Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects
The main objective of using Machine Learning (ML) and Artificial Intelligence (AI) on capital construction projects is to enable stakeholders…
What Historical Data is Needed to Train Your Machine to Better Predict Cost Overruns and Schedule Delays on Capital Construction Projects?
The demand of predicting future results based on current performance and actions has been always a requirement when it comes…
How to Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects
The fourth and last article that relates to “How to Enforce the Culture of “100% Committed to Achieve” in Managing…
Earned Value Management (EVM) to Report Performance When the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects is Adopted
PMWeb Project Management Information System (PMIS) requisition module will be used to capture the details of all interim payment certificates…
How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects
For an EPC contractor, general contractor, subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts,…
Monitoring, Evaluating and Reporting the Value of Capital Construction Projects Using the Earned Value Management (EVM) Method
Monitoring, evaluating, and reporting the performance of schedule, cost and quality will always be a core requirement when it comes…
Avoiding the Misuse of Budget Contingency Reserve on Capital Construction Projects by Enforcing the Best Practices of Transparency and Accountability While Unlocking Trapped Budget Reserve
Every capital construction project has risks that may affect the cost, schedule, or quality of the completed work. The likelihood…
Can Machine Learning Help Project Executives to Focus and Prioritize Actions on the Most Urgent Communications, Tasks, and Events on Capital Construction Projects?
There are many definitions for Machine Learning, nevertheless, the one from the Western Governors University (WGU) is direct and to…
How Can Project Owners have a Real-Time Monitoring, Evaluation, and Reporting of Scope Creep Alert on their Capital Construction Projects?
For many capital project owners, change orders can be viewed as either constructive or destructive change orders. Constructive change orders…
How to Implement a Lean Claim Notice Business Process on Capital Construction Projects
Whether we like it or not, claims will always happen on capital construction projects. Therefore, claim notices, claim events or…
Using Project Management Information System (PMIS) for Agile Job Costing Implementation on Capital Construction Projects
Job costing is essential to any business’s bottom line, but it is especially crucial in the construction industry. Job costing…
Using Technology to Enable a 360-Solution to Manage, Monitor, Evaluate and Report the Performance of Retail Brands Expansion and Remodeling Programs and Projects – Step 2: Ensure that you have a Single Version of the Truth Visibility of Your Projects’ Financial Performance
Having a trustworthy single version of the truth of the financial status of either an expansion or remodeling project for…
