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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
One of the top great challenges that face project owners as well as contractors is how to convert their approved...
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Implementing a Three-Stage Change Management Process on Capital Construction Projects
For capital construction projects that use the FIDIC form of contract, a variation is a change in the form, quality,...
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Why Digitizing Project Management Business Processes for Capital Construction Projects Is the Only Way Forward To Survive?
No one can deny that the fourth industrial revolution 4.0 (Industry 4.0) will impact all industries including the construction industry. One of...
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Why It is Crucial to Associate CRM Data with Project Management Information Systems (PMIS) Data for Real Estate Development Projects?
Regardless of the CRM solution selected by a real estate developer, there is always a requirement to associate the captured...
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The Fourth Industrial Revolution 4.0 (Industry 4.0) and its Impact on Managing the Execution of Capital Construction Projects
So much has been written and said on how the fourth industrial revolution 4.0 (Industry 4.0) will impact the delivery...
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Calculating, Monitoring, Evaluating and Reporting Project Schedule Performance Index on Capital Construction Projects
The paper written by Bahaa Hussein and Osama Moselhi on "Performance Reporting Using Schedule Compression Index" has detailed a number...
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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 Data Granularity Help in Getting the Best Out of Intuition and Data-Driven Decision-Making on Capital Construction Projects?
For many experienced stakeholders, intuition can provide a spark that starts the need to make a decision. Nevertheless, it's only...
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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
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?
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
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
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?
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
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?
For most capital project owners in the public and private sector, ensuring that the right policies and procedures are implemented...
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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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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?
The demand of predicting future results based on current performance and actions has been always a requirement when it comes...
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