Owners of capital construction projects always have the nightmare of cost overrun and overestimated benefits. Those two performance measures have a direct impact on the return on investment and viability of a capital project. The two performance factors are the basis for categorizing a capital project as a success or Read more…
Having a reliable, accurate and current cost database is a must requirement for having an accurate project cost estimate which is the basis for setting the project budget, preparing the project feasibility study, securing needed project funding, and assessing procured commitment contracts. Unlike the detailed cost database used by contractors, Read more…
For project-centric organizations, there is always an ongoing demand for new project ideas, known as initiatives, to achieve the organization’s strategic objectives. Different business units request those initiatives to identify what investments they need to achieve the strategic initiatives to be undertaken by the organization. Those requested initiatives, if approved, Read more…
