One of the major challenges that face organizations that are involved in capital construction projects delivery is determining the actual cost value at the end of each financial period. The challenge stems from the fact that most financial systems only recognize actual costs for work in place, delivered materials, and Read more…
Having a single version of the true financial performance reporting is one of the important if not the most important requirement when it comes to delivering capital construction projects. This single version of the truth reporting cannot be achieved if the required cost data are captured and stored in different Read more…
For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus on the cost for delivering the project’s real estate investment. The cost breakdown structure details all soft and hard costs required to deliver the project including the costs associated with Read more…
