Why Contractors Could Be Facing Unprecedent Threats When Project Owners Decide to Use Project Management Information Systems (PMIS) or Document Management Systems (DMS) to Enable Formal Communication Between Project’s Parties on Their Construction Projects

For construction projects that project owners have either adopted a Project Management Information System (PMIS) or even a Document Management System (DMS) to enable formal collaboration between the project different parties, contractors could be faced with unprecedented threats if they wrongly assume that they will have access to the captured Read more…

Why the Internal Rate of Return (IRR) Should be Part of the Monitoring, Evaluating and Reporting on Your Capital Construction Project Investments Performance

Although many of those involved in investing in capital construction projects have different criteria to decide if the project opportunity is worthwhile investing in or not, nevertheless, two of the most important measures that will always appear on this list are Risk Attractiveness and Internal Rate of Return (IRR). Those Read more…

How Can Organizations Take Advantage from Their Past and Current Experience in Managing Change Orders to Build an Unbiased Assessment of Schedule and Cost Impact of Change Order Risks as well as Their Occurrence Likelihood on their Capital Construction Projects’ Portfolio?

Similar to any risk assessment, assessing the exposure of change orders risk on a capital construction project requires assessing the likelihood of the risk occurrence as well as the impact that this risk could have on the project’s completion date and budget should it occur. To improve the occurrence likelihood Read more…