Cost Management Articles

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How Cost-Loaded Schedules and Project Management Information System (PMIS) Provide A Real-Time Single-Version-of-the-Truth Earned Value Management Report

PMWeb

The use of what is known as the cost-loaded schedule within construction project management software to establish the value of...

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Navigating Change: Minimizing Impact on Projects During PMIS Adoption

PMWeb

One of the key requirements when it comes to delivering capital construction projects is how to have a trust-worthy, auditable,...

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Real-Time Single Version of the Truth Awarded Contracts Financial Performance and Status

PMWeb

To conclude the benefits that digital transformation could bring to an organization and before they commence their journey for the...

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Cost Performance of FFE Procurement Contracts

PMWeb

The procurement of FF&E (furniture, fixtures & equipment) has a major role in the success or failure of an interior...

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Getting Paid for Deliverables

PMWeb

Regardless of your project type or size, each project creates deliverables, which are simply the results of the project or...

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Enforcing a Transparent Process for Keeping Track of Allocated Short-Term Funds for On-Going Capital Construction Projects that Need to be Slowed-Down

Tony

One of the key challenges facing Municipalities, Public Works Departments, and other public sector entities that are involved in delivering...

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How Can Capital Construction Project Owners Launch A No-Nonsense Integrated Cost Management Solution in One Day?

PMWeb

If you are a project owner who invests in capital construction projects, you fully understand that having a real-time single...

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

PMWeb

For engineering and design consultants, using traditional cost estimating tools that are usually configured for estimating the cost of a...

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Can Forensic Audits Help Recovering Funds Associated with Fraudulent Activities on Capital Construction Projects?

PMWeb

Financial losses during the implementation of capital construction projects arising from fraudulent activities can reach up to 45% of the...

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Using Earned Value Management (EVM) Measures to Monitor, Evaluate and Report the Zero-Budget Variance Goal for Public Sector Capital Projects Delivery

PMWeb

Municipalities, public works departments, utilities, and other public sector entities across the globe are planning to release many capital projects...

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Using Earned Value Method to Objectively Monitor, Evaluate, Report and Forecast the Performance of Investment Revenue Earnings

PMWeb

The capital investment revenue projects are the projects managed by the sales team to generate the anticipated revenue of the...

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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?

PMWeb

It is critical for entities who have selected to invest in capital projects, especially after the COVID-19 pandemic, to understand...

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Using Earned Value Management to Monitor, Evaluate, and Report Resources Efficiency Involved in Delivering Capital Projects

Tony

For engineering consultants, general contractors, EPC contractors, design-build contractors, subcontractors, and other entities whose project profitability depends on the efficiency...

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The Great Value of Cost Worksheets in Analyzing, Monitoring, Evaluating, and Reporting a Single Version of Your Capital Projects’ Portfolio Cost Performance

Tony

For organizations who are involved in the delivery of capital projects, regardless of whether they were the project owner, contractor,...

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How to Curb the Threat of Scope Creep to a Capital Project Budget?

PMWeb

One of the main objectives for capital project investments is to adhere to the approved project budget which was part...

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What Cost Curves Capital Projects Owners Must Have to Monitor, Evaluate and Report a Real-Time Single Version of the Truth of Their Projects’ Performance and Status?

PMWeb

For capital projects’ owners, having cost curves to monitor, evaluate and report the performance and status of those projects’ financial...

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Monitoring and Tracking Site Work Instructions on Construction Projects

Tony

Site Work Instructions (SWI) are written technical instructions issued to the contractor by the engineering consultant to execute a particular...

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Capital Project Owners’ Nightmare of Cost Overrun and Overestimated Benefits

Tony

Owners of capital construction projects always have the nightmare of cost overrun and overestimated benefits. Those two performance measures have...

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Capturing Supervision Consultant Overtime Charges for Supervising Contractor’s Activities in Construction Projects

Tony

One of the common items in interim payment applications for construction contracts is the deductions for the engineering consultant team...

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Using the Material Inspection Request (MIR) Process to Get Paid for Stored and Delivered Materials on Construction Sites

Tony

One of the elements of an interim payment on construction projects is the payment for the contractor’s procured material delivered,...