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Workflow Articles

591-Profit-Investment-Ratio_Page_1_Image_0001

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…
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589-LLC-CBS_Page_1_Image_0001

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…
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588-Overcoming-Accruals_Page_1_Image_0001

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…
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587-BIM-Connected-Cost_Page_1_Image_0001

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…
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586-BIM-Cost-Estimate_Page_1_Image_0001

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…
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585-Internal-Audit-Scoring-and-Reporting_Page_1_Image_0001

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…
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584-Updated-Schedules_Page_1_Image_0001

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…
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583-Revenue-Breakdown-Structure_Page_2_Image_0001

Cost Breakdown Structure (CBS) for Capital Construction Project Revenues 

July 20, 2022
For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus…
Read more
582-FIDIC-Monthly-Progress-Report_Page_1_Image_0001

Contractual Obligations and Implications Under the FIDIC Contract Form of Agreement for Sub-Clause 4.21 Monthly Progress Report on Capital Construction Projects

July 18, 2022
FIDIC sub-clause 4.21 requires the contractor to prepare monthly progress reports, the first of which shall cover the period up…
Read more
581-Deep-Cost-Control_Page_2_Image_0001-1

Work and Cost Breakdown Structures Based Monitoring, Evaluating and Reporting of Cost Performance on Capital Construction Projects

July 15, 2022
Project owners involved in delivering capital construction projects always have the requirement to monitor, evaluate and report project cost performance…
Read more
580-Strategy-Execution-Performance-Reporting_Page_6_Image_0002

Monitoring, Evaluating and Reporting Strategy Performance Outcomes in Project Centric Organizations

July 13, 2022
One of the key challenges that face project-centric or project-driven organizations and in particular those in the public sector is…
Read more
579-Threasts-of-Bad-Data_Page_8_Image_0002

The Threats of Bad Data and Opportunities of Good Data When Managing, Monitoring, Evaluating and Reporting Performance of Capital Construction Projects

July 11, 2022
A study shows that in 2020, bad data may have caused $1.8 trillion in losses worldwide and may be responsible…
Read more
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