Why are contracts between buyer and contractor so important?
Contracts secure the outcome while reducing risk exposure! The unavoidable dynamics of a project and associated risks. Every project disregarding [...]
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Blog
This is where you can find the latest news and contributions by our experts.
How to implement earned value management
The step towards productivityEarned value management is not an earning for effort expended. It is an earning for results gained. [...]
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Introduction to earned value (EV) in project cost management
Earned value management is a measurement of results against efforts.Earned value is useless if not bound to a daily production [...]
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Project scope and what the client really needs
What is the project scope?Scope is the work required - and only the work required - to complete the project [...]
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Constraints are the basic schedule
It is imperative to be clear on the agreed-upon schedule and constraints.One master schedule to reign them all, an agreement [...]
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Analogous Estimating
The Analogous Estimating Method uses attributes and values from previous projects that are similar to the current project. In its [...]
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Rough Order Magnitude (ROM)
The so called "Rough Order Magnitude Estimate or ROM" is a short form of analogous estimating and is used during [...]
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Four elements of project cost management
In my previous post Project finances and decision making I elaborated why effective decisions making is essential for a successful [...]
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Project finances and decision making
It’s all about money, managing industrial projects requires more money than it did in the past. Many of the industrial [...]
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