Whether we like it or not, managing, monitoring, evaluating, and reporting the budget performance for capital construction projects takes priority over the other aspects of project management including but not limited to schedule, quality, health and safety, and risk among others. What makes managing the budget for capital construction projects Read more…
In our last article titled “The Earned Performance for Engineering and Procurement Deliverables on EPC and LSTK Contracts”, the level of the reported earned performance was set at the deliverable groups for each work package. The question is that can the same PMWeb Project Management Information System (PMIS) platform be Read more…
One of the key requirements on Engineering-Procurement-Construction (EPC) and Lump Sum Turnkey (LTSK) contracts is the formal documentation, monitoring, evaluation, and reporting of the earned performance against what was planned for the scope of work for engineering and procurement deliverables. For engineering scope of work, those would usually include engineering Read more…
