Why GREEN Category Should be One of The Vendor Pre-Qualification Categories if Capital Construction Project Owners Are Serious About Achieving the Net Zero Carbon Construction Objective
With the growing demand to decarbonize the construction industry, capital project owners should reward contractors and other vendors who are…
Using Earned Value Management (EVM) for Reporting the Performance of Engineering Deliverables on Engineering-Procurement-Construction (EPC) Projects
The engineering stage of an Engineering-Procurement-Construction (EPC) project is of critical importance for all entities involved in delivering the project.…
How Can Capital Project Owners Monitor, Evaluate and Report on Accrual Expenses and Revenues on Their Projects?
Accruals are a form of accounting practice that can help to provide a more accurate representation of the economic condition…
Why Having Access to Trustworthy Data is a Must Requirement to Enable Artificial Intelligence on Capital Construction Projects
Intelligence, whether artificial or not, depends on the extent of relevant wisdom available to propose actions or predict future outcomes.…
Why Having Standardized Work, Organization and Cost Breakdown Structures are a Must for Enabling Artificial Intelligence on Capital Construction Projects
Cost breakdown structure (CBS) or control accounts (CA) are critical for establishing the lowest level of detail for which a…
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
Capital construction projects are generally high-risk investments given the significant amounts of cash, complexity, stakeholders with conflicting interests, rules, and…
Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 4: Earned Income, Earned Value and Actual Cost
As the construction contract commences, there will be three important processes that the JV Contractor needs to manage to be…
Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 2: Managing Project Documents
Regardless of the document management system (DMS) that the project owner might require the JV Contractor to use on the…
Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 1: Achieving the 100% Buyout
It is a very common practice among construction contractors to joint venture when it comes to delivering mega-sized projects. Further,…
Improving the Analysis of Workflow Review and Approval Tasks for Documents and Business Processes on Capital Construction Projects
On capital construction projects, one of the key requirements of effective collaboration is to ensure that the documents and business…
Could the Planning Engineer Role Become Indispensable on Capital Construction Projects?
One of the key challenges that face those involved in delivering capital construction projects is how to increase the value…
How Can Project Owners Maintain a Meaningful Database of All Individuals Who Are or Were Involved in Delivering their Capital Construction Projects?
One of the requirements for project owners on capital construction projects is to approve all individuals who might be involved…
