RRM Archive

Changes are inevitable in construction and in any project. There might be costs that were not budgeted or authorized initially. A change due to differing site conditions, design errors or omissions, or a scope change due to owner’s added requirements may lead to change orders. Besides change orders, which are additions to the original contract,

DEEPWATER RISKS-1: Challenges, risks can be managed in deepwater oil and gas projects  Oil & Gas Journal

How can you increase core-estimating maturity for Owner companies and improve project performance and increased capital efficiency in today’s construction industry? Introduction  Owners rely on cost estimates to perform an economic analysis of the return on their capital investments or capital expenditures (CAPEX).  Estimates are critical to early planning and de-risking of project budgets developed during project authorization.    When Owner companies place little

Successfully Managing Construction Mega-Projects  Area Development

What is the difference between cost control and cost management? Cost management and cost control are two terms that often get mixed up. If you think about the words, what sounds better? Would you rather be in control or managing your costs?   It turns out that cost management and cost control really are two different things, and yet they are equally important

How to Create a Great Project Plan in Just 7 Steps  Business 2 Community

Starting the New Year energized and motivated you yet not entirely meeting your resolutions? This may seem to be a yearly reoccurrence. With all that goes into managing a project, making sure things are done right, within budget, and on time is a challenge; especially when we fall victim to the same mistakes.  Knowing that there are a lot