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Why It is Critical to Align Progress and Financial Periods for Capital Construction Project Performance

One of the common requirements for all capital construction projects is to have a monthly assessment and appraisal of a project performance. This will include the performance as it relates to scheduled milestone dates, budget consumption, actual cost, changes, anticipated changes, achievements, issues among others. This performance reporting might require Read more…

By PMWeb, ago

Analyzing the Prequalification Scoring for Potential Consultants and Contractors

For capital project owners, outsourcing the project’s scope of work to qualified engineering consultants and contractors is one of the common practices in this industry. Ensuring that there is a formal process for prequalifying engineering consultants and contractors before they are invited to bid is crucial to reduce the risk Read more…

By PMWeb, ago

Using Organizational Charts to Document the Roles and Responsibilities and Performance Appraisal in the Delivery of Capital Construction Projects

The delivery of capital construction projects usually involves a large number of individuals who will be assigned duties and responsibilities considering the specific goals and objectives assigned to the project team which is part of the project’s overall goals and objectives. A project team could consist of full-time and part-time Read more…

By PMWeb, ago