6 reasons to stop funding a project
When considering a request for additional funding there are three types of funds: sunk funds, the ‘money at risk’ (to be spent in the next phase) and the remaining projected cost of the project. But when should you stop funding altogether?
Devils in detail and project estimating fallacies
Project estimating costs and durations can be done in great detail using Excel or more sophisticated tools. However, detailed is not synonymous with accurate! Pat Weaver provides a more pragmatic approach to estimating time and costs on a project.
Missing: one project business case
True or false: A business case is the document required to attain funding for the project. False! The business case is the project, say TOP founders Alexandra Chapman and Jed Simms. Then why does the business case too often go missing in action once the project begins?
Alliancing benefits and challenges in infrastructure projects
Alliance contracting offers an unprecedented way to create a strong synergy between partners to deliver a project too complex for traditional ‘hard dollar’ procurement and delivery methods. It brings together several organisations including the client, such as a government infrastructure agency or utility; and non-owner participants such as a civil engineering firm and a constructor, as well as technical specialists as required.