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How Capital Project Owners Can Monitor, Evaluate and Report on Payments on Account Against Accepted Change Orders That are Not Yet Approved to Revise the Value of the Awarded Construction Contract Agreement
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How Capital Project Owners Can Monitor, Evaluate and Report on Payments on Account Against Accepted Change Orders That are Not Yet Approved to Revise the Value of the Awarded Construction Contract Agreement

One of the key challenges that face many capital project owners, mainly in the public sector, is how to manage,...
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What Digitally Enabled Performance Monitoring, Evaluating and Reporting Dashboards Are Needed by Entities Involved in Capital Construction Projects Delivery?
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What Digitally Enabled Performance Monitoring, Evaluating and Reporting Dashboards Are Needed by Entities Involved in Capital Construction Projects Delivery?

The delivery of capital construction projects involves different types of entities that usually depend on the selected project delivery model....
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Why Project Owners Should Require Contractors to Develop Level 5 Construction Project Schedule if Artificial Intelligence is on Their Road Map?
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Why Project Owners Should Require Contractors to Develop Level 5 Construction Project Schedule if Artificial Intelligence is on Their Road Map?

On most construction projects, the Integrated Project Execution Schedule will usually be completed at Level 4 while Level 5 is...
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Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective
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Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective

The Association of Project Management (APM) Earned Value Management (EVM) guidelines can be used by Contractors to provide them with...
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Encouraging Project Team Members to Play an Active Role in the Risk Management Process on Capital Construction Projects
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Encouraging Project Team Members to Play an Active Role in the Risk Management Process on Capital Construction Projects

Regardless of your company role on a capital construction project was the project owner, contractor, consultant, project management consultant, subcontractor,...
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Digital Performance Reporting for Capital Construction Projects
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Digital Performance Reporting for Capital Construction Projects

Project owners, contractors, consultants, project management consultants, funding agencies, and other entities that are involved in capital construction project delivery...
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Managing, Monitoring and Evaluating Value Engineering Change Proposals (VECPs) on Capital Construction Projects
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Managing, Monitoring and Evaluating Value Engineering Change Proposals (VECPs) on Capital Construction Projects

Although the practice that is commonly adopted on capital construction projects is to have value engineering during the design development...
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Documenting Recommendations for Shortlisted Value Engineering Ideas During the Develop Recommendations Phase of Value Engineering Workshops on Capital Construction Projects
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Documenting Recommendations for Shortlisted Value Engineering Ideas During the Develop Recommendations Phase of Value Engineering Workshops on Capital Construction Projects

Similar to any other business process needed in managing the execution of capital construction projects, documenting value engineering workshops not...
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Documenting the Value Engineering Ideas Evaluation During the Creative Phase of Value Engineering Workshops on Capital Construction Projects
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Documenting the Value Engineering Ideas Evaluation During the Creative Phase of Value Engineering Workshops on Capital Construction Projects

Similar to any other business process needed in managing the execution of capital construction projects, documenting value engineering workshops not...
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Documenting the Function Analysis Phase of Value Engineering Workshops on Capital Construction Projects
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Documenting the Function Analysis Phase of Value Engineering Workshops on Capital Construction Projects

Similar to any other business process needed in managing the execution of capital construction projects, documenting value engineering workshops not...
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Using Checklists to Enforce Formal Implementation of Value Engineering Best Practices on Capital Construction Projects
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Using Checklists to Enforce Formal Implementation of Value Engineering Best Practices on Capital Construction Projects

With the growing demand to optimize capital project investments and to do more with fewer funds, project owners are now...
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Using the Kanban Technique and Checklists to Transform the Accumulated Knowledge into Accountable Actions on Capital Construction Projects
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Using the Kanban Technique and Checklists to Transform the Accumulated Knowledge into Accountable Actions on Capital Construction Projects

Many organizations that are involved in delivering capital construction projects use predefined checklists to share the massive volume of knowledge...
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Why a PPP Project Company Needs a Project Management Information System for Managing, Monitoring, Evaluating and Performance Reporting of the Contract Management Stage of a PPP Project?
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Why a PPP Project Company Needs a Project Management Information System for Managing, Monitoring, Evaluating and Performance Reporting of the Contract Management Stage of a PPP Project?

The delivery of Public-Private=Partnership (PPP) projects involves creating a Project Company which will usually be in the form of a...
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How Can Capital Project Owners Monitor, Evaluate and Report on Accrual Expenses and Revenues on Their Projects?
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How Can Capital Project Owners Monitor, Evaluate and Report on Accrual Expenses and Revenues on Their Projects?

Accruals are a form of accounting practice that can help to provide a more accurate representation of the economic condition...
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Capturing and Reporting Construction Material Price Index
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Capturing and Reporting Construction Material Price Index

Organizations who are involved in delivering capital construction projects always need to know the current material price of key construction...
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Why Having Standardized Work, Organization and Cost Breakdown Structures are a Must for Enabling Artificial Intelligence on Capital Construction Projects?
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Why Having Standardized Work, Organization and Cost Breakdown Structures are a Must for Enabling Artificial Intelligence on Capital Construction Projects?

Cost breakdown structure (CBS) or control accounts (CA) are critical for establishing the lowest level of detail for which a...
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Using Stage Gates to Enforce Project Governance while Communicating a Real-Time Single Version of the Truth Performance Status of Capital Construction Projects for Real Estate Development Directors, Managers, Investors and Other Executive Stakeholders
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Using Stage Gates to Enforce Project Governance while Communicating a Real-Time Single Version of the Truth Performance Status of Capital Construction Projects for Real Estate Development Directors, Managers, Investors and Other Executive Stakeholders

Capital construction projects are generally high-risk investments given the significant amounts of cash, complexity, stakeholders with conflicting interests, rules, and...
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 4: Earned Income, Earned Value and Actual Cost
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 4: Earned Income, Earned Value and Actual Cost

As the construction contract commences, there will be three important processes that the JV Contractor needs to manage to be...
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 3: Change Management
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 3: Change Management

Change management is one of the many critical processes that need to be managed on a capital construction project. For...
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 1: Achieving the 100% Buyout
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 1: Achieving the 100% Buyout

It is a very common practice among construction contractors to joint venture when it comes to delivering mega-sized projects. Further,...
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