Category Archives: Project Management
CASH FLOW MANAGEMENT – A key Driver of Sub-Contractor Success One of the biggest challenges for contractors is CASH FLOW management. You can make an accounting profit and still get wiped out. This can happen in any economic climate, but … Continue reading
Preparing an effective schedule claim requires diligence, preparation, communication, documentation and pro-active project management. If the contract is not administered properly from the onset of the project, a successful time-impact claim is highly unlikely. Generally, the burden of proof is … Continue reading
Effective communication for project managers comes down to the ability to convey ideas, expressions and viewpoints in a clear and concise manner. Historically, the best communicators are usually those who understand that clarity of thought is important. They also know … Continue reading
There are two concepts which are central to change management and contracts management on projects: Cost Attribution and Cost Segregation. These concepts relate to a systemic thinking of costs and promote a proactive approach to the treatment of costs including … Continue reading
Over the past forty years, the construction industry has witnessed the evolution of the construction management (CM) delivery methodology. Today, when we speak generically about CMs, we usually refer to CM-At Risk, which is different that CM-As Agent. The latter … Continue reading
To the future civil engineers of America! You will rebuild our infrastructure, and rekindle the spirit of building in our national fabric.
Remember that construction scheduling software is a tool and it has a purpose: to provide relevant and timely information about the status of a project, in order to drive decision-making in a dynamic format that can be shared and communicated … Continue reading
Effective project and business leaders challenge existing processes and question the status quo. They recognize the need to rethink assumptions and evaluate issues objectively. Preconceived notions and biases favoring existing thinking limit our critical thinking, and diminish our ability to … Continue reading
Project managers should take a lesson from Lao Tse (Tao Te Ching) when negotiating. That which does not bend shall break. Be flexible and nimble. Expand the zone of negotiation and make the pie bigger for all parties.
Here is a list of common cost control problems found on construction projects: Improper estimates, standards and budgeting techniques. Unrealistic budgets. Activities started or completed out of sequence. Inadequate WBS (Work Breakdown Structure) or insufficient WBS detail. Lack of management … Continue reading