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How Cost-Loaded Schedules and Project Management Information System (PMIS) Provide A Real-Time Single-Version-of-the-Truth Earned Value Management Report

The use of what is known as the cost-loaded schedule to establish the value of interim payment certificates is a growing trend among contractors as well as project owners who are involved in delivering capital construction projects. The approved cost-loaded schedule will become the basis for quantifying the work in Read more…

By PMWeb, ago

The Great Value of Associating Planned Project Outcomes with Actual Results when it Comes to Monitoring, Evaluating and Reporting the Resources and Cost Performance of Capital Construction Projects

One of the key requirements when it comes to delivering capital construction projects is how to have a trust-worthy, auditable, real-time, single version of the truth monitoring, evaluating, and reporting the resources and cost performance that is closely aligned to what was planned for when the project was approved for Read more…

By PMWeb, ago

How Can Technology Improve the Situational Awareness of Project Managers? 

Indeed, a project manager’s ability to effectively manage uncertainty and stay informed about project developments is crucial. Construction projects become more detailed as they progress, with numerous uncertainties in the initial stages. A project manager must be comfortable with this aspect. Situational awareness involves perceiving, comprehending, and responding effectively to Read more…

By Tony, ago