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How Can the Project Management Team Estimate the Appropriate Contingency Reserve Amounts for Capital Construction Projects?
Project contingency reserve is the amount to be added to the project’s baseline budget to cover the monetary impacts of...
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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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Managing, Monitoring, Evaluating and Reporting the Performance Status of Housing Programs
One of the key strategic objectives for many countries across the globe including those in the Gulf Corporate Council (GCC)...
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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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Capturing, Accumulating and Sharing Knowledge by Formalizing Questions Raised and Answers Given on Capital Construction Projects
One of the proven methods for capturing, accumulating, and sharing knowledge on capital construction projects is to encourage project team...
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How Can Contractors Monitor the Status of Variation-Related Claim Steps on their Capital Construction Projects?
There are five steps that need to be followed by contractors to submit variation-related claims. Those variation-related claim steps are...
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Why Project Owners Should Enforce a Rigorous Work Inspection Request (WIR) Business Process on their Capital Construction Projects
For all capital construction project owners, having their completed facilities running without defects or issues is what matters most for...
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For Capital Construction Projects’ Contracts with the Time is of Essence Clause, Why Associating Project Schedule Activities with Business Processes Become a Must and Not a Choice?
Whether a contract agreement had explicitly stated the clause of “Time is of Essence” or not, it is a common...
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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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How to Provide a Better Prediction of the Possible Estimate to Complete (ETC) Value for Capital Construction Projects?
For those who use the Earned Value Management (EVM) method on capital construction projects, the Estimate to Complete (ETC) measure...
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Why Daily Reports Could Be the Best Tool to Verify the Accuracy of the Estimated Material Resources Quantities on Capital Construction Projects?
One of the major dilemmas that face contractors on construction sites is how to verify that the estimated material resources...
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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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Monitoring, Evaluating, and Reporting on the Performance Factor Indices (PFI) for Earned Value Management (EVM) on Capital Construction Projects?
For some of those who are involved in the Earned Value Management (EVM) reporting on capital construction projects, continue to...
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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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Monthly Progress Report Checklist for Comprehensive Performance Report of Capital Construction Projects
Reporting the performance of capital construction projects is a must requirement regardless of the project type, size, phase, or even...
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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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