Using Technology to Improve the Cost Estimating, Revenue Capturing and Actual Cost Incurred of Engineering and Design Deliverables on Capital Projects
For engineering and design consultants, using traditional cost estimating tools that are usually configured for estimating the cost of a…
The Single Version of Truth for Capital Construction Projects’ Commercial Performance for Real Estate Developers
For real estate developers, private equities and other entities who invest in capital construction projects always need to have a…
Can Forensic Audits Help Recovering Funds Associated with Fraudulent Activities on Capital Construction Projects?
Financial losses during the implementation of capital construction projects arising from fraudulent activities can reach up to 45% of the…
Enabling Real-Time Correlation Between Daily Project Events and Actual Productivity Rates of Work Trades on Construction Projects
One of the key challenges that face entities that are involved in delivering construction projects is how to have a…
Using Technology to Protect Project Owners from the Consequences of the Poorly Written or Managed Construction Project Specifications
Specifications are one of the basic components that make up the contract agreement between the Project Owner and the Contractor.…
Using Project Management Information Systems to Improve the Management of Capital Projects Adopting Offsite Manufacturing
The COVID-19 pandemic has increased the interest in adopting offsite manufacturing on capital projects, sometimes called Design for Manufacture and…
Using Earned Value Management (EVM) Measures to Monitor, Evaluate and Report the Zero-Budget Variance Goal for Public Sector Capital Projects Delivery
Municipalities, public works departments, utilities, and other public sector entities across the globe are planning to release many capital projects…
Enforcing Effective Monitoring and Tracking for the Fulfillment of Obligations of Contract Agreements’ on Capital Projects Delivery
One of the key characteristics of capital projects delivery, is that outsourcing parts of or the complete project’s scope of…
Why Technology Should be a Core Requirement on Your Construction Projects?
In a recent interview with one of the very successful business leaders in our region, it was mentioned that the…
How Can Investors in Capital Projects have a Real-Time Single Version of the Truth Solution to Monitor, Evaluate and Report the Financial Performance of their Investments Portfolio?
It is critical for entities who have selected to invest in capital projects, especially after the COVID-19 pandemic, to understand…
Using Cost Estimate Checklists to Ensure the Quality of the Estimated Capital Project Cost During the Engineering Design Phases
The Project Management Institute (PMI) Project Management Body of Knowledge (PMBOK®) defines cost estimate as the process of developing an…
Using Project Management Information System (PMIS) for a Real-Time Single Version of the Truth Cost Value Reconciliation (CVR) Report
Cost Value Reconciliations (CVR) are carried out in order to monitor, evaluate and report expenditures against budgets to ensure that…
