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Why Integrating ERP and Project Management Information System (PMIS) is the Only Option for Capturing, Tracking, Monitoring, Evaluating, and Reporting of Every Aspect That Could Have an Impact on the Overall Cost of Capital Construction Projects?
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Why Integrating ERP and Project Management Information System (PMIS) is the Only Option for Capturing, Tracking, Monitoring, Evaluating, and Reporting of Every Aspect That Could Have an Impact on the Overall Cost of Capital Construction Projects?

All organizations, whether they were project owners or contractors, have been using ERP, financial and other types of accounting systems...
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How to Convert a Capital Construction Project Cost Estimate into a Budget that can be Monitored, Evaluated, and Reported at the Required CBS Levels
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How to Convert a Capital Construction Project Cost Estimate into a Budget that can be Monitored, Evaluated, and Reported at the Required CBS Levels

One of the top great challenges that face project owners as well as contractors is how to convert their approved...
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Having a Report Worth Thousands of Words for Communicating Schedule and Cost Performance Status of Capital Construction Projects
Blog Cost Management Performance Reporting

Having a Report Worth Thousands of Words for Communicating Schedule and Cost Performance Status of Capital Construction Projects

For many capital construction projects’ stakeholders and in particular executive stakeholders, they always need to know whether a project is...
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Managing, Monitoring, Evaluating, and Reporting on the Funding Limit Reconciliation for Capital Construction Projects? 
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Managing, Monitoring, Evaluating, and Reporting on the Funding Limit Reconciliation for Capital Construction Projects? 

Funding Limit Reconciliation for capital construction projects is the process of comparing the planned expenditure of project funds against any...
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How Can Executives Identify Fraud Actions in Payments for Interim Progress Invoices on Capital Construction Projects
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How Can Executives Identify Fraud Actions in Payments for Interim Progress Invoices on Capital Construction Projects

One of the key issues associated with the execution of capital construction projects is the delayed payment of interim progress...
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How to Have a Reliable and Traceable Estimated Labor Resources Cost at Completion on Capital Construction Projects
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How to Have a Reliable and Traceable Estimated Labor Resources Cost at Completion on Capital Construction Projects

For most capital construction projects, the labor planning and efficiency reporting mainly focuses on the planned, earned, actually spent, estimate...
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Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?
Blog Cost Management Costs Forms Portfolio Risk Issue Management Schedules Workflow

Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?

For most capital project owners in the public and private sector, ensuring that the right policies and procedures are implemented...
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Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?
Blog Cost Management Costs Digital Transformation Forms Portfolio Risk Issue Management Tools Workflow

Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?

The main objective of using Machine Learning (ML) and Artificial Intelligence (AI) on capital construction projects is to enable stakeholders...
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Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?
Blog Cost Management Costs Digital Transformation Forms Portfolio Risk Issue Management Tools Workflow

Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?

The main objective of using Machine Learning (ML) and Artificial Intelligence (AI) on capital construction projects is to enable stakeholders...
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What Historical Data is Needed to Train Your Machine to Better Predict Cost Overruns and Schedule Delays on Capital Construction Projects?
Blog Cost Management Costs Digital Transformation Portfolio Schedules Tools

What Historical Data is Needed to Train Your Machine to Better Predict Cost Overruns and Schedule Delays on Capital Construction Projects?

The demand of predicting future results based on current performance and actions has been always a requirement when it comes...
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How to Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects?
Blog Contract Management Cost Management

How to Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects?

In our last article “How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price...
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How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects?
Blog Contract Management Cost Management Costs Forms Plans Portfolio Tools Workflow

How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects?

For an EPC contractor, general contractor, subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts,...
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Monitoring, Evaluating and Reporting the Value of Capital Construction Projects Using the Earned Value Management (EVM) Method
Blog Cost Management Costs Forms Portfolio Workflow

Monitoring, Evaluating and Reporting the Value of Capital Construction Projects Using the Earned Value Management (EVM) Method

Monitoring, evaluating, and reporting the performance of schedule, cost and quality will always be a core requirement when it comes...
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Avoiding the Misuse of Budget Contingency Reserve on Capital Construction Projects by Enforcing the Best Practices of Transparency and Accountability While Unlocking Trapped Budget Reserve
Blog Cost Management Costs Forms Portfolio Schedules Workflow

Avoiding the Misuse of Budget Contingency Reserve on Capital Construction Projects by Enforcing the Best Practices of Transparency and Accountability While Unlocking Trapped Budget Reserve

Every capital construction project has risks that may affect the cost, schedule, or quality of the completed work. The likelihood...
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How Can Organizations Take Advantage from Their Past and Current Experience in Managing Change Orders to Build an Unbiased Assessment of Schedule and Cost Impact of Change Order Risks as well as Their Occurrence Likelihood on their Capital Construction Projects’ Portfolio?
Blog Cost Management Costs Plans Schedules

How Can Organizations Take Advantage from Their Past and Current Experience in Managing Change Orders to Build an Unbiased Assessment of Schedule and Cost Impact of Change Order Risks as well as Their Occurrence Likelihood on their Capital Construction Projects’ Portfolio?

Similar to any risk assessment, assessing the exposure of change orders risk on a capital construction project requires assessing the...
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Using Checklists to Expedite the Final Account Process on Capital Construction Projects
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Using Checklists to Expedite the Final Account Process on Capital Construction Projects

Final Accounts for capital construction projects are prepared to show the final cost of projects that have been completed by...
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How Capital Project Owners Can Monitor, Evaluate and Report on Payments on Account Against Accepted Change Orders That are Not Yet Approved to Revise the Value of the Awarded Construction Contract Agreement
Contract Management Cost Management Costs Tools Workflow

How Capital Project Owners Can Monitor, Evaluate and Report on Payments on Account Against Accepted Change Orders That are Not Yet Approved to Revise the Value of the Awarded Construction Contract Agreement

One of the key challenges that face many capital project owners, mainly in the public sector, is how to manage,...
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Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective
Blog Contract Management Cost Management Costs Earned Value Management Performance Reporting Tools Workflow

Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective

The Association of Project Management (APM) Earned Value Management (EVM) guidelines can be used by Contractors to provide them with...
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How to Have an Agile Solution to Monitor, Evaluate and Report the Status of Cost Estimates on Capital Construction Projects
Blog Cost Management Performance Reporting

How to Have an Agile Solution to Monitor, Evaluate and Report the Status of Cost Estimates on Capital Construction Projects

To have a realistic budget for a capital construction project that an organization can commit to, the organization needs to...
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How to Have an Agile Solution to Monitor, Evaluate and Report the Status of Remaining Budget and Contract Management Processes on Capital Construction Projects
Blog Cost Management Performance Reporting

How to Have an Agile Solution to Monitor, Evaluate and Report the Status of Remaining Budget and Contract Management Processes on Capital Construction Projects

The last two articles on having an agile solution to monitor, evaluate and report the status of budget and contract...
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