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How Can Executives Identify Fraud Actions in Payments for Interim Progress Invoices on Capital Construction Projects
One of the key issues associated with the execution of capital construction projects is the delayed payment of interim progress…
How to Have a Reliable and Traceable Estimated Labor Resources Cost at Completion on Capital Construction Projects
For most capital construction projects, the labor planning and efficiency reporting mainly focuses on the planned, earned, actually spent, estimate…
Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?
For most capital project owners in the public and private sector, ensuring that the right policies and procedures are implemented…
Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?
The main objective of using Machine Learning (ML) and Artificial Intelligence (AI) on capital construction projects is to enable stakeholders…
Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects?
The main objective of using Machine Learning (ML) and Artificial Intelligence (AI) on capital construction projects is to enable stakeholders…
What Historical Data is Needed to Train Your Machine to Better Predict Cost Overruns and Schedule Delays on Capital Construction Projects?
The demand of predicting future results based on current performance and actions has been always a requirement when it comes…
How to Capture All Changes and Their Impact When Managing the Contractor’s Contract Price on Capital Construction Projects?
In our last article “How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price…
How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects?
For an EPC contractor, general contractor, subcontractor and other types of vendors who have been awarded lump-sum turnkey (LSTK) contracts,…
Monitoring, Evaluating and Reporting the Value of Capital Construction Projects Using the Earned Value Management (EVM) Method
Monitoring, evaluating, and reporting the performance of schedule, cost and quality will always be a core requirement when it comes…
Avoiding the Misuse of Budget Contingency Reserve on Capital Construction Projects by Enforcing the Best Practices of Transparency and Accountability While Unlocking Trapped Budget Reserve
Every capital construction project has risks that may affect the cost, schedule, or quality of the completed work. The likelihood…
How Can Organizations Take Advantage from Their Past and Current Experience in Managing Change Orders to Build an Unbiased Assessment of Schedule and Cost Impact of Change Order Risks as well as Their Occurrence Likelihood on their Capital Construction Projects’ Portfolio?
Similar to any risk assessment, assessing the exposure of change orders risk on a capital construction project requires assessing the…
Using Checklists to Expedite the Final Account Process on Capital Construction Projects
Final Accounts for capital construction projects are prepared to show the final cost of projects that have been completed by…
