Schedules

For Capital Construction Projects’ Contracts with the Time is of Essence Clause, Why Associating Project Schedule Activities with Business Processes Become a Must and Not a Choice

Whether a contract agreement had explicitly stated the clause of “Time is of Essence” or not, it is a common practice in delivering capital construction projects to request all parties involved, contractors in particular, take all necessary measures. This includes the adding of more resources to avoid project delays. Nevertheless, Read more…

By Tony, ago

Why Digitizing Project Management Business Processes for Capital Construction Projects Is the Only Way Forward To Survive?

No one can deny that the fourth industrial revolution 4.0 (Industry 4.0) will impact all industries including the construction industry. One of the areas that forces the digitization is managing the delivery of capital construction projects. Not only do digitalized business processes improve the efficiency, transparency, and accountability in performing the hundred-plus Read more…

By Tony, ago

How to Provide a Better Prediction of the Possible Estimate to Complete (ETC) Value for Capital Construction Projects

For those who use the Earned Value Management (EVM) method on capital construction projects, the Estimate to Complete (ETC) measure provides them with the basis for calculating the Estimated at Completion (EAC) and Variance at Completion (VAC) measures. Nevertheless, the Estimate to Complete (ETC) measure needs to be adjusted to Read more…

By Tony, ago