Costs

Using the Kanban Technique and Checklists to Transform the Accumulated Knowledge into Accountable Actions on Capital Construction Projects

Many organizations that are involved in delivering capital construction projects use predefined checklists to share the massive volume of knowledge that they have accumulated over their years of experience. Those organizations understand that knowledge is one of their most valuable organizational assets that makes them unique when compared with others Read more…

By PMWeb, ago

Why a PPP Project Company Needs a Project Management Information System for Managing, Monitoring, Evaluating and Performance Reporting of the Contract Management Stage of a PPP Project

The delivery of Public-Private=Partnership (PPP) projects involves creating a Project Company which will usually be in the form of a Special Purpose Vehicle (SPV) to develop and manage the project. The SPV will sign the different agreements for delivering the PPP project including those for the engineering, procurement, and construction Read more…

By PMWeb, ago

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…

By PMWeb, ago