Category Archives: Strategic Management

Bidding & Estimating Insights for Heavy Construction Projects > Podcast Series > Part One

This podcast is the first of a PLG series that focuses on bidding and estimating insights for heavy construction projects.  Shyam Bhatia answers our questions regarding the bidding process, the pitfalls of estimating and the rigor involved in estimating large … Continue reading

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Challenge the Status Quo

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

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The “Silo” Effect in Large Project-Based Organizations

Delivering large and complex projects in accordance with contract requirements while meeting client expectations is difficult enough.  There is an added burden within large organizations that have not fully integrated project management into their fabric.  These organizations, particularly government agencies, … Continue reading

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Real Estate Financial Modeling (REFM)

I am pleased to introduce a new member to our Center of Excellence, Real Estate Financial Modeling (REFM) – http://www.realestatefinancialmodeling.com/ REFM is the premier provider of Excel financial spreadsheet models, financial modeling education and financial modeling consulting for real estate transactions … Continue reading

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LDs vs. Incentives on Projects

I have a nagging question which I cannot answer.  Why do some Owners (including Government institutions) insist on including LDs (liquidated damages) in contracts?  Based on my experience and on informal surveys I have taken, LDs, in general, DO NOT … Continue reading

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Ending the Politics Of Infrastructure…by Benjamin Cheatham

The country’s vast network of highways, airports and seaports historically has been a primary source of competitive advantage, but today our vital infrastructure is like a 1976 Chevy—physically and financially outdated. While other countries are exploring new approaches, America’s infrastructure … Continue reading

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Contracts Negotiation

The best lesson I learned about negotiation was a simple one.   Contracts negotiation involves a lot of work.  It is all about the willingness and ability of the team to prepare, document, analyze and demonstrate its case.  It is not glamorous and it … Continue reading

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Manage Large Project Teams Like Small Project Teams

From Michael A. Cusamano’s “How to Make Large Teams Work Like Small Teams” – Simplify the schedule and work out the interdependencies. – Stabilize the design via frequent synchronization. – Use iteration and concurrent engineering.  Projects should iterate and concurrently … Continue reading

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Challenge the Team

One the most important jobs of the project leader is to challenge the team and stretch people out.   Good people have lots of untapped potential.  You can’t find that untapped potential if you keep the team in the sand box.  … Continue reading

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The Nature of Contracts > Lessons Learned at Polytechnic

Project Managers know that a thorough understanding of contracts and agreements is fundamental to project success.  We have heard the axiom that contracts are meant to be broken.  Well, that is a generality and is not always true.  However, we … Continue reading

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