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Indirect Construction Costs (IDCC) are project expenses incurred by the primary construction company for supportive functions and shared general resources that are typical for proper execution of field construction operations and are not accurately or feasibly identifiable wit...
/resources/knowledgebase/knowledge-areas/Project-Controls/topics/RT-282 2/7/2016 6:17:46 AM
Project Controls and Management Systems (PCMS) includes the people, processes, and tools for the planning and execution of all phases of capital projects including, but not limited to, Estimating, Cost Control, Planning, Scheduling, Change Management, Progressing, and Forecast...
/resources/knowledgebase/knowledge-areas/Project-Controls/topics/RT-244 2/7/2016 6:16:12 AM
Successful small project execution is important as 40-50% of industry capital budgets are spent on small projects. The average CII company plant spends $25 to $30 million on small capital projects. Small projects, as defined by this research, are projects with a total installe...
/resources/knowledgebase/knowledge-areas/Business-and-Project-Processes/topics/RT-161 2/7/2016 6:12:55 AM
The Project Definition Rating Index (PDRI) Small Infrastructure Projects is a powerful and easy-to-use tool that offers a method to measure project scope definition for completeness. The tool provides descriptions of each critical element allowing project teams to quickly id...
/resources/knowledgebase/knowledge-areas/Project-Planning/topics/RT-314a 2/7/2016 6:18:39 AM
Lack of defined scope, significant project complexity and risk, owner and contractor staffing considerations, and schedule pressures often compel owners to consider reimbursable contracting methods for their projects. Owners face a steep learning curve when they first employ r...
/resources/knowledgebase/knowledge-areas/Procurement-Contracts/topics/RT-260 2/7/2016 6:16:57 AM
Re-engineering is a fundamental rethinking and radical redesign of a process to achieve dramatic improvements in performance. The projects which are reengineered due to short schedule, tight budget, or technical complexity by adoption of extraordinary approaches are labeled as...
/resources/knowledgebase/knowledge-areas/Business-and-Project-Processes/topics/RT-124 2/7/2016 6:11:21 AM
A well-prepared early estimate enables businesses to make sound economic decisions. An early estimate helps to formulate execution strategies, provides a basis to plan engineering and construction, and serves as a baseline for changes.The research team has developed a Best Pr...
/resources/knowledgebase/knowledge-areas/Project-Controls/topics/RT-131 2/7/2016 6:11:31 AM
The engineering and construction industry is failing to recruit and retain young professionals, and the problem is expected to worsen unless action is taken. Much research has been performed in recruiting and maintaining the skilled workforce, yet recruiting and retaining lead...
/resources/knowledgebase/knowledge-areas/Human-Resource-Management/topics/RT-200 2/7/2016 6:13:57 AM
The objective of the Quality Management Task Force study was to identify and quantify the magnitude of rework costs resulting from quality deviations in design and construction, and to present data that will encourage the construction industry to implement systems such as the ...
/resources/knowledgebase/knowledge-areas/Quality-Management/topics/RT-010 2/7/2016 6:08:55 AM
Construction is unique when compared to manufacturing, process, distribution, transportation, and other industries. Each construction project is different: most contracts are awarded based on a competitive bidding or selection process; projects usually must be planned and exec...
/resources/knowledgebase/knowledge-areas/Construction-Execution/topics/RT-006c 6/6/2016 8:31:02 AM
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