There’s no denying projects are unpredictable. In a featured New York Times Article titled “Years of Delays, Billions in Overruns: The Dismal History of Big Infrastructure,” author Ralph Vartabedian discussed the growing prevalence of monetary and scheduling uncertainties plaguing today’s projects in the United States. Today’s project cost overruns don’t just cost thousands, but rather […]
Top 4 Practices of Successful Project-Based Businesses
August 1st, 2022
Hexagon conducted a survey in partnership with ProjectManagement.com to identify high-performing organizational behaviors that can help improve project outcomes. The survey quickly gleaned over 800 responses primarily from project professionals working in the Construction, Architecture, Engineering, or IT industry. While sifting through the responses, we measured the performance of the organizations represented by the effectiveness […]
Three Reasons Why You Need Project Controls in Your Next Project
November 10th, 2021
As we continue to mitigate the challenges of the current economic environment, the industries across the globe are starting to see the investment in infrastructure and capital projects rapidly growing. As mentioned in the Deloitte Capital Projects Insights Report, the annual global infrastructure investment is expected to rise from $2.5tr today to $3.8tr by 2040. That is a 51% growth in […]
4 Reasons Why You Need Project Controls Software
July 28th, 2021
Most project performance professionals will recognize this scenario: you are well into your project, and someone asks for the latest status update. You now contact different team members to get the latest information on actuals, forecasts, schedules and budgets and spend hours collating the information together. By the time it lands in the inbox of […]
Earned Schedule: A Powerful Enhancement to EVM
February 8th, 2021
Earned Value Management (EVM) has emerged as one of the most powerful and frequently used methodologies to measure project progress and performance over the last 60 or 70 years. Its early adopters include NASA and the U.S. Department of Defense, who have been using the practice extensively in critical, long-term projects with massive budgets. Though […]
How Fusion for Energy Uses EcoSys on the ITER Project
January 27th, 2021
Fusion for Energy (F4E) is the European Union’s organisation that manages Europe’s contribution to ITER, the world’s largest scientific partnership aiming to demonstrate fusion as a viable and sustainable energy source. ITER is a collaboration project between 35 nations to build the world’s largest magnetic fusion device, a tokamak. The idea for an international joint […]