How Can Technology Bring the Much-Needed Transparency and Objectivity in Assessing Engineering Consultants and Contractors Prequalification Documents on Capital Projects?

For a capital project owner, one of the proven response strategies for reducing the project’s risk exposure is to outsource part of the project’s scope of work to qualified engineering consultants and contractors. Otherwise, the project’s risk exposure increases if an incompetent entity ends up as awarded the outsourced scope Read more…

The Five Low-Hanging Fruits that Each Entity Should Aim for When Starting the Journey of Digital Transformation for Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects

The term “low-hanging fruit” is a commonly-used metaphor for doing the simplest or easiest work first requiring little or no effort, or for a quick fix that produces ripe, delectable results. Entities who are considering digital transformation for managing, monitoring, evaluating, and reporting performance of their capital construction projects’ portfolio Read more…

Using Cost Estimate Checklists to Ensure the Quality of the Estimated Capital Project Cost During the Engineering Design Phases

The Project Management Institute (PMI) Project Management Body of Knowledge (PMBOK®) defines cost estimate as the process of developing an approximation of the monetary resources needed to complete project activities. The key benefit of this process is that it determines the amount of cost required to complete project work. Cost Read more…