Project performance, at its core, should be a straightforward process: you create, implement, and manage projects that contribute to the performance of your organization and its strategy. Sounds simple, but it is often more difficult in real-life. Add the COVID-19 pandemic to the already complex nature of capital project management, and 2021 is looking like […]
Benefits of Construction Project Portfolio Management
April 13th, 2020
As one of the most capital-intensive industries, the construction sector’s need for establishing effective project management cannot be overstated. According to the 2019 KPMG Global Construction Survey of 223 engineering and construction (E&C) industry experts, innovative leaders (the top 20%) are way ahead in governance and controls. Sixty-nine percent of them have integrated their project […]
5 Reasons Your Capital Projects Software is Failing You
March 5th, 2020
If you’re reading this blog post, it’s safe to say that you either deliver or invest in capital projects. And if you are involved with capital projects, you’ve most likely experienced cost and schedule overruns and projects that have not delivered intended benefits. In fact, according to the Construction Industry Institute, less than 6% of […]
Methods and Tools to Support a Business-Driven Project Management Office
January 30th, 2020
In our fast changing world of capital projects, many organizations are looking to digitally transform their Project Management Office (PMO). Their goal is better control of their project portfolio. Project management methodologies, certifications and tools have around for many years and have considerably increased the maturity of PMOs. However, even as projects are managed better […]
Foundations of Progress Measurement (Part III): Construction
November 5th, 2019
The Importance of Progress Measurement Progress measurement is a key element of project management for construction projects. It helps to determine earned value, cost at completion, and the estimated finished date of the project. These are all very important things to know if you want to keep costs and schedule under control. However, being able to […]