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Real-Time Single Version of the Truth Revenue and Income Recognition of Capital Construction Projects Using the Percentage of Completion Method 
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Real-Time Single Version of the Truth Revenue and Income Recognition of Capital Construction Projects Using the Percentage of Completion Method 

Many Real Estate Developers use the percentage of completion method to calculate the amount of revenue and therefore income that...
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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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Are You Using the Wrong Actual Cost (AC) Value for Earned Value Management (EVM) Reporting on Capital Construction Projects?
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Are You Using the Wrong Actual Cost (AC) Value for Earned Value Management (EVM) Reporting on Capital Construction Projects?

For those involved in capital construction projects whether those projects were Engineering-Procurement-Construction (EPC), Design-Build (DB), Design-Bid-Build (DBB), Build-Operate-Transfer (BOT), Public-Private...
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Getting Senior Executive Stakeholders to Become More Engaged in Real Estate Development Projects
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Getting Senior Executive Stakeholders to Become More Engaged in Real Estate Development Projects

No one can deny that getting the support of senior executive stakeholders for a real estate development project has a...
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Improving the Monitoring, Evaluating and Reporting the Performance of Long Lead Procurement Items on Capital Construction Projects
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Improving the Monitoring, Evaluating and Reporting the Performance of Long Lead Procurement Items on Capital Construction Projects

For capital construction projects, long lead items are those construction components that will require a long time to obtain. In...
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Can Machines be Trained to Learn How to Detect Fraud Transactions on Capital Construction Projects?
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Can Machines be Trained to Learn How to Detect Fraud Transactions on Capital Construction Projects?

The tendency to commit fraud is very much part of every business and capital construction projects are no different. Actually,...
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Why Digitizing Business Processes is a Must to Stop Faking Collaboration on Capital Construction Projects
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Why Digitizing Business Processes is a Must to Stop Faking Collaboration on Capital Construction Projects

Collaboration is becoming a requirement for the successful management of capital construction projects. Project participants are realizing that sharing of...
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Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?
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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?
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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?
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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?
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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?

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 Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects?
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How to Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects?

The fourth and last article that relates to “How to Enforce the Culture of “100% Committed to Achieve” in Managing...
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Earned Value Management (EVM) to Report Performance When the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects is Adopted
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Earned Value Management (EVM) to Report Performance When the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects is Adopted

PMWeb Project Management Information System (PMIS) requisition module will be used to capture the details of all interim payment certificates...
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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?
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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?

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
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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
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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

Every capital construction project has risks that may affect the cost, schedule, or quality of the completed work. The likelihood...
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Can Machine Learning Help Project Executives to Focus and Prioritize Actions on the Most Urgent Communications, Tasks, and Events on Capital Construction Projects?
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Can Machine Learning Help Project Executives to Focus and Prioritize Actions on the Most Urgent Communications, Tasks, and Events on Capital Construction Projects?

There are many definitions for Machine Learning, nevertheless, the one from the Western Governors University (WGU) is direct and to...
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How Can Project Owners have a Real-Time Monitoring, Evaluation, and Reporting of Scope Creep Alert on their Capital Construction Projects?
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How Can Project Owners have a Real-Time Monitoring, Evaluation, and Reporting of Scope Creep Alert on their Capital Construction Projects?

For many capital project owners, change orders can be viewed as either constructive or destructive change orders. Constructive change orders...
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How to Implement a Lean Claim Notice Business Process on Capital Construction Projects
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How to Implement a Lean Claim Notice Business Process on Capital Construction Projects

Whether we like it or not, claims will always happen on capital construction projects. Therefore, claim notices, claim events or...
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Using Project Management Information System (PMIS) for Agile Job Costing Implementation on Capital Construction Projects
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Using Project Management Information System (PMIS) for Agile Job Costing Implementation on Capital Construction Projects

Job costing is essential to any business's bottom line, but it is especially crucial in the construction industry. Job costing...
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