The Earned Performance for Engineering and Procurement Deliverables on EPC and LSTK Contracts

One of the key requirements on Engineering-Procurement-Construction (EPC) and Lump Sum Turnkey (LTSK) contracts is the formal documentation, monitoring, evaluation, and reporting of the earned performance against what was planned for the scope of work for engineering and procurement deliverables. For engineering scope of work, those would usually include engineering Read more…

PMWeb 7 Project Financial Performance Report

Will Financial Regulators Enforce Contractors to Use Technology When It Comes to Reporting Their Financial Performance on Construction Projects?

For the majority of contractors, the technology that relates to project management and tracking financial performance is considered an expense that they will try their utmost to eliminate. What is surprising to all, is that they fail to understand that delivering the awarded projects successfully is what will make or Read more…

PMWeb 7 Earned Value Managment (EVM) Performance Indices (SPI and QPI) and Variances (SV and QV)

Using Microsoft Power BI for Improved Resources Performance

For all entities that are involved in delivering capital construction projects, including the Project Owner, Project Management Consultant, Engineering Consultants, General Contractors, EPC Contractors, Design-Build Contractors, and Subcontractors, can use the integrated Primavera P6 resource-loaded project schedule and actual resources data captured and formally using project management information to monitor, Read more…