Like the construction phase, project owners of capital construction projects need to be aware of how their projects are performing during the design phase. The progress information that needs to be communicated during the design phase differs from those in the construction phase, although the objectives remain the same. Those Read more…
Each capital construction project consists of direct and indirect costs. Direct Costs are the costs that are proportional to the project, which would usually include material for products, workers, project managers. Direct Costs are also known as Variable Costs as they vary with project requirements. On the other hand, Indirect Read more…
Manipulated information is the Rubbish In. Miss information can lead Senior management to make the wrong decision. This is the Rubbish Out. Recently I have ready a nice article by Matthew Klinefelter titled “Rubbish In = Rubbish Out” where the above very true definition of Rubbish In-Rubbish Out was extracted from (https://www.kceslimited.co.uk/post/rubbish-in-rubbish-out). Read more…
