The construction projects are prone to risks, which can cause delay and loss to the project. The contractors, owners, and other parties involved in the construction of a project pay special attention to the circumstances to avoid the risks. However, the external factors can also leave their impact, which the involved parties are unable to control.
Identifying and quantifying the delay is quite important to learn about the damages and make the effort of completing the project on time. The time impact analysis is one of the most important strategies which helps the experts utilize to determine the issue as well as their impact on the schedule of construction.
This article aims to shed light on the importance of time impact analysis in construction projects, as well as discuss the important steps of the process.
Importance of Time Impact Analysis
Time impact analysis is one of the most important strategies in construction projects. It enables the parties not to compromise with the issues in construction and suffer the loss. It allows them to uncover the issues and rearrange their schedule to meet their goals.
Time impact analysis requires expert skills and abilities; therefore, the construction parties acquire the services of delay experts to account for all their issues and ensure to meet their set schedule. They also ensure to minimize their loss by rearranging their plans and meet the schedule.
Top 5 Steps of Doing Time Impact Analysis in Construction Project
Time impact analysis, which is also termed as time impact evaluation, cannot be done just randomly and follows a few strategies to do so. Although performing time impacts analysis requires an expert skillset, there are some important steps of the procedure that cannot be ignored. Explore the below-mentioned points to know the steps in detail.
1. Contract Analysis
The very first step of the time impact analysis is to perform the analysis of the contract. The experts focus their attention on not only the contract documents but also the bidding documents. The analysis of all these documents makes the experts aware of the initial condition and agreements of the involved parties.
The contract analysis also highlights the arrangements made to resolve the unexpected and even expected issues. It lays the foundation of smooth resolution in the light of initial agreements.
2. Review As-Planned Schedule
The second step of the time impacts analysis experts utilize in the process is reviewing the as-planned schedule. The schedule of the projects, as well as their following, provides great insight into the strategies used by the involved parties in construction projects.
Reviewing the as-planned schedule helps the experts to identify the issues in the planning stage of the project, which could have contributed to the problems.
3. Identify Variances between Planned & Impacted Schedules
The third step of the time impacts analysis process is identifying the variances between planned and impacted schedules. This is one of the most important steps of the process, which helps the expert to identify the difference between the planning and execution of the project schedule.
The experts also account for the changes that were included or just occurred in the project and impacted the execution of the schedule. The variance analysis also helps the experts to account for the level of difference and issues caused by it.
4. Do Causation Analysis
The fourth step of the time impacts analysis experts perform in the process is the causation analysis. By reviewing the contract and as a planned schedule, the experts explore the strategies of the involved parties. Moreover, the variance helps them know about the final results, which are actually problematic.
The causation analysis helps the experts to focus their attention on the factors which could have undermined the progress of the project. These can be the unexpected events and happenings, as well as the circumstances of the changes made in the schedule by the involved parties.
5. Identify and Quantify Issues
The last and final step of the time impact analysis utilized by the experts in identifying and quantifying the issues. All the steps of the process are linked with each other and provide support to extract the next issue, as well as the solution to the problem. So, the causation analysis highlights what went wrong in the process, and this step helps in specifically identifying the issues.
After the identification, the experts focus their attention on quantifying the problems and damages. In light of the results, they provide the strategies to make changes in the schedule in order to meet the final goals of the construction project.
Lack the Expertise of Performing Time Impact Analysis?
This is the dilemma of most of the construction parties; however, they still make the effort of performing the process, which often causes them more harm than good. So, it is best to rely on the experts as it will save your time and resources while providing the solutions.
You can acquire the services of delay experts and identify the problems which disturbed the performance of the schedule. You can also get the strategies to make adjustments in the schedule to meet the deadline for project completion.
So, do not waste your time and resource in fruitless efforts and consult the experts for timely and effective solutions.