Plans

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 construction projects are completed within budget. The Cost Value Reconciliation (CVR) is a measurement of the actual costs incurred on a project for which they are compared against the value Read more…

By PMWeb, ago
PMWeb 7 Commercial Bid Analysis

The Great Benefits of e-Procurement in Engineering and Construction Projects During the COVID-19 Pandemic Era and Beyond

One of the common practices in capital projects is outsourcing part of the project’s scope of work to third-party entities who could be more qualified and efficient in delivering the outsourced scope of work. Actually, outsourcing is one of risk response strategy actions to transfer project risks. Project owners can Read more…

By PMWeb, ago

Using a PMIS to Standardize and Formalize Project Stakeholder Management

According to the Project Management Institute (PMI), the term project stakeholder refers to an individual, group, or organization, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project” (Project Management Institute, 2013).  Project stakeholders are entities that have an interest Read more…

By PMWeb, ago