Workflow

Work and Cost Breakdown Structures Based Monitoring, Evaluating and Reporting of Cost Performance on Capital Construction Projects

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…

By Tony, ago

Monitoring, Evaluating and Reporting Strategy Performance Outcomes in Project Centric Organizations

One of the key challenges that face project-centric or project-driven organizations and in particular those in the public sector is how to have a real-time single version of the truth of the performance of each strategic objective measure or outcome that can be traced to the source of the provided Read more…

By Tony, ago

The Threats of Bad Data and Opportunities of Good Data When Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects

A study shows that in 2020, bad data may have caused $1.8 trillion in losses worldwide and may be responsible for 14% of avoidable rework, which amounts to $88 billion in costs. The construction technology firm Autodesk released the study on September 14, 2021, with management consulting firm FMI Corporation Read more…

By Tony, ago