For capital project owners, outsourcing the project’s scope of work to qualified engineering consultants and contractors is one of the common practices in this industry. Ensuring that there is a formal process for prequalifying engineering consultants and contractors before they are invited to bid is crucial to reduce the risk Read more…
The delivery of capital construction projects usually involves a large number of individuals who will be assigned duties and responsibilities considering the specific goals and objectives assigned to the project team which is part of the project’s overall goals and objectives. A project team could consist of full-time and part-time Read more…
When it comes to delivering capital construction projects, the use of earned value management (EVM) measures and metrics are very common to report the project’s cost performance. Those measures will mainly include the cost variance (CV), cost performance index (CPI), and variance at completion (VAC) which is the difference between Read more…
