Visual Workflow Archives - Page 13 of 20

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Eliminate Risks Stemming from Performing Project Management Processes on Capital Construction Projects

When it comes to assessing risks in capital construction projects, one of the first tasks in the project risk management plan is to determine what will be the categories for the risks to be identified. Those would usually include the categories of political, economic, technological, legal, market, supply chain, organizational, Read more…

By PMWeb, 4 yearsDecember 30, 2020 ago

Blog Cost Management Costs Plans Workflow

Why Project Owners Should Disallow Unbalanced Bids on Their Capital Construction Projects

Unbalanced bidding is a serious problem for capital project owners because it may increase the risk of construction cost overrun as well as increase the risk of fraud. An example of unbalanced bids is when a bidder frontloads the bid price whereby overstating the unit price of line items scheduled Read more…

By PMWeb, 4 yearsDecember 25, 2020 ago

Blog Cost Management Costs Plans Workflow

Prevent Material Waste on Construction Sites

One of the major dilemmas that face contractors on construction sites is how to reduce material waste such as steel reinforcement, cement, blocks, premix mortar, ceramic tiles, pipes and wires, and wood panels damaged or unused for various reasons during construction. It is estimated that this can be as high Read more…

By PMWeb, 4 yearsDecember 21, 2020 ago

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