Costs

Why It is Critical to Align Progress and Financial Periods for Capital Construction Project Performance

One of the common requirements for all capital construction projects is to have a monthly assessment and appraisal of a project performance. This will include the performance as it relates to scheduled milestone dates, budget consumption, actual cost, changes, anticipated changes, achievements, issues among others. This performance reporting might require Read more…

By PMWeb, ago

Using Organizational Charts to Document the Roles and Responsibilities and Performance Appraisal in the Delivery of Capital Construction Projects

The delivery of capital construction projects usually involves a large number of individuals who will be assigned duties and responsibilities considering the specific goals and objectives assigned to the project team which is part of the project’s overall goals and objectives. A project team could consist of full-time and part-time Read more…

By PMWeb, ago

How to Have a Trustworthy and Auditable Anticipated Estimate to Complete (ETC) Projection

When it comes to delivering capital construction projects, the use of earned value management (EVM) measures and metrics are very common to report the project’s cost performance. Those measures will mainly include the cost variance (CV), cost performance index (CPI), and variance at completion (VAC) which is the difference between Read more…

By PMWeb, ago