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Can Forensic Audits Help Recovering Funds Associated with Fraudulent Activities on Capital Construction Projects?
Financial losses during the implementation of capital construction projects arising from fraudulent activities can reach up to 45% of the…
Using Earned Value Management (EVM) Measures to Monitor, Evaluate and Report the Zero-Budget Variance Goal for Public Sector Capital Projects Delivery
Municipalities, public works departments, utilities, and other public sector entities across the globe are planning to release many capital projects…
How Can Technology Improve the Monitoring and Reporting of the Delivery, Storage, and Release of Equipment and Materials to Construction Sites?
One of the key requirements that need to be managed, monitored, and reported on construction projects is the delivery, storage,…
Using Cost Estimate Checklists to Ensure the Quality of the Estimated Capital Project Cost During the Engineering Design Phases
The Project Management Institute (PMI) Project Management Body of Knowledge (PMBOK®) defines cost estimate as the process of developing an…
Using Project Management Information System (PMIS) for a Real-Time Single Version of the Truth Cost Value Reconciliation (CVR) Report
Cost Value Reconciliations (CVR) are carried out in order to monitor, evaluate and report expenditures against budgets to ensure that…
How Can Banks and Financial Institutions Use Technology to Address and Manage the Challenges of Managing Construction Projects Credit Risk?
Credit risk is the potential risk that a bank borrower will fail to make payments by agreed terms. Credit risk management practice…
Setting Warning Alerts for Project Management Processes’ Performance in Capital Projects
One of the key benefits of having a Project Management Information System (PMIS) like PMWeb to manage the different project…
Building the Capital Project Owners’ Cost Database to Ensure Sound Cost Estimates
Having a reliable, accurate and current cost database is a must requirement for having an accurate project cost estimate which…
Managing, Monitoring and Tracking New Requests for Capital Projects
For project-centric organizations, there is always an ongoing demand for new project ideas, known as initiatives, to achieve the organization’s…
Setting the Project Control System (PCS) Cost Management Module: Definite Cost Estimate
The third Project Control System (PCS) module needed for construction projects is the cost management module. In doing so, it…
Evaluating and Shortlisting Capital Investment Opportunities Using Profit Investment Ratio (PIR) and Risk Exposure Measures
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
For real estate developers and investors including special purpose vehicles (SPV) created for Public-Private-Partnership (PPP) projects, the cost of delivering…
