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

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

The tendency to commit fraud is very much part of every business and capital construction projects are no different. Actually,...
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Can Having Well-Thought-Of Output Forms for Formally Communicated Transactions Help in Preventing Fraud on Capital Construction Projects?

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...
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Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects

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...
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Why Artificial Intelligence (AI) can Become Meaningless if Risks and Change Management Are Not Closely Integrated on Capital Construction Projects

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...
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Using Technology to Enable a 360-Solution to Manage, Monitor, Evaluate and Report the Performance of Retail Brands Expansion and Remodeling Programs and Projects – Step 4: Enforce Proactive Risk Management and Effective Issues Resolution

Using Technology to Enable a 360-Solution to Manage, Monitor, Evaluate and Report the Performance of Retail Brands Expansion and Remodeling Programs and Projects – Step 4: Enforce Proactive Risk Management and Effective Issues Resolution

Retail brand's expansion and remodeling projects are no different than other types of projects in terms that they are based...
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Encouraging Project Team Members to Play an Active Role in the Risk Management Process on Capital Construction Projects

Encouraging Project Team Members to Play an Active Role in the Risk Management Process on Capital Construction Projects

Regardless of your company role on a capital construction project was the project owner, contractor, consultant, project management consultant, subcontractor,...
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Why Risk-Simulated Integrated Resource-Loaded Project Schedule and Raw Daily Progress Data are a Must Requirement for Any Artificial Intelligence (AI) Platform for Capital Construction Projects

Why Risk-Simulated Integrated Resource-Loaded Project Schedule and Raw Daily Progress Data are a Must Requirement for Any Artificial Intelligence (AI) Platform for Capital Construction Projects

Regardless of the Artificial Intelligence (AI) platform used to predict future project outcomes or results based on today’s achievements and...
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How Contractors Reduce Disputes when Doing Final Accounts on Capital Construction Projects

How Contractors Reduce Disputes when Doing Final Accounts on Capital Construction Projects

In an article titled “Why do Final Accounts lead to Disputes?” written by Andy Hewitt on Claim Class, November 16,...
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How Can Project Owners Encourage Fraud on Their Capital Construction Projects?

How Can Project Owners Encourage Fraud on Their Capital Construction Projects?

When project owners, both in the public and private sectors, fail to impose the right policies and procedures to deter...
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Why Align Schedule Milestone Dates With the Work Breakdown Structure (WBS)

Why Align Schedule Milestone Dates With the Work Breakdown Structure (WBS)

When it comes to delivering capital construction projects, contractors should decide on the methods and means for developing the integrated...
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Reduce the Threat of Fraud on Capital Construction Projects with Automated Review and Approval Tasks

Reduce the Threat of Fraud on Capital Construction Projects with Automated Review and Approval Tasks

The construction industry is one of the industries that continue to suffer from the high cost of fraud. By definition,...
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Using A PMIS to Capture, Document, Analyze and Review All Delay Events

Using A PMIS to Capture, Document, Analyze and Review All Delay Events

Prolongation and extension of time claims for delay events and disruptions under construction contracts are becoming the growing trend in...
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Using Checklists to Build a Comprehensive Risk Register for Capital Projects

Using Checklists to Build a Comprehensive Risk Register for Capital Projects

Regardless of the role that an organization has in delivering a capital project, one of the proven methods for identifying...
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