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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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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...
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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
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
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?
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?
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
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
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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Using Technology to Enable a 360-Solution to Manage, Monitor, Evaluate and Report the Performance of Retail Brands Expansion and Remodeling Programs and Projects – Step 2: Ensure that you have a Single Version of the Truth Visibility of Your Projects’ Financial Performance
Having a trustworthy single version of the truth of the financial status of either an expansion or remodeling project for...
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Managing, Monitoring, Evaluating and Reporting the Capital Construction Project Financial Status for Build-to-Suit Lease Agreements
For many real estate developers including master developers, the Build-to-Suit Lease is one of the options available for developing projects...
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Why the Internal Rate of Return (IRR) Should be Part of the Monitoring, Evaluating and Reporting on Your Capital Construction Project Investments Performance
Although many of those involved in investing in capital construction projects have different criteria to decide if the project opportunity...
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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?
Similar to any risk assessment, assessing the exposure of change orders risk on a capital construction project requires assessing the...
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The Five Low-Hanging Fruits that Each Entity Should Aim for When Starting the Journey of Digital Transformation for Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects
The term "low-hanging fruit" is a commonly-used metaphor for doing the simplest or easiest work first requiring little or no...
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The Importance of having Meaningful Probability Values for the Likelihood of Events’ Occurrence to Predict Future Results on Capital Construction Projects
When an individual makes a decision or takes an action, the quality of the made decision or takes action depends...
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Blog Costs Forms Performance Reporting Plans Project Management Office (PMO) Schedules Tools Workflow
Why We Need to Manage, Monitor, Evaluate and Report on Deliverables Activities as Business Processes While Executing the Project Life Cycle Stages?
Whenever an entity wants to deliver a project including a capital construction project, one of the first documents that get...
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Why Capital Project Investors Should Ensure that their PMCs are Using Project Management Information Systems When Managing, Monitoring, Evaluating and Reporting Their Projects’ Performance?
It is a very common practice for investors whose capital construction projects development is not one of their core business...
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Ensuring Compliance with the Delegation of Authority (DoA) Matrix Rules Set for Capital Construction Projects Delivery
Regardless of the type of location of a capital construction project, the project owner will always have the authority approval...
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How to Implement an Objective Quality Performance Index (QPI) to be Monitored, Evaluated, and Reported by Projects Owners on Capital Construction Projects
Quality is one of three key objectives of any project to be delivered including capital construction projects. Managing quality on...
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Why the Project Management Index Should be One of the Key Performance Indicators Monitored, Evaluated, and Reported by Projects Owners on Capital Construction Projects
Regardless, if a project owner decides to outsource the project management of his capital construction project delivery, use in-house project...
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