Using Technology to Improve the Cost Estimating, Revenue Capturing and Actual Cost Incurred of Engineering and Design Deliverables on Capital Projects

For engineering and design consultants, using traditional cost estimating tools that are usually configured for estimating the cost of a construction project will not be the right solution when it comes to estimating the cost of engineering and design projects. Unlike construction projects where the cost is driven by equipment, Read more…

How Can Investors in Capital Projects have a Real-Time Single Version of the Truth Solution to Monitor, Evaluate and Report the Financial Performance of their Investments Portfolio?

It is critical for entities who have selected to invest in capital projects, especially after the COVID-19 pandemic, to understand the high risks that those investments might encounter as well as the low return of investments they have to survive with. Although it is understood that executing a capital project Read more…

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 management processes is the ability to set alerts when the performance of selected project management differs from the set performance thresholds. Having said so, alerts in capital projects is unlike Read more…