Setting the Project Control System (PCS) Schedule and Resource Management Module: Updated Schedules
September 23, 2022
Function 2: Schedule Update Although the Activity Boards has the details of the actual progress achieved on the project, nevertheless…
Setting the Project Control System (PCS) Schedule and Resource Management Module: Two-Week Look Ahead Planning
September 21, 2022
The approved baseline schedule becomes the basis for the short-term planning that is used to execute the project. On a…
Digitalizing the Issued for Construction (IFC) Contract Documents as per the FIDIC Contract Agreement for Capital Construction Projects
August 26, 2022
The Issued for Construction (IFC) drawings are sets of detailed design drawings prepared by the Design Consultant and are an…
Why Have a Real-Time Cost Ledger for Capital Construction Projects
August 24, 2022
By definition, a cost ledger is one of the books of account in a cost system to which entries are…
How Can a Project Management Information System Support the Building of the Perfect Project Control Organization for Capital Construction Projects?
August 10, 2022
The paper titled “Skills and Knowledge Requirement for Project Control Professionals” by Allan Crow, Vincent Sovis and Harish Chopra provides…
Evaluating and Shortlisting Capital Investment Opportunities Using Profit Investment Ratio (PIR) and Risk Exposure Measures
August 8, 2022
When it comes to evaluating and shortlisting capital investment opportunities, an organization needs to consider selecting and investing in them…
Why Real Estate Developers and Investors Should Have a Comprehensive Cost Breakdown Structure (CBS) that Maps the Complete Project Life Cycle Costs and Revenues for Their Real Estate Investment Projects
August 3, 2022
For real estate developers and investors including special purpose vehicles (SPV) created for Public-Private-Partnership (PPP) projects, the cost of delivering…
Can the Tedious Accruals Estimate Requirement be Eliminated by Implementing a Project Management Information System?
August 1, 2022
One of the major challenges that face organizations that are involved in capital construction projects delivery is determining the actual…
Visualizing, Analyzing, and Investigating Building Information Modeling (BIM) Enabled Connected Cost
July 29, 2022
Having a single version of the true financial performance reporting is one of the important if not the most important…
Visualizing, Analyzing and Investigating Building Information Modeling (BIM) Enabled Cost Estimates
July 27, 2022
The growing adoption of Building Information Modeling (BIM) has helped users take advantage of the different data types captured in…
Why Public Sector and Publicly Listed Entities Need to Implement Proactive Internal Audit for Their Capital Construction Projects
July 25, 2022
Many project owners and in particular those from the public sector or publicly listed companies have the requirement to conduct…
Why Most Updated Schedules for Capital Construction Projects Might Not Be That Perfect
July 22, 2022
One of the great challenges on capital construction projects is how frequently the project schedule needs to be updated. The…