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Costs Articles

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Capturing and Reporting Construction Material Price Index

August 23, 2021
Organizations who are involved in delivering capital construction projects always need to know the current material price of key construction…
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Why Having Standardized Work, Organization and Cost Breakdown Structures are a Must for Enabling Artificial Intelligence on Capital Construction Projects

August 18, 2021
Cost breakdown structure (CBS) or control accounts (CA) are critical for establishing the lowest level of detail for which a…
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Using Stage Gates to Enforce Project Governance while Communicating a Real-Time Single Version of the Truth Performance Status of Capital Construction Projects for Real Estate Development Directors, Managers, Investors and Other Executive Stakeholders

August 11, 2021
Capital construction projects are generally high-risk investments given the significant amounts of cash, complexity, stakeholders with conflicting interests, rules, and…
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 4: Earned Income, Earned Value and Actual Cost

August 2, 2021
As the construction contract commences, there will be three important processes that the JV Contractor needs to manage to be…
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 3: Change Management

July 30, 2021
Change management is one of the many critical processes that need to be managed on a capital construction project. For…
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Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 1: Achieving the 100% Buyout

July 26, 2021
It is a very common practice among construction contractors to joint venture when it comes to delivering mega-sized projects. Further,…
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Can Public Sector Entities in the Middle East Implement Project Management Best Practices in Delivering Capital Construction Projects?

July 23, 2021
One of the key challenges that face many public sector entities in the Middle East is the absence of project…
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How To Enable Project Stakeholders To Do Their Own Dice, Slice, Analysis and Visualization of Data Captured on Capital Construction Projects by Using Any Business Intelligence and Data Visualization Tool

July 14, 2021
One must admit that the availability of easy-to-use business intelligence and data visualization tools like MS Power BI, Tableau, Qlik…
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Why Real Estate Developers Should Integrate the Management of Off-Plan Sales Business Processes with the Business Processes Needed to Manage the Delivery of Capital Construction Projects

June 28, 2021
Off-plan properties are an opportunity to buy property at a much lower price and enjoy the capital appreciation of the…
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Monitoring, Evaluating and Reporting of Planned and Actual Concrete Pours Checklists on Capital Construction Projects

June 21, 2021
No one can deny the high cost, delays, and wasted effort of rework for poor quality of work. This is…
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The Evolution of Improved Quality of Captured Raw Data for Business Processes Needed to Manage the Delivery of Capital Construction Projects

June 18, 2021
When it comes to managing the delivery of capital construction projects, there could be more than three-hundred business processes that…
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Monitoring, Evaluating and Reporting on Schedule Delay Mitigation Actions on Capital Construction Projects

June 14, 2021
Most contract agreements for capital construction projects require that the contractor must make reasonable efforts not to unduly increase the…
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