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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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
Can Machine Learning be Used to Improve the Inspection, Verification, and Acceptance of Completed Work in Place on Capital Construction Projects?
One of the key challenges that have always faced the capital construction industry is the talent drain. Many of the...Read More
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...Read More
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...Read More
How to Overcome the Issue of Data Availability Lag Time for Decision Makers on Capital Construction Projects
One of the key issues that affect the quality, validity, and effectiveness of decisions made in any industry including the...Read More
How Can Project Owners have a Real-Time Monitoring, Evaluation, and Reporting of Scope Creep Alert on their Capital Construction Projects?
For many capital project owners, change orders can be viewed as either constructive or destructive change orders. Constructive change orders...Read More
How Can a Project Management Information System (PMIS) Allow Document Controllers to do More for Less on Capital Construction Projects?
Document controllers are one of the key positions that will always exist when it comes to delivering capital construction projects....Read More
Whether we like it or not, claims will always happen on capital construction projects. Therefore, claim notices, claim events or...Read More
Using Technology to Enable a 360-Solution to Manage, Monitor, Evaluate and Report the Performance of Retail Brands Expansion and Remodeling Programs and Projects – Step 4: Enforce Proactive Risk Management and Effective Issues Resolution
Retail brand's expansion and remodeling projects are no different than other types of projects in terms that they are based...Read More
Using Technology to Enable a 360-Solution to Manage, Monitor, Evaluate and Report the Performance of Retail Brands Expansion and Remodeling Programs and Projects – Step 1: Ensure that you have a Single Version of the Truth Visibility of Your Complete Projects’ Portfolio for Each Retail Brand
Whether it is a luxury or casual goods or cloths, family dining or fast-food restaurants, coffee shop or donut outlet,...Read More
Can Artificial Intelligence (AI) Help You in Selecting Your Next Capital Construction Project A-Team Members?
Whether we accept it or not, Machine Learning (ML) and Artificial Intelligence (AI) will play a growing role in supporting...Read More
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Why Contractors Could Be Facing Unprecedent Threats When Project Owners Decide to Use Project Management Information Systems (PMIS) or Document Management Systems (DMS) to Enable Formal Communication Between Project’s Parties on Their Construction Projects
For construction projects that project owners have either adopted a Project Management Information System (PMIS) or even a Document Management...Read More
Why the Internal Rate of Return (IRR) Should be Part of the Monitoring, Evaluating and Reporting on Your Capital Construction Project Investments Performance
Although many of those involved in investing in capital construction projects have different criteria to decide if the project opportunity...Read More
How Can Organizations Take Advantage from Their Past and Current Experience in Managing Change Orders to Build an Unbiased Assessment of Schedule and Cost Impact of Change Order Risks as well as Their Occurrence Likelihood on their Capital Construction Projects’ Portfolio?
Similar to any risk assessment, assessing the exposure of change orders risk on a capital construction project requires assessing the...Read More