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Monthly Progress Report Checklist for Comprehensive Performance Report of Capital Construction Projects 
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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 
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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
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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
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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?
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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
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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
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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
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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
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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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Why Digitizing Business Processes is a Must to Stop Faking Collaboration on Capital Construction Projects
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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?
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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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Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?
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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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Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?
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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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
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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?
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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?
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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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Managing, Monitoring, Evaluating and Reporting Performance of Energy Saving Proposals for Capital Improvement Projects
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Managing, Monitoring, Evaluating and Reporting Performance of Energy Saving Proposals for Capital Improvement Projects

One of the growing trends among capital project owners is to undertake capital improvement projects that would result in energy...
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Can Machine Learning be Used to Improve the Inspection, Verification, and Acceptance of Completed Work in Place on Capital Construction Projects?
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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...
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Monitoring, Evaluating and Reporting the Value of Capital Construction Projects Using the Earned Value Management (EVM) Method
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Monitoring, Evaluating and Reporting the Value of Capital Construction Projects Using the Earned Value Management (EVM) Method

Monitoring, evaluating, and reporting the performance of schedule, cost and quality will always be a core requirement when it comes...
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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
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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...
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