Portfolio

Why Having Standardized Work, Organization and Cost Breakdown Structures are a Must for Enabling Artificial Intelligence on Capital Construction Projects

Cost breakdown structure (CBS) or control accounts (CA) are critical for establishing the lowest level of detail for which a capital construction project work, scope, schedule, and cost will be planned and managed. A comprehensive CBS requires having a detailed work breakdown structure (WBS) and an organization breakdown structure (OBS). Read more…

By PMWeb, ago

Why Defects Liability Period (DLP) Should be One of the Capital Construction Project Life Cycle Stages that Need to be Managed, Monitored, Evaluated and Reported on

The defects liability period (DLP) is the only time a capital project owner can lay claim to any unfinished, defective, and substandard quality work to be rectified by the contractor. The defects liability period is a fixed time, starting from the date of substantial completion also known as practical completion, Read more…

By PMWeb, ago

Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 2: Managing Project Documents

Regardless of the document management system (DMS) that the project owner might require the JV Contractor to use on the project, the JV Contractor has the requirement to manage their own internal documents and business processes that will generate those documents among many others. There is also the need to Read more…

By PMWeb, ago