Regardless of a capital construction project type or size, completing the project in accordance with the set dates to make the project operational and ready to be occupied is of great importance for project owners. Managing those completion dates requires breaking down the overall project duration into interim milestone dates Read more…
Accruals are a form of accounting practice that can help to provide a more accurate representation of the economic condition of a project at the end of an accounting period. The purpose of monthly accrual is to record incurred expenses within the proper accounting period and to match expenses with Read more…
Capital construction projects are generally high-risk investments given the significant amounts of cash, complexity, stakeholders with conflicting interests, rules, and regulations to comply with, and duration that they span for. As a result of these challenges, project-level risks can easily become enterprise-level risks. The Project Management Institute (PMI) Pulse of Read more…
