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These two Benchmarking and Metrics (BMM) reports published in 2001 and 2006, report on leading data at the time of publication regarding extent of implementation and beneficial impact of information technologies to support project execution and improve performance. Principal ...
/resources/knowledgebase/knowledge-areas/Information-Management-Technology/topics/BMM-ITImpact 6/26/2016 3:10:11 PM
Front end planning is focused on creating a strong, early link between the business or mission need, project strategy, scope, cost, and schedule and maintaining that link unbroken throughout the project life. This challenge is increased when modifying or renovating an existing...
/resources/knowledgebase/knowledge-areas/Project-Planning/topics/RT-242 2/7/2016 6:16:07 AM
Cost estimating is a critical function for successful capital or maintenance projects, and reliable estimates depend heavily on the competency of cost estimators. Owners depend on accurate data to make business decisions, which can heavily impact the profitability of the compa...
/resources/knowledgebase/knowledge-areas/Project-Controls/topics/RT-253 2/7/2016 6:16:32 AM
Risk Management DefinitionThe function responsible to support Project Management and the Project Business Sponsor in defining and recommending mitigations for all significant project risks. The service may be provided by the Owner, the Contractor or a third party consultant.T...
/resources/knowledgebase/project-functions-or-roles/risk-management 2/15/2016 10:41:12 PM
Knowledge Area DefinitionBusiness and project processes or methods are collections of related, structured activities or tasks that produce a specific service or product. These can often be visualized with a flowchart as a sequence of activities with decision points or a proces...
/resources/knowledgebase/knowledge-areas/business-and-project-processes 2/15/2016 10:21:50 PM
The main objective of RT-323 was to first define what is a premature start, determine what drives a premature start, understand what impacts occur as a result, and lastly, to investigate if there any leading indicators, or red flags, that could serve as early warning signs tha...
/resources/knowledgebase/knowledge-areas/Business-and-Project-Processes/topics/RT-323 6/9/2016 3:15:29 PM
Knowledge Area DefinitionThe process of developing sufficient strategic information so owners can address risk and make decisions to commit resources to maximize project success. Project Planning is often synonymous with front end planning (FEP), front end engineering design (...
/resources/knowledgebase/knowledge-areas/project-planning 2/4/2016 5:23:44 AM
Several crew scheduling options are available to contractors and owners when they need to complete a project on time or compress or accelerate a schedule. Techniques such as overtime, shift work, rolling or straight four-ten hour days, and other innovative schedules each have ...
/resources/knowledgebase/knowledge-areas/Construction-Execution/topics/RT-185 2/7/2016 6:13:38 AM
Industrial capital projects are risky business ventures with increasing size, uncertainty, and complexity that frequently experience growth in cost and time to deliver, and oftentimes do not achieve their desired performance results. From Merrow (2011), 65% of all industrial ...
/resources/knowledgebase/knowledge-areas/Project-Program-Management/topics/RT-341 7/10/2018 4:00:21 PM
Design is a central activity of the project, and design effectiveness is one of the major determinants of project success. Design is a complex and creative process in which the interplay of numerous factors, including physical, financial, and environmental constraints and tech...
/resources/knowledgebase/knowledge-areas/Design-Planning-Optimization/topics/RT-008 2/7/2016 6:08:49 AM
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