The Great Value of Correlation Analysis in Identifying Relationships Between Different Business Processes on Capital Construction Projects

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?

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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How can Project Owners Better Visualize and Search for Turned Over Records and Documents at Completion for their Capital Construction Projects Portfolio?

How can Project Owners Better Visualize and Search for Turned Over Records and Documents at Completion for their Capital Construction Projects Portfolio?

One of the key requirements for capital construction projects is the archiving, turning over, and storing of project records and...
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Can Machines be Trained to Learn How to Detect Fraud Transactions on Capital Construction Projects?

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

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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Capturing Details of Objective Scoring and Subjective Rating for Documenting Critical Decisions on Capital Construction Projects

Capturing Details of Objective Scoring and Subjective Rating for Documenting Critical Decisions on Capital Construction Projects

For those involved in delivering capital construction projects, there are a few critical decisions that the basis for why they...
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Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?

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

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

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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What Historical Data is Needed to Train Your Machine to Better Predict Cost Overruns and Schedule Delays on Capital Construction Projects?

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...
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How to Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects

How to Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects

The fourth and last article that relates to “How to Enforce the Culture of “100% Committed to Achieve” in Managing...
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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

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 Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects

How to Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects

In our last article “How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price...
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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

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?

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

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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Using Kanban Activity Boards to Create the “Questions Wall” for Critical Questions Raised by Executive Stakeholders on Capital Construction Projects

Using Kanban Activity Boards to Create the “Questions Wall” for Critical Questions Raised by Executive Stakeholders on Capital Construction Projects

Executive stakeholders at organizations that are involved in delivering capital construction projects always need to get correct and timely answers...
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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?

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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Why It is so Critical to Manage Formal and Ad-Hoc Email Communications on Capital Construction Projects

Why It is so Critical to Manage Formal and Ad-Hoc Email Communications on Capital Construction Projects

Regardless of the extent of digital transformation that is being implemented and adopted on a capital construction project, individuals will...
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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 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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