Library
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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
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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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
High Expectations
Skyscrapers are skyrocketing--in frequency and size. But project teams will have to navigate cost challenges to keep up with demand.
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Project Management Journal
Cash Flow Management of Construction Projects in Saudi Arabia
Cash flow management entails forecasting, monitoring, and controlling practices of the cash inflow and outflow and arrangement of deficits over a project's duration. This article reveals, through a…
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PM Network
Runaway Rail
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…
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PM Network
Snap Precision
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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PM Network
Express Routes
Bus rapid transit (BRT) projects are back in the fast lane. The resurgence is happening as cities around the world seek to reduce congestion and create public transportation opportunities beyond…
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