Costs

The Five Low-Hanging Fruits that Each Entity Should Aim for When Starting the Journey of Digital Transformation for Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects

The term “low-hanging fruit” is a commonly-used metaphor for doing the simplest or easiest work first requiring little or no effort, or for a quick fix that produces ripe, delectable results. Entities who are considering digital transformation for managing, monitoring, evaluating, and reporting performance of their capital construction projects’ portfolio Read more…

By Tony, ago

The Importance of having Meaningful Probability Values for the Likelihood of Events’ Occurrence to Predict Future Results on Capital Construction Projects

When an individual makes a decision or takes an action, the quality of the made decision or takes action depends on the knowledge that this individual has in dealing with situations of similar nature. This knowledge is based on the accumulated successful and unsuccessful experiences that this individual has had Read more…

By Tony, ago

Why We Need to Manage, Monitor, Evaluate and Report on Deliverables Activities as Business Processes While Executing the Project Life Cycle Stages

Whenever an entity wants to deliver a project including a capital construction project, one of the first documents that get created is the integrated project delivery plan that will map the complete project life cycle stages and the deliverables that need to be created, reviewed, and approved within each stage. Read more…

By Tony, ago