The growing adoption of Building Information Modeling (BIM) has helped users take advantage of the different data types captured in those BIM models. Some of those data fields are the volume, areas, and quantities of the different objects included in the BIM model. This helps not only in accurately quantifying Read more…
For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus on the cost for delivering the project’s real estate investment. The cost breakdown structure details all soft and hard costs required to deliver the project including the costs associated with Read more…
Project owners involved in delivering capital construction projects always have the requirement to monitor, evaluate and report project cost performance by either the Work Breakdown Structure (WBS) or Cost Breakdown Structure (CBS) levels. The Project Management Institute (PMI) Project Management Book of Knowledge (PMBOK) defines the Work Breakdown Structure as Read more…
