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Article Cost Management 1 August 2019

PM Network

Reality Check

By Bodini, Francesca Massive infrastructure projects frequently gain attention not only for their architectural or technical features but also for their incredible cost overruns. Accurately estimating the costs of…
Article Innovation, Scheduling, Strategy, Cost Management, Organizational Project Management, Construction 1 April 2019

Project Management Journal

Determining Contingencies in the Management of Construction Projects

By Ortiz, José I. | Pellicer, Eugenio | Molenaar, Keith R. This research describes the managerial approaches that contractors follow to determine different types of contingencies in construction project management. Two large Spanish general contractors were…
Article Risk Management, Cost Management, Government 1 April 2019

Project Management Journal

Public-Private Partnerships

By Solheim-Kile, Espen | Lædre, Ola | Lohne, Jardar Public-private partnerships (PPPs) have been subjected to considerable public debate. In particular, this debate has concerned PPP financing and its implications. Using insights from agency theory,…
Article Cost Management 1 March 2019

PM Network

The Science of Uncertainty

By Thomas, Jen Project estimates can sometimes take on a life of their own. The budget for the new international arrivals facility being built at Seattle-Tacoma International Airport in Seattle, Washington, USA…
Article Cost Management, Risk Management 1 February 2019

Project Management Journal

Improving Project Budget Estimation Accuracy and Precision by Analyzing Reserves for Both Identified and Unidentified Risks

By Kwon, Hyukchun | Kang, Chang W. Project risk is a critical factor in estimating project budget. Previous studies on this topic have only addressed estimation methods that consider project budget reserves against identified risks.…
Article Cost Management 1 December 2018

PM Network

High Expectations

Skyscrapers are skyrocketing--in frequency and size. But project teams will have to navigate cost challenges to keep up with demand.
Article Cost Management, Procurement Management, Construction 1 December 2018

PM Network

Sky-High Mandate

Dubai soon won't just be a city pushing buildings to new heights—it'll also be a place where project teams have to go 3D to reduce labor and materials costs. The government announced it intends for…
Article Risk Management, Cost Management 1 October 2018

PM Network

Runaway Rail

By Bishel, Ashley The budget for a troubled rail project in Honolulu, Hawaii, USA has gone off the rails. The estimated budget hit US$8.3 billion in July, a more than 55 percent jump over the initial US$5.3 billion…
Article Cost Management, Resource Management, Procurement Management 1 October 2018

Project Management Journal

Cash Flow Management of Construction Projects in Saudi Arabia

By Shash, Ali A. | Al Qarra, Abdulaziz This article reveals techniques and practices that construction companies follow to forecast and manage cash flow at the project level.
Article Agile, Scheduling, Cost Management, Scope Management 1 September 2018

PM Network

Snap Precision

By Fewell, Jesse If you've worked on agile projects, you've likely heard an agile champion make bizarre statements about estimating a budget and schedule. When you press further for estimates, you might get an even…

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