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…

Setting the Project Control System (PCS) Schedule and Resource Management Module: Schedule Performance Reporting

Function 5: Schedule Performance Reporting In addition to the wide variety of the schedule performance reports that could be either directly generated from the planning and scheduling or by interactive dashboard reporting tools like MS Power BI, there is still a requirement to generate schedule performance reports that combine the Read more…

Setting the Project Control System (PCS) Schedule and Resource Management Module: Schedule Delays

Function 4: Schedule Delays  On construction projects, schedule delay claims that affect the project completion date are becoming a common event. Those are the delays that are beyond the contractor’s control and the events that entitle the contractor to delay claims are normally specified in a contract provision. For example, Read more…