Visualizing, Analyzing and Investigating Building Information Modeling (BIM) Enabled Cost Estimates
The growing adoption of Building Information Modeling (BIM) has helped users take advantage of the different data types captured in...
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Why Public Sector and Publicly Listed Entities Need to Implement Proactive Internal Audit for Their Capital Construction Projects
Many project owners and in particular those from the public sector or publicly listed companies have the requirement to conduct...
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Why Most Updated Schedules for Capital Construction Projects Might Not Be That Perfect
One of the great challenges on capital construction projects is how frequently the project schedule needs to be updated. The...
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Cost Breakdown Structure (CBS) for Capital Construction Project Revenues
For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus...
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Contractual Obligations and Implications Under the FIDIC Contract Form of Agreement for Sub-Clause 4.21 Monthly Progress Report on Capital Construction Projects
FIDIC sub-clause 4.21 requires the contractor to prepare monthly progress reports, the first of which shall cover the period up...
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Work and Cost Breakdown Structures Based Monitoring, Evaluating and Reporting of Cost Performance on Capital Construction Projects
Project owners involved in delivering capital construction projects always have the requirement to monitor, evaluate and report project cost performance...
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Monitoring, Evaluating and Reporting Strategy Performance Outcomes in Project Centric Organizations
One of the key challenges that face project-centric or project-driven organizations and in particular those in the public sector is...
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The Threats of Bad Data and Opportunities of Good Data When Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects
A study shows that in 2020, bad data may have caused $1.8 trillion in losses worldwide and may be responsible...
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Monitoring, Evaluating and Reporting Real Estate Investments’ Key Performance Indicators
For real estate developers and investors, the performance of their real estate investments is not limited to the stages of...
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The Digitization of Cost Management on Capital Construction Projects
Regardless of a capital construction project type, size, complexity, delivery method, location or managed by who, managing, monitoring, evaluating, and...
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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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Having a Report Worth Thousands of Words for Communicating Schedule and Cost Performance Status of Capital Construction Projects
For many capital construction projects’ stakeholders and in particular executive stakeholders, they always need to know whether a project is...
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