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How to Have a Trustworthy and Auditable Anticipated Estimate to Complete (ETC) Projection
When it comes to delivering capital construction projects, the use of earned value management (EVM) measures and metrics are very...
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Creating the Perfect Project Budget Performance Report
Whether we like it or not, managing, monitoring, evaluating, and reporting the budget performance for capital construction projects takes priority...
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The Earned Performance for Procurement Activities on EPC and LSTK Contracts
In our last article titled “The Earned Performance for Engineering and Procurement Deliverables on EPC and LSTK Contracts”, the level...
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The Earned Performance for Engineering and Procurement Deliverables on EPC and LSTK Contracts
One of the key requirements on Engineering-Procurement-Construction (EPC) and Lump Sum Turnkey (LTSK) contracts is the formal documentation, monitoring, evaluation,...
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Will Financial Regulators Enforce Contractors to Use Technology When It Comes to Reporting Their Financial Performance on Construction Projects?
For the majority of contractors, the technology that relates to project management and tracking financial performance is considered an expense...
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How Earned Value Management (EVM) for Interior Design Improves the Schedule and Cost Performance of Furniture, Fixtures and Equipment (FF&E) Contracts
For an Interior Design contractor using a Project Management Information System (PMIS) like PMWeb to manage the procurement of their...
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Using Project Management Information System (PMIS) for a Real-Time Single Version of the Truth Cost Value Reconciliation (CVR) Report
Cost Value Reconciliations (CVR) are carried out in order to monitor, evaluate and report expenditures against budgets to ensure that...
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Ensuring Transparency for Monitoring, Evaluating, and Reporting the Funding of Capital Projects Troubled by the Coronavirus Pandemic
Governments across the globe have already allocated trillions of dollars in financial aid to be provided to organizations who have...
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Transparent Process for Tracking Allocated Short-Term Funds for On-Going Capital Construction Projects that Need to be Slowed-Down
One of the key challenges facing Municipalities, Public Works Departments and other public sector entities who are involved in delivering...
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Are You Ready for the Emerging Impact of Social Distancing on Managing Engineering and Construction Projects?
A special task force at Harvard University has stated recently that social distancing could be required until 2022 to mitigate...
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Using Common Sense to Attain the Great Value of Securing Executive Sponsors’ Support for Capital Projects Delivery
One of the critical requirements for those assigned to deliver capital projects is securing executive sponsors’ support for their projects....
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Using Common Sense to Attain the Great Value of Single Version of the Truth When it Comes to Reporting the Cost Status of Capital Projects Delivery
One of the key requirements for project owners when it comes to delivering capital projects is to have a single...
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Using Common Sense to Attain the Great Value of Transparency When Performing Everyday Project Management Processes in Delivering Capital Projects
One of the essential requirements in delivering capital projects is managing the formal communication associated with the everyday project management...
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How Master Real Estate Developers Use Advanced Work Packaging to Ensure Successful Program Delivery
There is a growing trend among countries and local government authorities to provide the private sector with long-term concessions to...
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Digitize AWP Process in EPC Projects: Cost Performance Indices for Construction Work Packages (CWP)
In addition to the many templates, presentations, flowcharts, checklists, among others that were developed by the Construction Owners Associate of...
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Does Your Engineering and Construction Project Remind You of the Blind Men and the Elephant Story?
For many organizations who are in particular involved in delivering engineering and construction projects, find that their projects tend to...
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Using Project Management Information Systems to Align Property Developer Land Banking Strategy with Real Estate Development Strategy
Professional property developers understand the significant financial value that acquiring property lands before they are developed. Land Banking is a...
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How Can Property Owners Have a Single Version of the Truth When Monitoring, Evaluating and Reporting Performance Status of Facilities and Assets Maintenance Contracts?
Property owners might have different strategies for outsourcing their facilities and assets maintenance contracts and their total asset refurbishment and...
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Why Having a Business Case for Your Capital Project is a Must and Not a Choice?
Today and more than ever, organizations require the submission and approval for a business case before a project can be...
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The Need to Have a Comprehensive Progressively Elaborated Work Breakdown Structure (WBS) in Managing Capital Projects
Those involved in delivering capital projects understand the importance of having a work breakdown structure (WBS) that can be progressively...
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