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Costs Articles

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Why Project Owners Should Require Contractors to Develop Level 5 Construction Project Schedule if Artificial Intelligence is on Their Road Map

October 28, 2021
On most construction projects, the Integrated Project Execution Schedule will usually be completed at Level 4 while Level 5 is…
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Using the APM Earned Value Management Guidelines to Enable Contractors to Manage, Monitor, Evaluate and Report Project Cost Performance on Lump Sum Contracts from Their Own Perspective as well as From Project Owner Perspective

October 27, 2021
The Association of Project Management (APM) Earned Value Management (EVM) guidelines can be used by Contractors to provide them with…
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Encouraging Project Team Members to Play an Active Role in the Risk Management Process on Capital Construction Projects

October 11, 2021
Regardless of your company role on a capital construction project was the project owner, contractor, consultant, project management consultant, subcontractor,…
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Digital Performance Reporting for Capital Construction Projects

October 6, 2021
Project owners, contractors, consultants, project management consultants, funding agencies, and other entities that are involved in capital construction project delivery…
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Managing, Monitoring and Evaluating Value Engineering Change Proposals (VECPs) on Capital Construction Projects

October 4, 2021
Although the practice that is commonly adopted on capital construction projects is to have value engineering during the design development…
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Documenting Recommendations for Shortlisted Value Engineering Ideas During the Develop Recommendations Phase of Value Engineering Workshops on Capital Construction Projects

October 1, 2021
Similar to any other business process needed in managing the execution of capital construction projects, documenting value engineering workshops not…
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Documenting the Value Engineering Ideas Evaluation During the Creative Phase of Value Engineering Workshops on Capital Construction Projects

September 29, 2021
Similar to any other business process needed in managing the execution of capital construction projects, documenting value engineering workshops not…
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Documenting the Function Analysis Phase of Value Engineering Workshops on Capital Construction Projects

September 27, 2021
Similar to any other business process needed in managing the execution of capital construction projects, documenting value engineering workshops not…
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Using Checklists to Enforce Formal Implementation of Value Engineering Best Practices on Capital Construction Projects

September 24, 2021
With the growing demand to optimize capital project investments and to do more with fewer funds, project owners are now…
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Using the Kanban Technique and Checklists to Transform the Accumulated Knowledge into Accountable Actions on Capital Construction Projects

September 22, 2021
Many organizations that are involved in delivering capital construction projects use predefined checklists to share the massive volume of knowledge…
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Why a PPP Project Company Needs a Project Management Information System for Managing, Monitoring, Evaluating and Performance Reporting of the Contract Management Stage of a PPP Project

September 8, 2021
The delivery of Public-Private=Partnership (PPP) projects involves creating a Project Company which will usually be in the form of a…
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How Can Capital Project Owners Monitor, Evaluate and Report on Accrual Expenses and Revenues on Their Projects?

August 25, 2021
Accruals are a form of accounting practice that can help to provide a more accurate representation of the economic condition…
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