Plans

How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects

For an EPC contractor, general contractor, subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts, ensuring the actual direct and indirect costs incurred during the project execution do not exceed the final awarded contract price is a must requirement. One of the possible methods to Read more…

By Tony, ago

Using Project Management Information System (PMIS) for Agile Job Costing Implementation on Capital Construction Projects

Job costing is essential to any business’s bottom line, but it is especially crucial in the construction industry. Job costing provides the ability to effectively and accurately estimate the job costs on a project and track the costs incurred on a job against the revenue generated by that job. Although Read more…

By Tony, ago

Using Technology to Enable a 360-Solution to Manage, Monitor, Evaluate and Report the Performance of Retail Brands Expansion and Remodeling Programs and Projects – Step 2: Ensure that you have a Single Version of the Truth Visibility of Your Projects’ Financial Performance

Having a trustworthy single version of the truth of the financial status of either an expansion or remodeling project for a retail brand is of great importance and a must requirement to the project owner. The presentation of such financial reports can be in different forms and formats. For example, Read more…

By Tony, ago