Costs

The Need to Have a Comprehensive Progressively Elaborated Work Breakdown Structure (WBS) in Managing Capital Projects

Those involved in delivering capital projects understand the importance of having a work breakdown structure (WBS) that can be progressively elaborated as the project’s scope of work gets developed and defined during the concept, schematic, design development, and construction documents phases of the project life cycle. The work breakdown structure Read more…

By PMWeb, ago

Using Project Management Information Systems (PMIS) To Support the Critical and Challenging Role of Internal Audit for Capital Projects

The growing concerns of committing fraud on capital projects have led many public and private sector organizations to increase their internal audit team’s involvement when it comes to delivering their capital project investments. Those organizations understand the critical role of internal audit in providing an independent assurance that the organization’s Read more…

By PMWeb, ago
PMWeb 7 Project Cost Plan

Creating the Capital Project Integrated Cost Plan that Can Progressively Elaborated During the Project Life Cycle Phases

The Cost Plan is the outline of the estimated project cost for the required resources to complete all project activities. The term “project cost” refers to the total sum the project in question will cost the company. Those could include the costs associated with the project direct and indirect costs, Read more…

By Tony, ago