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Monitoring, Evaluating, and Reporting on the Performance Factor Indices (PFI) for Earned Value Management (EVM) on Capital Construction Projects

For some of those who are involved in the Earned Value Management (EVM) reporting on capital construction projects, continue to use different factors to adjust the calculated Estimate to Complete (ETC) for the remaining scope of work for each work package. Those factors known as the Performance Factor Index (PFI) Read more…

By Tony, ago

How Can Data Granularity Help in Getting the Best Out of Intuition and Data-Driven Decision-Making on Capital Construction Projects? 

For many experienced stakeholders, intuition can provide a spark that starts the need to make a decision. Nevertheless, it’s only through trustworthy, valid, and real-time granular data that a stakeholder can verify, understand, and quantify the possible outcomes of the decision to be made. Data granularity is the level of Read more…

By Tony, ago

Monthly Progress Report Checklist for Comprehensive Performance Report of Capital Construction Projects 

Reporting the performance of capital construction projects is a must requirement regardless of the project type, size, phase, or even project delivery method. To have trustworthy, credible, and traceable performance reporting, the reporting should be bottom-up where Detailed Reporting or Level 3 provides the necessary input for Level 2 Project Read more…

By Tony, ago