Portfolio

Setting the Project Control System (PCS) Narrative Management

The project control system (PCS for a construction project, regardless of whether it was managed by the project owner or contractor, must have a narrative module to detail the reported progress. Although most of the measures and visuals that are part of the periodical report are automatically calculated by the business intelligence (BI) reporting that is either part of the PCS applications or dedicated tools like MS Power BI, Read more…

By Tony, ago

Setting the Project Control System (PCS) Cost Management Module: Managing the Project Commitments

Commitments are the contract agreements for which the actual cost for delivering the project’s scope of work is per the awarded contracts for the outsourced scope of work. For a project owner, commitments are the contract agreements with consultants for design, site supervision, cost management, project management, and other types Read more…

By Tony, ago

Setting the Project Control System (PCS) Cost Management Module: Definite Cost Estimate

The third Project Control System (PCS) module needed for construction projects is the cost management module. In doing so, it is very important to understand the difference between cost management and revenue management. Cost management addresses the different processes needed to ensure that the cost of the construction project does Read more…

By Tony, ago