Whether the project control system (PCS) is being managed by the project owner or contractor, they both need to manage, monitor, evaluate, and report on the funding that has been authorized for the project. Funding can come from different sources depending on the funding recipient. The PMWeb funding module enables Read more…
Revenue management is mainly applicable to the project control system (PCS) that is being managed from the contractor’s perspective. The revenue or income contract agreement is the contract agreement between the project owner and the contractor. This contract is also the basis for the cost-loaded project schedule. Having said that, Read more…
There is a very slim chance that a construction project is completed without encountering changes. There are many events that could cause a change. For example, those include the intent of documents not “reasonably inferable” and corrections required, unknown conditions necessitating changes, the project owner’s requirements change, changes in code Read more…
