How Can Capital Project Owners Monitor, Evaluate and Report on Accrual Expenses and Revenues on Their Projects?

Accruals are a form of accounting practice that can help to provide a more accurate representation of the economic condition of a project at the end of an accounting period. The purpose of monthly accrual is to record incurred expenses within the proper accounting period and to match expenses with Read more…

Using Stage Gates to Enforce Project Governance while Communicating a Real-Time Single Version of the Truth Performance Status of Capital Construction Projects for Real Estate Development Directors, Managers, Investors and Other Executive Stakeholders

Capital construction projects are generally high-risk investments given the significant amounts of cash, complexity, stakeholders with conflicting interests, rules, and regulations to comply with, and duration that they span for. As a result of these challenges, project-level risks can easily become enterprise-level risks. The Project Management Institute (PMI) Pulse of Read more…

Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery? – Part 6: Performance Dashboards

In addition to the project’s performance and status reporting that will be required by the project owner on capital construction projects, the JV Contractor needs to create their own performance dashboards for the executive directors and leaders of the entities that are part of the joint venture contract. Those executives Read more…