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Project Control System (PCS) on Building Information Modeling (BIM) Enabled Projects
For projects where Building Information Modeling (BIM) is used by the contractor for developing the shop drawings (LOD 400) based…
Why Have a Real-Time Cost Ledger for Capital Construction Projects
By definition, a cost ledger is one of the books of account in a cost system to which entries are…
How Can Project Owners Accurately Estimate, Monitor, Evaluate and Report Their Organization’s Allocated Costs to the Project Capital Construction Projects Delivery?
Project owners who are actively involved in delivering their capital construction projects portfolio understand that their own organization costs allocated…
Can the Tedious Accruals Estimate Requirement be Eliminated by Implementing a Project Management Information System?
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
Having a single version of the true financial performance reporting is one of the important if not the most important…
Cost Breakdown Structure (CBS) for Capital Construction Project Revenues
For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus…
Work and Cost Breakdown Structures Based Monitoring, Evaluating and Reporting of Cost Performance on Capital Construction Projects
Project owners involved in delivering capital construction projects always have the requirement to monitor, evaluate and report project cost performance…
The Digitization of Cost Management on Capital Construction Projects
Regardless of a capital construction project type, size, complexity, delivery method, location or managed by who, managing, monitoring, evaluating, and…
Why Integrating ERP and Project Management Information System (PMIS) is the Only Option for Capturing, Tracking, Monitoring, Evaluating, and Reporting of Every Aspect That Could Have an Impact on the Overall Cost of Capital Construction Projects
All organizations, whether they were project owners or contractors, have been using ERP, financial and other types of accounting systems…
How to Convert a Capital Construction Project Cost Estimate into a Budget that can be Monitored, Evaluated, and Reported at the Required CBS Levels
One of the top great challenges that face project owners as well as contractors is how to convert their approved…
Having a Report Worth Thousands of Words for Communicating Schedule and Cost Performance Status of Capital Construction Projects
For many capital construction projects’ stakeholders and in particular executive stakeholders, they always need to know whether a project is…
Managing, Monitoring, Evaluating, and Reporting on the Funding Limit Reconciliation for Capital Construction Projects
Funding Limit Reconciliation for capital construction projects is the process of comparing the planned expenditure of project funds against any…
