Plans

PMWeb 7 Project Financial Performance Report

Will Financial Regulators Enforce Contractors to Use Technology When It Comes to Reporting Their Financial Performance on Construction Projects?

For the majority of contractors, the technology that relates to project management and tracking financial performance is considered an expense that they will try their utmost to eliminate. What is surprising to all, is that they fail to understand that delivering the awarded projects successfully is what will make or Read more…

By PMWeb, ago

Using Project Management Information System (PMIS) for a Real-Time Single Version of the Truth Cost Value Reconciliation (CVR) Report

Cost Value Reconciliations (CVR) are carried out in order to monitor, evaluate and report expenditures against budgets to ensure that construction projects are completed within budget. The Cost Value Reconciliation (CVR) is a measurement of the actual costs incurred on a project for which they are compared against the value Read more…

By PMWeb, ago
PMWeb 7 Commercial Bid Analysis

The Great Benefits of e-Procurement in Engineering and Construction Projects During the COVID-19 Pandemic Era and Beyond

One of the common practices in capital projects is outsourcing part of the project’s scope of work to third-party entities who could be more qualified and efficient in delivering the outsourced scope of work. Actually, outsourcing is one of risk response strategy actions to transfer project risks. Project owners can Read more…

By PMWeb, ago