Project procurement and identifying value
In a buying decision only two elements really matter: acquiring the goods or services you need and the price you pay. Dr Lynda Bourne imparts some advice to project team members tasked with procurement to see the real value in a proposition.
Reversing the management view of project costs
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.
Value management and value engineering for any project
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.
Juggling project resources in a tight market
For a professional services firm where skilled staff such as project and engineering consultants represent both their biggest cost and biggest source of revenue, effective resource management is critical to creating client value, enhancing profitability and maintaining a competitive edge.