Costs

Why Project Owners Should Require Contractors to Develop Level 5 Construction Project Schedule if Artificial Intelligence is on Their Road Map

On most construction projects, the Integrated Project Execution Schedule will usually be completed at Level 4 while Level 5 is considered as a temporary document for coordinating site activities that will be detailed weekly by the project team. Nevertheless, for those project owners and contractors who have Artificial Intelligence (AI) Read more…

By Tony, ago

Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective

The Association of Project Management (APM) Earned Value Management (EVM) guidelines can be used by Contractors to provide them with robust solutions to manage, monitor, evaluate and report project cost performance on their lump sum contracts from their perspective as well as the Project Owner perspective. The EVM reporting will Read more…

By Tony, ago

Encouraging Project Team Members to Play an Active Role in the Risk Management Process on Capital Construction Projects

Regardless of your company role on a capital construction project was the project owner, contractor, consultant, project management consultant, subcontractor, funding agency, or any other role, all those companies understand that project delivery will include many risks that need to be identified, analyzed, quantified, responded to and managed. Although each Read more…

By Tony, ago