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Why Having Standardized Work, Organization and Cost Breakdown Structures are a Must for Enabling Artificial Intelligence on Capital Construction Projects

Cost breakdown structure (CBS) or control accounts (CA) are critical for establishing the lowest level of detail for which a capital construction project work, scope, schedule, and cost will be planned and managed. A comprehensive CBS requires having a detailed work breakdown structure (WBS) and an organization breakdown structure (OBS). Read more…

By PMWeb, ago

Why We Need Trustworthy Historical Data to Improve the HSE Risk Assessment and Register Process on Capital Construction Projects

Those who are set accountable for developing and maintaining the Health, Safety, and Environment (HSE) Risk Register need to know what the probable causes of HSE risks are, their likelihood to occur, and their impact on the project’s human resources, progress on-site and project cost. This information could vary from Read more…

By PMWeb, ago

Why Defects Liability Period (DLP) Should be One of the Capital Construction Project Life Cycle Stages that Need to be Managed, Monitored, Evaluated and Reported on

The defects liability period (DLP) is the only time a capital project owner can lay claim to any unfinished, defective, and substandard quality work to be rectified by the contractor. The defects liability period is a fixed time, starting from the date of substantial completion also known as practical completion, Read more…

By PMWeb, ago