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How a PMIS Helps the Adoption of FIDIC Compliant Project Management and Contract Management Processes

There is a growing trend among international funding agencies like the Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), World Bank, Islamic Development Bank (IDB), Inter-American Development Bank, Caribbean Development Bank, and the European Bank for Reconstruction and Development (EBRD) to use the FIDIC (Fédération Internationale Des Ingénieurs-Conseils) forms Read more…

By PMWeb, ago

Analyzing a Projects’ Financial Data Using Business Intelligence and Data Visualization Tools

One of the key reporting requirements by executive stakeholders is to visualize the source of reported financial data on capital construction projects. Whether this information was related to the project budget and its planned spending, awarded contracts, earned payments, actual cost, estimate to complete remaining scope of work, estimate at 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