Engineering

Using Technology to Improve the Cost Estimating, Revenue Capturing and Actual Cost Incurred of Engineering and Design Deliverables on Capital Projects

For engineering and design consultants, using traditional cost estimating tools that are usually configured for estimating the cost of a construction project will not be the right solution when it comes to estimating the cost of engineering and design projects. Unlike construction projects where the cost is driven by equipment, Read more…

By PMWeb, ago

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…

By PMWeb, ago

The Need for Lean Meetings in Engineering and Construction Projects

The Corona Virus, or COVID-19, has proven that online meetings can perfectly replace the very costly and less efficient meetings that requires the physical presence of those invited to attend the meeting. In the engineering and construction projects, periodical meetings are one of the most-costly project management events that occurs Read more…

By PMWeb, ago