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 to delivering capital construction projects. Entities are always keen to know whether their projects’ cost at completion will exceed what they have budgeted for as well as whether their projects’ Read more…

How to Have a Single Version of the Truth Cost Performance Status Report When Managing the Contractor’s Contract Price on Capital Construction Projects

The fourth and last article that relates to “How to Enforce the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects?”, will address how to how a single version of the truth cost performance status report of the contract agreement between the Project Read more…

Earned Value Management (EVM) to Report Performance When the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects is Adopted

PMWeb Project Management Information System (PMIS) requisition module will be used to capture the details of all interim payment certificates issued by the contractor and approved by the project owner. This value is also known as the Earned Value (EV) which will be used in Earned Value Method (EVM) reporting. Read more…