Exponent's combined expertise in construction, scheduling, cost analysis, and engineering provide unique insight into the construction process and the work of our clients that manage large-scale projects and programs. Our project advisory services support a project through its lifecycle – from front-end planning, project initiation through design and procurement, and throughout the course of construction and closeout. From a risk management perspective, Exponent helps anticipate problems and avoid pitfalls in cost, scheduling, and scope by performing comprehensive project assessments, improving the project controls framework, and conducting schedule analysis employing advanced techniques such as risk-based, probabilistic scheduling. Our project advisory team also has deep experience with process improvement initiatives including the implementation of effective process and procedures and training program that align with industry best practices.
Our integrated team of construction professionals include construction managers, business process experts, engineers, cost analysts, scheduling experts, and technical specialists. These experts provide project advisory services to clients in both public and private sectors. The following are general categories of Exponent’s Project Advisory Services:
- Program and Portfolio Management
- Scheduling and Progress Monitoring
- Troubled Project Assessments
- Project Management and Performance Monitoring
- Change and Claims Management
- Cost Recovery and Closeout Audits
Program and Portfolio Management
Exponent assists clients in developing and managing executable and integrated programs and portfolios to meet their strategic business goals. Our team has expertise in developing process and procedures to define, balance, adjust, and assess and improve performance of project portfolios. Our program and portfolio managers helps establish a repeatable portfolio management and reporting process to improve effectiveness in evaluating portfolio performance, coordinating with stakeholders, balancing resources, identifying risks, and resolving execution issues.
Scheduling and Progress Monitoring
Exponent’s scheduling professionals have expertise in implementing and managing a comprehensive schedule controls process to improve our clients’ ability to deliver successful projects. To assist in improving project planning, progress monitoring, and execution risk identification and mitigation, our schedulers collaborate with the project teams and stakeholders to assess the project scope and cost, develop and update the schedules, and regularly monitor and report on schedule performance and recommend risk mitigation measures. Our team has experience in resource-loading and cost-loading schedules and implementing earned value management in Primavera P6 to track performance.
Troubled Project Assessments
Exponent’s construction professionals assist clients in identifying project performance issues and recommending course-correction strategies by performing assessments of high-risk, high-value, troubled projects. Our team evaluates the project performance status, identifies execution problems and their root causes, analyzes risks and their potential impacts to the project, develop corrective and mitigating measures, and we report our findings and recommendations to the project and leadership teams to help the organization steer the project back on track.
Project Management and Performance Monitoring
Exponent’s project management experts proactively manage and monitor the progress of construction projects. Our team develops and maintains project execution plans, schedules, and estimates that align with project scopes and budgets as well as our clients’ portfolio-level objectives. We analyze project performance metrics against baseline plans, and forecast spend trends based on financial scenario analysis that considers schedule, cost, and risk variabilities. We coordinate closely with project stakeholders to address risks and resolve issues, and regularly communicate performance status and trends with them and leadership.
Change and Claims Management
Exponent’s professional PM/CM staff understands the nuances of the entire life cycle of a construction project. As such, we are well versed in the nature and scope of the many variables that can influence the direction of a project, some of which may lead to disputes among project stakeholders. Based on our depth of experience in construction, Exponent can integrate a number of measures on behalf of project stakeholders to avoid and/or mitigate typical issues that can lead to disputes and claims on a project. The management services we offer include:
- Constructability Reviews
- Implementation of a Risk Management Program
- Instruct/Train on Documentation Practices – Tools for Analyzing Time and Cost Impacts
- State of the art 3D Laser Scanning and BIM Documentation
Cost Recovery and Closeout Audits
To help clients improve their project performance, Exponent’s experienced professionals conduct regular audits and project financial assessments through the lifecycle of a project and at project close-out. Our experts apply their many years of audit and project management experience to identify erroneous billings, un-allowed spending, and prevent abuse. Exponent can assist clients to improve their project’s bottom line through:
- Financial controls assessments
- Budget review and due diligence
- Project overruns and budget variances assessments
- Review pay applications and change order requests
- Financial reporting and cost to complete analysis
- Ongoing auditing and financial monitoring
- Close-out audits
- Fraud investigations and cost recovery audits