Stanford University has selected PMWeb for its capital works Project Management Software, joining Harvard University, Johns Hopkins University, Washington University, Carnegie Mellon University, American University, UC Davis, Tufts University, Boston College and the University of Washington St Louis – all users of PMWeb Portfolio, Program and Project Management Software.
DID YOU KNOW? Stanford alumni and faculty founded Google, Hewlett-Packard, Nike, Instagram, Snapchat, LinkedIn, and Yahoo!, and companies founded by Stanford alumni generate more than $2.7 trillion in annual revenue, equivalent to the 10th-largest economy in the world.
Alaska Airlines has been ranked by J. D. Power and Associates as having the highest customer satisfaction of the traditional airlines for nine consecutive years. The airline has now selected PMWeb for its capital works Project Management Software.
PMWeb provides powerful tools for managing contractor progress claims and facilitating compliance with security of payment law as it has been implemented in the various States in Australia. PMWeb’s record, workflow and notifications features operate in concert to streamline claims processing.
The High Court of Australia – the supreme court in the Australian court hierarchy and the final court of appeal in Australia – made its first decision in this last week relating to security of payment law – in this case in relation to the Building and Construction Industry Security of Payment Act 1999 (NSW).
The High Court’s judgment in Southern Han Breakfast Point Pty Ltd (In Liquidation) v Lewence Construction Pty Ltd  HCA 52 affirms that there must be a ‘reference date’ for the claim to be valid. The reference date is the date on which a claim for a progress payment may be made, as stated in the contract; or the last day of the month if the contract does not specify such a date.
The High Court held that the existence of a reference date under a construction contract is a precondition of making a valid payment claim. Therefore, a payment claim that is not in respect of a reference date will not be treated as a payment claim under the Act. In practical terms this means that a payment claim must be made on the basis of a reference date to be valid under the Act. The absence of a reference date for the claim will provide solid ground to argue the claim is invalid.
PMWeb configuration should include a field to capture the reference date; and the Payment Claim produced by PMWeb should always state the reference date. Workflow configurations can also include validation checks to ensure compliance.
More information on the High Court decision
The US government’s Program Management Improvement and Accountability Act (PMIAA) is now law. President Obama signed this Act following unanimous approval by the US Senate.
The PMIAA is expected to have a significant impact on Program Management and Project Management – not only in the USA, where the Federal Government spends more than $2.7 Trillion (USD) per year, but around the world, as the Act’s increased standards and resulting compliance requirements flow through all industries to impact organisations that utilise Program Managers and Project Managers.
The demand for effective Program and Project governance, increased controls and transparent access to information by stakeholders will increase the demand for tools that can support these needs throughout the project lifecycle. Solutions that can provide answers in real-world terms, such as PMWeb’s leading features for managing capital works projects, will provide Program Managers and Project Managers with the information necessary for effective decision-making.
Project Owners already have increased requirements for access to information in real time. Some will provide their own system and require that their consultants and contractors use that system – bringing all participants into a common database that the Owner controls long-term. Others will require their consultants – and the Project Manager in particular – to deliver the controls and reporting to new levels.
Project Management companies servicing capital works projects for their Clients in any industry will establish leadership and competitive advantage through the control and reporting systems they bring to the engagement.
PMWeb Australia & New Zealand was a Conference Supporter for the Australian Institute of Project Management’s Inaugural Regional Conference 2016 held at the Sydney Hilton from October 16-19. The conference was opened by the AIPM’s Patron and the Governor of New South Wales, His Excellency General The Honourable David Hurley AC DSC (Ret’d). Keynote speakers included Kitty Chiller, 2016 Australian Olympic Commission Chef de Mission:
PMWeb also supplied a highly sought-after prize for the AIPM’s conference app leaderboard competition, a half-ounce gold bar! The prize was won by Stuart Elkins of Ergon Energy in Queensland.
View conference wrap at AIPM