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079-Building-the-Cost-Database_Page_4_Image_0001

Building the Capital Project Owners’ Cost Database to Ensure Sound Cost Estimates

March 22, 2023
Having a reliable, accurate and current cost database is a must requirement for having an accurate project cost estimate which…
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078-Managing-New-Project-Requests_Page_4_Image_0001

Managing, Monitoring and Tracking New Requests for Capital Projects

March 20, 2023
For project-centric organizations, there is always an ongoing demand for new project ideas, known as initiatives, to achieve the organization’s…
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717-Cost-Estimate_Page_5_Image_0002

Setting the Project Control System (PCS) Cost Management Module: Definite Cost Estimate

October 3, 2022
The third Project Control System (PCS) module needed for construction projects is the cost management module. In doing so, it…
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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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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…
Read more
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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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…
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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…
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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…
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574-Converting-Estimate-to-Budget_Page_8_Image_0001

How to Convert a Capital Construction Project Cost Estimate into a Budget that can be Monitored, Evaluated, and Reported at the Required CBS Levels

June 29, 2022
One of the top great challenges that face project owners as well as contractors is how to convert their approved…
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537-ML-to-Detect-Fraud-Transactions_Page_2_Image_0001

Can Machines be Trained to Learn How to Detect Fraud Transactions on Capital Construction Projects?

April 4, 2022
The tendency to commit fraud is very much part of every business and capital construction projects are no different. Actually,…
Read more
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