Using Earned Value Management (EVM) for Reporting the Performance of Engineering Deliverables on Engineering-Procurement-Construction (EPC) Projects

The engineering stage of an Engineering-Procurement-Construction (EPC) project is of critical importance for all entities involved in delivering the project. During this stage, there will be a list of drawings, also known as deliverables, that the EPC contractor needs to produce and for which the project owner must approve before Read more…

Why Having Access to Trustworthy Data is a Must Requirement to Enable Artificial Intelligence on Capital Construction Projects

Intelligence, whether artificial or not, depends on the extent of relevant wisdom available to propose actions or predict future outcomes. Wisdom depends on the extent of available knowledge which depends on the amount of valid information available that depends on the trustworthiness of historical and current data that can be Read more…

Why Having Standardized Work, Organization and Cost Breakdown Structures are a Must for Enabling Artificial Intelligence on Capital Construction Projects

Cost breakdown structure (CBS) or control accounts (CA) are critical for establishing the lowest level of detail for which a capital construction project work, scope, schedule, and cost will be planned and managed. A comprehensive CBS requires having a detailed work breakdown structure (WBS) and an organization breakdown structure (OBS). Read more…