Search by module
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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,...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
Blog Contract Management Costs Earned Value Management Forms Performance Reporting Portfolio Workflow
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...
Read More
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,...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
Categories: Blog Categories
