With new project awards declining, projects seeing lower profit margins, increased liquidated damage claims for late completion, and other recent developments, owners and contractors are becoming more contentious and adversarial, which is leading to a growing volume of claims and disputes. read more
The objective of procurement management is to transfer the risks associated with the part of a project’s scope of work that is performed by outside organisations, known as contractors, vendors, or suppliers. This is the latest in a series of articles about managing projects through their full project life-cycle and focuses on Procurement.
Each project an organisation takes on represents a major investment that is ultimately designed to bring in a profit. Therefore, it’s vital that the Enterprise Project Management Office (EPMO) delivers the project on budget and without cost overrun, or the anticipated ROI can be drastically reduced. To this end, the Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBoK) provides a comprehensive approach for managing project cost. Read more.
PMWeb has now published the fourth article in its series on web-based project management solutions. It’s crucial that the Enterprise Project Management Office (EPMO) complies with the industry’s recognised best practices and standards. Read more
PMWeb has now published the third article in its series on web-based project management solutions. The Stage Gate Review Process is a formal project life phase-driven go/no-go decision point where selected project deliverables for each stage are reviewed to ensure the organization’s requirements are met. Read more
PMWeb’s second article (see PMWeb and the PMO below) has now been published – “Managing Project Demand with a Web-based PMIS“. This article explores the use of PMWeb in capturing and analysing the various project ideas, opportunities and needs that have the potential to become approved as new projects. Read more.