One of the great challenges on capital construction projects is how frequently the project schedule needs to be updated. The common practice is to update the project schedule on a weekly basis. Bi-weekly or monthly schedule updates proved to be too long and fail to provide meaningful schedule delay alerts Read more…
FIDIC sub-clause 4.21 requires the contractor to prepare monthly progress reports, the first of which shall cover the period up to the end of the first calendar month and, like all succeeding monthly progress reports, should be submitted within 7 days of the last day of the period covered. This 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…
