Regardless of the extent of digital transformation that is being implemented and adopted on a capital construction project, individuals will continue to use emails as a means for formal and ad-hoc communications. Many times, the content of those email communications might have implications on the project’s cost, schedule, quality, and Read more…
Monitoring, evaluating, and reporting the performance of schedule, cost and quality will always be a core requirement when it comes to managing the execution of capital construction projects. Nevertheless, it is also true that project owners, and in particular those of the public sector, each project they undertake will contribute Read more…
Every capital construction project has risks that may affect the cost, schedule, or quality of the completed work. The likelihood of these risks must be assessed so their typical cost can be calculated. The result is the contingency reserve also called known-unknown risks. Typically, a 5-10% calculation of the construction Read more…
