One of the must requirements when it comes to managing any project is having the Responsibility Assignment Matrix (RAM). The main objective of the RAM is to detail the responsibilities of the different project stakeholders when it comes to performing the different project management processes across the project life cycle Read more…
For a capital project owner, one of the proven response strategies for reducing the project’s risk exposure is to outsource part of the project’s scope of work to qualified engineering consultants and contractors. Otherwise, the project’s risk exposure increases if an incompetent entity ends up as awarded the outsourced scope Read more…
In capital projects, have multiple prime contractors or bid packages to deliver the project’s scope of work is a very common project delivery practice. This enables the project owner to fast track the project’s delivery to shorten the project’s duration as well as eliminate the supervision and overhead allowance that Read more…
