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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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More