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Construction Contract Types A construction contract is a legal agreement between the client and the contractor which involves basic information for the task to be performed by the contractor. In the construction industry, this legal agreement which includes the scope, bill of quantity, drawings, work schedule, and other contract documents, is established between the owner … Read more
Claim Management in Construction Projects Construction claims are getting complex based on the nature and the complexity of the construction projects. Clients, contractors, and subcontractors of this environment try to reach their own goals and expectations in order to increase their benefits. Conflicts may arise as a result of this diversified goals and expectations of … Read more
Understanding Project Selection Methods for Decision Making The success of organizations is dependent on the profitability of projects that they select. Once an opportunity has appeared for a project, there are several reasons that need to be analyzed before an organization decides to take it up. Project selection is one of the most important processes … Read more
Project Scheduling Success: A Step-by-Step Guide to Efficient Project Planning and Implementation Creating a serviceable project schedule is an indispensable activity for a project’s successful completion. Most of the project managers suffer from poor schedules that lead wrong decisions. Poorly created project schedules involve an inadequate number of activities and resources required to complete the … Read more
Gantt Chart Example for a Construction Project Project management is a practice of planning, scheduling, executing, controlling, reporting and closing the project successfully. Most of the projects are designed to create a unique product or service in a restricted time period. Considering the distinctive nature of projects, planning and scheduling become critical for a project’s … Read more
Work Breakdown Structure Example and Creation Steps How to Create a Work Breakdown Structure? The concept, Work Breakdown Structure is widely used by professionals to represent the project’s scope and deliverables in a hierarchical way. Typically, creating a WBS is one of the first steps in project planning and scheduling. Sometimes this concept may be … Read more
5s Methodology & Principles in Project Management Organizations often try to change their production system to achieve more work using fewer resources. In order to increase the profit by reducing waste and costs, a business must become more productive than before considering the rapidly changing economic conditions. In other words, in order to improve productivity, … Read more
Critical Chain Method (CCM) in Project Management There are lots of project planning methods, tools and techniques available in the field of project time management. The Critical Chain Method is one of them which was introduced by Eliyahu M. Goldratt in his book “Critical Chain” in 1997. Unlike other books and guides written for project … Read more
What is the Critical Path Method (CPM) in Project Management? The critical path method (CPM) is a fundamental concept in project planning and management. It is a useful technique used for scheduling project activities like PERT method. The critical path of a schedule demonstrates the activities that can not be delayed. Because any delay in … Read more
What is Lean Six Sigma Methodology ? If you want to learn the key concepts of process improvement, you are in the right place. Ensuring high quality and improving customer satisfaction is often difficult for the companies. Therefore companies and organizations are looking for the ways of increasing productivity, solving problems and decreasing costs. A … Read more