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What Cost Curves Capital Projects Owners Must Have to Monitor, Evaluate and Report a Real-Time Single Version of the Truth of Their Projects’ Performance and Status?

For capital projects’ owners, having cost curves to monitor, evaluate and report the performance and status of those projects’ financial performance is of great importance. Mainly there will be three curves to manage assuming that the awarded contracts on those capital projects will be based on lump-sum contracts. In other Read more…

By PMWeb, ago

Using Project Management Information System to Provide a Real-Time Single Version of the Truth to Calculate, Monitor, Evaluate and Report Lost Time Injury Frequency Rate (LTIFR) on Construction Projects

The achievement of an organization’s Health, Safety, and Environment (HSE) strategy depend on capturing the right metrics so they can use those metrics to improve their HSE operations. One of the very common metrics used on construction projects is the lost time injury frequency rate (LTIFR). LTIFR gives the organization Read more…

By PMWeb, ago

How Common Sense Helps Organizations to Have a Project HSE Management Plan that Incorporates the Best Practices of Lean Construction Management, Transparency, Accountability, Paperless, Knowledge Management, and Real-Time Single Version of the Truth Performance Reporting

One of the key requirements for any construction project regardless of its type, size or location is to have a Project HSE Management Plan (PHSEMP) document that defines the project’s health, safety, and environmental policies, procedures, criteria, and areas of application, and responsibilities and accountabilities. The successful implementation of the Read more…

By PMWeb, ago