Library
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PM Network
Change of Current
As the busiest inland commercial shipping route in the United States, the Ohio River is a valuable link in the country's economy. More than 80 million tons of grain, coal and other commodities pass…
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PM Network
Safety Net
Each year, more than 10 million people drive or walk across the Golden Gate Bridge in San Francisco, California, USA. But for some, the draw isn't postcard views of the bay and Pacific Ocean. About…
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Project Management Journal
Determining Contingencies in the Management of Construction Projects
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…
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PM Network
The Science of Uncertainty
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…
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PM Network
Monumental Success
For more than a half century, the Gateway Arch in St. Louis, Missouri, USA has been an iconic guidepost. As the tallest man-made monument in the Western Hemisphere, it towers above the Mississippi…
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Project Management Journal
Improving Project Budget Estimation Accuracy and Precision by Analyzing Reserves for Both Identified and Unidentified Risks
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.…
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PM Network
Charitable Risks
A project is a project no matter where you work. But project management in the nonprofit world can bring unique obstacles. Some of these challenges are common among all nonprofits, while others are…
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PM Network
The Next Industrial Revolution
Today's assembly lines are rolling with change. Whether they produce vehicles, athletic shoes or smartphones, manufacturers are transforming their factories to keep pace with digital disruption.…
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PM Network
Measure Of Respect
Are we measuring the right key performance indicators (KPIs)? Project success is usually measured by KPIs related to scope, schedule, budget and quality requirements.
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PM Network
Surplus Of Caution
Midsize to large engineering and construction projects have a reputation for overrunning their budgets. On a recent project, I was determined to finish under budget. So I started the project by…
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