Plans Module Articles

Cost Performance of FFE Procurement Contracts

November 8, 2023

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

Managing, Monitoring, Evaluating, and Reporting the Assets Identification and Assessment Phases for Capital Construction Projects Recapitalization Programs

November 3, 2023

One of the growing requirements for capital construction project owners and investors is how to maintain an efficient and safe...

Getting Paid for Deliverables

November 1, 2023

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

Creating an Auditable and Traceable Recommendation to Award a Construction Contract Agreement

October 11, 2023

The award of the construction contract agreements on capital construction projects represents one of the major milestones of the project...

The Single Version of Truth for Capital Construction Projects’ Commercial Performance for Real Estate Developers

September 25, 2023

For real estate developers, private equities and other entities who invest in capital construction projects always need to have a...

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

September 18, 2023

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

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

September 6, 2023

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

How Can Technology Improve the Monitoring and Reporting of the Delivery, Storage, and Release of Equipment and Materials to Construction Sites?

August 23, 2023

One of the key requirements that need to be managed, monitored, and reported on construction projects is the delivery, storage,...

Using Cost Estimate Checklists to Ensure the Quality of the Estimated Capital Project Cost During the Engineering Design Phases

August 11, 2023

The Project Management Institute (PMI) Project Management Body of Knowledge (PMBOK®) defines cost estimate as the process of developing an...

Using Project Management Information System (PMIS) for a Real-Time Single Version of the Truth Cost Value Reconciliation (CVR) Report

August 7, 2023

Cost Value Reconciliations (CVR) are carried out in order to monitor, evaluate and report expenditures against budgets to ensure that...

How Can Banks and Financial Institutions Use Technology to Address and Manage the Challenges of Managing Construction Projects Credit Risk?

July 17, 2023

Credit risk is the potential risk that a bank borrower will fail to make payments by agreed terms. Credit risk management practice...

Setting Warning Alerts for Project Management Processes’ Performance in Capital Projects

July 10, 2023

One of the key benefits of having a Project Management Information System (PMIS) like PMWeb to manage the different project...

Building the Capital Project Owners’ Cost Database to Ensure Sound Cost Estimates

March 22, 2023

Having a reliable, accurate and current cost database is a must requirement for having an accurate project cost estimate which...

Managing, Monitoring and Tracking New Requests for Capital Projects

March 20, 2023

For project-centric organizations, there is always an ongoing demand for new project ideas, known as initiatives, to achieve the organization’s...

Setting the Project Control System (PCS) Cost Management Module: Definite Cost Estimate

October 3, 2022

The third Project Control System (PCS) module needed for construction projects is the cost management module. In doing so, it...

Evaluating and Shortlisting Capital Investment Opportunities Using Profit Investment Ratio (PIR) and Risk Exposure Measures

August 8, 2022

When it comes to evaluating and shortlisting capital investment opportunities, an organization needs to consider selecting and investing in them...

Why Real Estate Developers and Investors Should Have a Comprehensive Cost Breakdown Structure (CBS) that Maps the Complete Project Life Cycle Costs and Revenues for Their Real Estate Investment Projects

August 3, 2022

For real estate developers and investors including special purpose vehicles (SPV) created for Public-Private-Partnership (PPP) projects, the cost of delivering...

Visualizing, Analyzing, and Investigating Building Information Modeling (BIM) Enabled Connected Cost

July 29, 2022

Having a single version of the true financial performance reporting is one of the important if not the most important...

Visualizing, Analyzing and Investigating Building Information Modeling (BIM) Enabled Cost Estimates

July 27, 2022

The growing adoption of Building Information Modeling (BIM) has helped users take advantage of the different data types captured in...

Cost Breakdown Structure (CBS) for Capital Construction Project Revenues

July 20, 2022

For most of those involved in delivering capital construction projects, the cost breakdown structure (CBS) or cost accounts mainly focus...