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Costs Articles

588-Overcoming-Accruals_Page_1_Image_0001

Can the Tedious Accruals Estimate Requirement be Eliminated by Implementing a Project Management Information System?

August 1, 2022
One of the major challenges that face organizations that are involved in capital construction projects delivery is determining the actual…
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583-Revenue-Breakdown-Structure_Page_2_Image_0001

Cost Breakdown Structure (CBS) for Capital Construction Project Revenues 

July 20, 2022
For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus…
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581-Deep-Cost-Control_Page_2_Image_0001-1

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

July 15, 2022
Project owners involved in delivering capital construction projects always have the requirement to monitor, evaluate and report project cost performance…
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580-Strategy-Execution-Performance-Reporting_Page_6_Image_0002

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

July 13, 2022
One of the key challenges that face project-centric or project-driven organizations and in particular those in the public sector is…
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579-Threasts-of-Bad-Data_Page_8_Image_0002

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

July 11, 2022
A study shows that in 2020, bad data may have caused $1.8 trillion in losses worldwide and may be responsible…
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577-Digitization-Digitilization-Digital-Transformation_Page_5_Image_0001

The Digitization of Cost Management on Capital Construction Projects

July 6, 2022
Regardless of a capital construction project type, size, complexity, delivery method, location or managed by who, managing, monitoring, evaluating, and…
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575-ERP-and-PMIS-for-Actual-Cost_Page_1_Image_0001

Why Integrating ERP and Project Management Information System (PMIS) is the Only Option for Capturing, Tracking, Monitoring, Evaluating, and Reporting of Every Aspect That Could Have an Impact on the Overall Cost of Capital Construction Projects

July 1, 2022
All organizations, whether they were project owners or contractors, have been using ERP, financial and other types of accounting systems…
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574-Converting-Estimate-to-Budget_Page_8_Image_0001

How to Convert a Capital Construction Project Cost Estimate into a Budget that can be Monitored, Evaluated, and Reported at the Required CBS Levels

June 29, 2022
One of the top great challenges that face project owners as well as contractors is how to convert their approved…
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571-Two-Stage-Change-Management_Page_1_Image_0001

Implementing a Three-Stage Change Management Process on Capital Construction Projects

June 22, 2022
For capital construction projects that use the FIDIC form of contract, a variation is a change in the form, quality,…
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565-15

Why Digitizing Project Management Business Processes for Capital Construction Projects Is the Only Way Forward To Survive?

June 8, 2022
No one can deny that the fourth industrial revolution 4.0 (Industry 4.0) will impact all industries including the construction industry. One of…
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562-Associating-CRM-with-PMIS_Page_2_Image_0001

Why It is Crucial to Associate CRM Data with Project Management Information Systems (PMIS) Data for Real Estate Development Projects

June 1, 2022
Regardless of the CRM solution selected by a real estate developer, there is always a requirement to associate the captured…
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561-Project-Management-for-IE-4_Page_6_Image_0001

The Fourth Industrial Revolution 4.0 (Industry 4.0) and its Impact on Managing the Execution of Capital Construction Projects

May 30, 2022
So much has been written and said on how the fourth industrial revolution 4.0 (Industry 4.0) will impact the delivery…
Read more
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