Organizations who are involved in delivering capital construction projects always need to know the current material price of key construction materials and other related commodities. Whether those organizations were project owners, contractors, consultants among others need those prices to assess the project viability, price to bid, etc. In most countries, Read more…
Cost breakdown structure (CBS) or control accounts (CA) are critical for establishing the lowest level of detail for which a capital construction project work, scope, schedule, and cost will be planned and managed. A comprehensive CBS requires having a detailed work breakdown structure (WBS) and an organization breakdown structure (OBS). Read more…
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…
