Just like any investment, a cost benefit analysis should be performed to ensure that BIM is a sound investment. Paul Sancandi outlines the considerations project managers should make at this stage.
...read moreArticles Tagged 'cost'
-
-
Good, fast, cheap—pick any two. That’s the old slogan that used to (only semi-jokingly) be applied to meeting project requirements. But editor Adeline Teoh has a tip for meeting the requirements…
...read more -
Most of the time, ‘succeeding’ and ‘winning’ are interchangeable. But what happens if you break the project while fitting it into the triangle of time, cost and quality? asks editor Adeline Teoh.
...read more -
According to KPMG, organisations should “establish an enterprise-wide prioritisation process that objectively and continuously evaluates projects and programmes to help maximise and realise the value from investment.” Guy Wilmington shows how portfolio management is supposed to work.
...read more -
The simple fact ignored by most project managers is that cost is an output from the management process, and pretending cost is a manageable input is a recipe for disaster. Pat Weaver on the negative effects of traditional cost-cutting and how to really trim costs.
...read more -
There is generally confusion between the terms ‘value management’ and ‘value engineering’; Paul Sancandi attempts to clarify the distinction between the two concepts and offers advice on how to apply both to your project.
...read more -
Throughout the project management discipline, earned value has become synonymous with progress reporting. Guy Wilmington suggests, however, that it is impractical for use in IT projects and proposes alternative means for gauging and reporting progress of tasks/deliverables for IT projects.
...read more -
Expert Joseph Juran defined quality as fit for purpose, an elegant definition that applies equally to the quality of your management processes and information as it does to your production processes and project deliverables. Lynda Bourne sets out how to calculate the cost of quality in your project communications.
...read more -
A benefit is a positive outcome that stems out of the use of a product or capability; it is an outcome of the execution of the strategy. Michel Thiry examines how benefits management works for both programs and Agile projects.
...read more -
While many organisations undertake a risk-based assessment when determining which projects or programs to include in their portfolio of work, this assessment tends to be static rather than dynamic. Guy Wilmington provides a step-by-step guide to identifying and treating risk at a portfolio level.
...read more