Cost Management

How Capital Project Owners Can Monitor, Evaluate and Report on Payments on Account Against Accepted Change Orders That are Not Yet Approved to Revise the Value of the Awarded Construction Contract Agreement

One of the key challenges that face many capital project owners, mainly in the public sector, is how to manage, monitor, evaluate and Report on Payments on Account made against approved change orders that are not yet approved to revise the value of the related construction contract agreement. In other Read more…

By Tony, ago

Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective

The Association of Project Management (APM) Earned Value Management (EVM) guidelines can be used by Contractors to provide them with robust solutions to manage, monitor, evaluate and report project cost performance on their lump sum contracts from their perspective as well as the Project Owner perspective. The EVM reporting will Read more…

By Tony, ago

How to Have an Agile Solution to Monitor, Evaluate and Report the Status of Cost Estimates on Capital Construction Projects

To have a realistic budget for a capital construction project that an organization can commit to, the organization needs to have an accurate and comprehensive cost estimate for the project’s scope of work. It is the top priority for those responsible for monitoring, evaluating, and reporting the status of the Read more…

By Tony, ago