Project Risk Academy

Think closing power plants is less risky than opening them? That’s a …  Utility Dive

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

(PDF) Critical success factor analysis for effective risk management at the execution stage of a construction project  ResearchGate

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

The Ins and Outs of Working With an Architectura l/ Engineering Firm  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

Why do so many construction projects have cost overrun by as much as 10% to more than 100%?  How can cost overrun be rectified? This continuing cost overrun situations costs industry million dollars each year and wastes valuable engineering /construction labor resources. Construction cost overruns are an everyday happening on mid-sized