Library
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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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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
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
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
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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