accounting
System
Project C
Project D
Project E
Project F
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You learn what went well, what didnt and why, so youll be more
prepared for the next job. It also provides great feedback to Estimating
about how well it performed.
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Identifying Risks
Analyzing Risks
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Lee Smither
Managing Director
As managing director for consulting, Lee Smither helps construction companies and design rms
sharpen their management practices and corporate performance. He specializes in strategic
consulting, developing and implementing organizational initiatives, and designing executive
development programs. Additionally, Lee serves as a speaker for individual clients and many of
the industrys associations. Experience in conducting seminars and speaking nationally makes him
an effective and highly regarded speaker.
As manager for numerous organizational improvement engagements, Lee has overseen client
implementation efforts ranging in scope from a single project to a corporate division to an entire
company. He has worked with a broad spectrum of industry rms, including many of the nations
largest general contractors, specialty constructors and construction managers. Having worked in
the industry prior to joining FMI, Lee has developed a practical and objective perspective.
Lee has published articles on a wide variety of topics in numerous construction trade journals
such as Transportation Builder, Midwest Contractor, Construction Weekly, Journal of Construction
Accounting and Taxation and Constructor. Lee is a member of the National Association of
Accountants and the Construction Institute of ASCE.
Lee holds an undergraduate degree in economics from North Carolina State University and a
master of business administration degree from East Carolina University. He also serves as a board
member for several industry associations and client rms.
Lee D. Smither
FMI Corporation
5171 Glenwood Avenue
Suite 200
Raleigh, NC 27612
Tel: 919.785.9243
Fax: 919.785.9320
Email: lsmither@fminet.com
Website: www.fminet.com
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About FMI
Knowledge
Expertise
Relationships
Strategy Development
Market Research and Business Development
Leadership and Talent Development
Project and Process Improvement
Mergers, Acquisitions and Financial Consulting
Compensation Data and Consulting
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