Plans

How Can Online Bidding Help in Supporting Lean Construction Management Best Practices by Reducing Wasted Effort and Paperwork?

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

By PMWeb, ago

The Need to Have a Comprehensive Progressively Elaborated Work Breakdown Structure (WBS) in Managing Capital Projects

Those involved in delivering capital projects understand the importance of having a work breakdown structure (WBS) that can be progressively elaborated as the project’s scope of work gets developed and defined during the concept, schematic, design development, and construction documents phases of the project life cycle. The work breakdown structure Read more…

By PMWeb, ago
PMWeb 7 Project Cost Plan

Creating the Capital Project Integrated Cost Plan that Can Progressively Elaborated During the Project Life Cycle Phases

The Cost Plan is the outline of the estimated project cost for the required resources to complete all project activities. The term “project cost” refers to the total sum the project in question will cost the company. Those could include the costs associated with the project direct and indirect costs, Read more…

By Tony, ago