Cost Management

PMWeb 7 Project Financial Performance Report

Will Financial Regulators Enforce Contractors to Use Technology When It Comes to Reporting Their Financial Performance on Construction Projects?

For the majority of contractors, the technology that relates to project management and tracking financial performance is considered an expense that they will try their utmost to eliminate. What is surprising to all, is that they fail to understand that delivering the awarded projects successfully is what will make or Read more…

By PMWeb, ago

How Earned Value Management (EVM) for Interior Design Improves the Schedule and Cost Performance of Furniture, Fixtures and Equipment (FF&E) Contracts

For an Interior Design contractor using a Project Management Information System (PMIS) like PMWeb to manage the procurement of their Furniture, Fixtures and Equipment (FF&E) contracts, it is of high importance to apply the best practice of Earned Value Management (EVM). This in turn provides a readily available objective monitoring, Read more…

By PMWeb, ago

Transparent Process for Tracking Allocated Short-Term Funds for On-Going Capital Construction Projects that Need to be Slowed-Down

One of the key challenges facing Municipalities, Public Works Departments and other public sector entities who are involved in delivering capital construction projects is managing the short-term allocation of available funds across their projects’ portfolio. Those are projects that were already approved and have approved budgets for which required funds Read more…

By PMWeb, ago