Why Have a Real-Time Cost Ledger for Capital Construction Projects
By definition, a cost ledger is one of the books of account in a cost system to which entries are...
Read More
Can Individuals be Accused of Fraud for Deceitful and/or Unauthorized Review and Approval Actions on Capital Construction Projects?
By definition, fraud is the crime of deceiving someone in order to secure unfair or unlawful gain or something else...
Read More
Digital Transformation to Enable Proactive Project Risk Management and Reporting
Uncertainties are inherited in every project delivery and in particular capital construction projects. By nature, projects are all about committing...
Read More
Managing, Monitoring, Evaluating and Reporting Performance of Provisional Sums on Capital Construction Projects’ Contracts
It is very common for many capital project owners to include provisional sums in their contract agreements. Provisional sums are...
Read More
How Can Project Owners Accurately Estimate, Monitor, Evaluate and Report Their Organization’s Allocated Costs to the Project Capital Construction Projects Delivery?
Project owners who are actively involved in delivering their capital construction projects portfolio understand that their own organization costs allocated...
Read More
Why Contractors Should Give Great Care in Estimating, Monitoring, Evaluating, and Reporting Preliminaries on Capital Construction Projects
One of the common line items of every single capital construction project’s bill of quantity or schedule of values is...
Read More
How Can a Project Management Information System Support the Building of the Perfect Project Control Organization for Capital Construction Projects?
The paper titled “Skills and Knowledge Requirement for Project Control Professionals” by Allan Crow, Vincent Sovis and Harish Chopra provides...
Read More
Evaluating and Shortlisting Capital Investment Opportunities Using Profit Investment Ratio (PIR) and Risk Exposure Measures
When it comes to evaluating and shortlisting capital investment opportunities, an organization needs to consider selecting and investing in them...
Read More
Adopting a Paperless Strategy for Document Attachments on Everyday Communication Records on Capital Construction Projects
One of the common requirements on all capital construction projects is that most project related communications, require attaching different types...
Read More
Can the Tedious Accruals Estimate Requirement be Eliminated by Implementing a Project Management Information System?
One of the major challenges that face organizations that are involved in capital construction projects delivery is determining the actual...
Read More
Visualizing, Analyzing, and Investigating Building Information Modeling (BIM) Enabled Connected Cost
Having a single version of the true financial performance reporting is one of the important if not the most important...
Read More
Visualizing, Analyzing and Investigating Building Information Modeling (BIM) Enabled Cost Estimates
The growing adoption of Building Information Modeling (BIM) has helped users take advantage of the different data types captured in...
Read More
Why Public Sector and Publicly Listed Entities Need to Implement Proactive Internal Audit for Their Capital Construction Projects
Many project owners and in particular those from the public sector or publicly listed companies have the requirement to conduct...
Read More
Why Most Updated Schedules for Capital Construction Projects Might Not Be That Perfect
One of the great challenges on capital construction projects is how frequently the project schedule needs to be updated. The...
Read More
Cost Breakdown Structure (CBS) for Capital Construction Project Revenues
For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus...
Read More
Work and Cost Breakdown Structures Based Monitoring, Evaluating and Reporting of Cost Performance on Capital Construction Projects
Project owners involved in delivering capital construction projects always have the requirement to monitor, evaluate and report project cost performance...
Read More
Monitoring, Evaluating and Reporting Strategy Performance Outcomes in Project Centric Organizations
One of the key challenges that face project-centric or project-driven organizations and in particular those in the public sector is...
Read More
The Threats of Bad Data and Opportunities of Good Data When Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects
A study shows that in 2020, bad data may have caused $1.8 trillion in losses worldwide and may be responsible...
Read More
Monitoring, Evaluating and Reporting Real Estate Investments’ Key Performance Indicators
For real estate developers and investors, the performance of their real estate investments is not limited to the stages of...
Read More
The Digitization of Cost Management on Capital Construction Projects
Regardless of a capital construction project type, size, complexity, delivery method, location or managed by who, managing, monitoring, evaluating, and...
Read More
