Tag Archives: risk

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

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

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NYC Construction Safety Update > Certified Site Safety

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

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PLG Subcontracting Observation #1 > Cash Flow

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

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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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Project Management and Project Leadership Training

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

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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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Root Causes of Project Failure

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

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Independence and Objectivity Within Project Organizations

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

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Questions to Ask When Interviewing Senior Project Managers / Program Managers

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

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