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Setting the Project Control System (PCS) Quality Management Module: Technical Submittals
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Setting the Project Control System (PCS) Quality Management Module: Technical Submittals

The Quality Management module is another critical project control system (PCS) module. The module addresses the quality assurance and quality...
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Setting the Project Control System (PCS) Cost Management Module: Cost Management Reports
Blog Cost Management

Setting the Project Control System (PCS) Cost Management Module: Cost Management Reports

Although each project control system (PCS) implementation has its own customized and branded cost management output forms, reports, and dashboards,...
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Setting the Project Control System (PCS) Cost Management Module: Connected Cost
Blog Cost Management

Setting the Project Control System (PCS) Cost Management Module: Connected Cost

All the cost data generated from the various PMWeb cost management processes is automatically captured in a single repository known...
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Setting the Project Control System (PCS) Cost Management Module: Actual Payment Made and Received Management
Blog Contract Management Cost Management Costs

Setting the Project Control System (PCS) Cost Management Module: Actual Payment Made and Received Management

One of the key challenges that face organizations involved in delivering construction projects is getting paid for completed and approved...
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Setting the Project Control System (PCS) Cost Management Module: Funding Management
Blog Cost Management

Setting the Project Control System (PCS) Cost Management Module: Funding Management

Whether the project control system (PCS) is being managed by the project owner or contractor, they both need to manage,...
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Setting the Project Control System (PCS) Cost Management Module: Revenue Management
Blog Cost Management Costs

Setting the Project Control System (PCS) Cost Management Module: Revenue Management

Revenue management is mainly applicable to the project control system (PCS) that is being managed from the contractor’s perspective. The...
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Setting the Project Control System (PCS) Cost Management Module: Change Management
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Setting the Project Control System (PCS) Cost Management Module: Change Management

There is a very slim chance that a construction project is completed without encountering changes. There are many events that...
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Setting the Project Control System (PCS) Cost Management Module: Managing the Project Commitments
Blog Cost Management Costs Portfolio Resource Management Tools

Setting the Project Control System (PCS) Cost Management Module: Managing the Project Commitments

Commitments are the contract agreements for which the actual cost for delivering the project’s scope of work is per the...
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Setting the Project Control System (PCS) Cost Management Module: Managing the Project Budget
Blog Cost Management Costs Resource Management

Setting the Project Control System (PCS) Cost Management Module: Managing the Project Budget

By definition, a project budget is the total estimated cost of completing each project activity over each phase of a...
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Setting the Project Control System (PCS) Cost Management Module: Definite Cost Estimate
Blog Contract Management Cost Management Multilingual Multi-currency Plans Portfolio Resource Management Schedules

Setting the Project Control System (PCS) Cost Management Module: Definite Cost Estimate

The third Project Control System (PCS) module needed for construction projects is the cost management module. In doing so, it...
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Project Control System (PCS) on Building Information Modeling (BIM) Enabled Projects
Blog Building Information Models (BIM) Cost Management Forms Portfolio Project Management Office (PMO)

Project Control System (PCS) on Building Information Modeling (BIM) Enabled Projects

For projects where Building Information Modeling (BIM) is used by the contractor for developing the shop drawings (LOD 400) based...
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Why Have a Real-Time Cost Ledger for Capital Construction Projects
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Why Have a Real-Time Cost Ledger for Capital Construction Projects

By definition, a cost ledger is one of the books of account in a cost system to which entries are...
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How Can Project Owners Accurately Estimate, Monitor, Evaluate and Report Their Organization’s Allocated Costs to the Project Capital Construction Projects Delivery?
Blog Cost Management

How Can Project Owners Accurately Estimate, Monitor, Evaluate and Report Their Organization’s Allocated Costs to the Project Capital Construction Projects Delivery?

Project owners who are actively involved in delivering their capital construction projects portfolio understand that their own organization costs allocated...
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Can the Tedious Accruals Estimate Requirement be Eliminated by Implementing a Project Management Information System?
Blog Cost Management Costs Forms Tools Workflow

Can the Tedious Accruals Estimate Requirement be Eliminated by Implementing a Project Management Information System?

One of the major challenges that face organizations that are involved in capital construction projects delivery is determining the actual...
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Visualizing, Analyzing, and Investigating Building Information Modeling (BIM) Enabled Connected Cost
Blog Building Information Models (BIM) Cost Management Forms Plans Tools Workflow

Visualizing, Analyzing, and Investigating Building Information Modeling (BIM) Enabled Connected Cost

Having a single version of the true financial performance reporting is one of the important if not the most important...
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Cost Breakdown Structure (CBS) for Capital Construction Project Revenues 
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Cost Breakdown Structure (CBS) for Capital Construction Project Revenues 

For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus...
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Work and Cost Breakdown Structures Based Monitoring, Evaluating and Reporting of Cost Performance on Capital Construction Projects
Blog Cost Management Costs Forms Performance Reporting Plans Schedules Tools Workflow

Work and Cost Breakdown Structures Based Monitoring, Evaluating and Reporting of Cost Performance on Capital Construction Projects

Project owners involved in delivering capital construction projects always have the requirement to monitor, evaluate and report project cost performance...
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The Digitization of Cost Management on Capital Construction Projects
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The Digitization of Cost Management on Capital Construction Projects

Regardless of a capital construction project type, size, complexity, delivery method, location or managed by who, managing, monitoring, evaluating, and...
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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
Blog Cost Management Costs Forms Performance Reporting Tools Workflow

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
Blog Cost Management Costs Forms Plans Schedules Tools Workflow

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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