Tag Archives: risk

PLG ESTIMATING & PURCHASING > Buyouts on Large Vendor Contracts > 1

on June 17, 2012 by admin in Bidding, Construction Economics, Contracts, Engineering, Equipment, Estimating, General Construction, Infrastructure, Project Management, Purchasing, Specifications Leave a comment

Construction estimating and purchasing executives are aware of the various issues involved with negotiating large equipment purchases. On fixed price contracts, the ability to negotiate purchases on major equipment contracts affects profitability, schedule, project risk and overall project success. The … Continue reading →

Tagged with Ability, acceptance, acceptance criteria, Buyouts, equipment, equipment contracts, equipment purchases, extent, focus, impact costs, initial purchase, installation, Key, mfg reps, negotiating contracts, price contracts, project risk, project success, purchase, risk, Supervision, time, time installation, vendor contracts |

NYC Construction Safety Update > Certified Site Safety

on March 28, 2012 by admin in Construction Management, Project Management, Project Risk Management Leave a comment

The issue of standpipe provision and maintenance on construction projects is a serious one, and one which has generated much interest during recent years by the NYC Department of Buildings, NYC FDNY and the construction industry. Continue reading →

Tagged with Auto, BEST, Building, Certified, Construction, construction safety, demolition contractors, Department, department of buildings nyc, Draft, February, Filing, industry, industry construction, inspection, Law, management, nbsp nbsp nbsp nbsp nbsp, notification procedures, NYC, nyc department of buildings, permit, risk, risk management consultant, Safety, safety compliance, Site, standpipe, standpipes, system drawings, Testing, Update, work restrictions |

PLG Subcontracting Observation #1 > Cash Flow

on February 19, 2012 by admin in Construction Management, Cost Control Leave a comment

One of the biggest challenges for subcontractors is CASH FLOW management. You can make an accounting profit and still get wiped out. This can happen in any economic climate, but is a particularly acute problem in a down market when … Continue reading →

Tagged with accounting, acute problem, arm, Auto, capacity, CASH, cash flow management, cash receipts, construction supply chain, contracting, Draft, economic climate, Financing, flow, general contractors, money, risk, rungs, Subcontracting, subcontractors, Supply, tight market |

LDs vs. Incentives on Projects

on September 3, 2010 by admin in Construction Economics, Construction Management, Program Management, Project Management, Strategic Management 1 Comment

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 →

Tagged with adversarial relationship, analysis, Auto, Bidders, burden of proof, complex project, Draft, economic interests, economic viewpoint, experience, focus, government institutions, incentive, Incentives, informal surveys, LDs, NOT, position, poten, purpose, rationale, rigor, risk, value |

Project Management and Project Leadership Training

on August 8, 2010 by admin in Program Management, Project Leadership, Project Management, Training Leave a comment

There are so many courses and programs today on the subject of project management and project leadership. How does an organization choose from the dizzying array? I have some thoughts which I hope can clarify the decision-making process. While many … Continue reading →

Tagged with Auto, competitive market, corporate executives, dialogue, Draft, insight, leadership training, management, organization, project leaders, Project Leadership, project management training, project managers, proposition, risk, Risk Management, Scheduling, subject, superlative value, today, value proposition, way |

Questions for Commercial Real Estate Investors

on June 23, 2010 by admin in Construction Economics, Real Estate, Strategic Management Leave a comment

Real estate investors face lucrative opportunities amidst the turmoil that is the wake of the real estate meltdown. While there is no doubt that opportunities do exist, it is clear that for many, these are unchartered waters. Many in the … Continue reading →

Tagged with amidst, analysis, arena, Auto, cash flow analysis, Commercial, commercial real estate, commercial real estate investors, construction economics, Draft, efficiency upgrades, equity, estate, estate arena, free cash flow, free cash flow analysis, investors real estate, land, payback periods, Real, real estate investors, revenue enhancement, risk, turmoil, valuation, value, wake |

Manage Large Project Teams Like Small Project Teams

on June 20, 2010 by admin in Human Resources, Program Management, Project Consulting, Project Governance & Reporting, Project Leadership, Project Management, Strategic Management Leave a comment

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 →

Tagged with activities focus, Auto, blossom, boundaries, concurrent engineering, creativity, Draft, Engineering, engineering projects, everything, evolution, focus, informal communication, interdependencies, iterate, iteration, Manage, risk, Simplify, work |

Root Causes of Project Failure

on June 13, 2010 by admin in Program Management, Project Governance & Reporting, Project Management Leave a comment

Projects fail because of issues related to poor management. Project failures are invariably the result of one or more of the following factors: • An ill-defined business case. • Poor planning. • Poor estimation. • Absence of leadership. • Mismanaged … Continue reading →

Tagged with business, communication processes, discipline, estimation, Excessive, Flawed, inadequacies, lack of trust, level, management discipline, management structures, Mismanaged, poor management, Project Failure, project failures, project stakeholders, result, risk, root causes, transparency |

Independence and Objectivity Within Project Organizations

on June 12, 2010 by admin in Program Management, Project Management Leave a comment

One of the key indicators of the project management maturity of an organization is the level of independence and objectivity that its project and program managers display in reporting and assessments. Executives in well run firms recognize that lack of … Continue reading →

Tagged with behavior, corporate leaders, corrosive environment, CXO, factual manner, flow, Independence, kind, level, maturity, Objectivity, organization, Organizations, pmo, program managers, project management maturity, project management teams, risk, risk assessment, transparency, troubled organization |

Questions to Ask When Interviewing Senior Project Managers / Program Managers

on June 12, 2010 by admin in Human Resources, Program Management, Project Management Leave a comment

PROJECT MANAGEMENT 1. Specifically, what do you believe are the most critical responsibilities of a Project Manager? 2. What tools have you used to manage people, processes and projects? 3. Can you provide examples of when and how you used … Continue reading →

Tagged with alignment, analysis, Change, client, client relationships, critical responsibilities, development, Hiring, Leadership, manager, Managers, managers program, mitigation, motivational techniques, non monetary rewards, organizational goals, organizational learning, position, program managers, Project, risk, risk analysis, significant achievements |