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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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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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How to Improve the Monitoring, Evaluating and Reporting Progress Information of Work Tasks in Fit-out and Refurbishment Projects
Fit-out and refurbishment projects are in growing demand not only to address the branding and image requirements of an organization...
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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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How to Provide Senior Executives with a 360-Degree Contractor Performance Evaluation Report on Their Capital Construction Projects
When it comes to executing capital construction projects, the monthly contractor performance evaluation report is one of the important communications...
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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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How to Have a Reliable and Traceable Estimated Labor Resources Cost at Completion on Capital Construction Projects
For most capital construction projects, the labor planning and efficiency reporting mainly focuses on the planned, earned, actually spent, estimate...
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Monitoring, Evaluating and Reporting the Performance of Linear Capital Construction Projects for Executive Stakeholders
For executive stakeholders of entities involved in delivering linear capital construction projects, they are always keen to have a single-page...
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The Great Value of Correlation Analysis in Identifying Relationships Between Different Business Processes on Capital Construction Projects
Those who are involved in delivering capital construction projects, know that there are some kinds of relationships between the different...
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How Can Capital Construction Project Owners Use the Correlation Algorithm to Have a More Meaningful Contractors’ Performance Profile?
One of the common business processes for any capital construction projects owners is the registration and qualification of contractors who...
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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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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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Is There a Way to Improve the Quality of “Gut Instinct” Decisions Made by Stakeholders on Capital Construction Projects?
Gut instinct is an instinctive feeling, as opposed to an opinion or idea based on facts. Gut instinct is also...
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