By definition, fraud is the crime of deceiving someone in order to secure unfair or unlawful gain or something else of value. On capital construction projects, there are many actions taken and decisions made that could be considered fraudulent if they were intended to deceive the project owner. Approvals of Read more…
Uncertainties are inherited in every project delivery and in particular capital construction projects. By nature, projects are all about committing to deliver future products and services based on what is known today. What makes it more challenging for capital construction projects is that although there is always a desire to Read more…
When it comes to evaluating and shortlisting capital investment opportunities, an organization needs to consider selecting and investing in them as capital projects. With this, they must decide if the profit investment ratio (PIR) or value investment ratio (VIR), which is a capital budgeting measure that gauges the potential profitability Read more…
