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The Fourth Industrial Revolution 4.0 (Industry 4.0) and its Impact on Managing the Execution of Capital Construction Projects

So much has been written and said on how the fourth industrial revolution 4.0 (Industry 4.0) will impact the delivery of capital construction projects. Most of what has been published addresses the digitization of the project’s design using Building Information Modelling (BIM), capturing data from the construction sites by using Read more…

By Tony, ago

Calculating, Monitoring, Evaluating and Reporting Project Schedule Performance Index on Capital Construction Projects

The paper written by Bahaa Hussein and Osama Moselhi on “Performance Reporting Using Schedule Compression Index” has detailed a number of performance indicators that can provide a better insight on how a capital construction project is performing for the time or schedule management aspect. Those include the Schedule Performance Index Read more…

By Tony, ago

Managing, Monitoring, Evaluating, and Reporting on the Funding Limit Reconciliation for Capital Construction Projects

Funding Limit Reconciliation for capital construction projects is the process of comparing the planned expenditure of project funds against any limits on the commitment of funds for the project to identify any variances between the funding limits and the planned expenditures (Project Management Institute, A Guide to the Project Management Read more…

By Tony, ago