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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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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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