Create knowledge
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(rate this)
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Perform an Audit
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(Actual Spent) + (ETC Qty x ETC Rate) + ETC Overheads within Revised Cost Baseline...!!!
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Mohammad Bakhsh
| Added idea
"Discounted cash flow method."
| 2 years ago
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All the ideas as suggested are part of project management but not the part of the strategy.The strategy means how profitable the capital investment should be ensured.The stake holders are not only concern about the investment but how it is being...
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Irfan Hi
| Added idea
| 3 years ago
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Most of the companies have been found wanting in this matter but i feel there are various ideas which can be implemented. Also, many people get confused between QA/QC policy and Cost Control Policy, as there is always an overlap of the activities...
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Giridhara Y.N
| Supported idea
"Perform an Audit"
| 3 years ago
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For better result The same auditing can be done at regular intervals in the project period
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Ideate: "Strategies for Construction Cost Control " deleted from your view.
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(rate this)
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Scope Clarity & Effective BID Evaluation Strategy...!!!
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All benefits goes to Client
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Er. Harnam Singh
| Supported idea
"Scope Clarity & Effective BID Evaluation Strategy...!!!"
| 2 years ago
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scope clarity may be one of reasons of risk but amount of variation/deviation in a contract are also defined. When such limits are defined Bidders shall quote rates keeping in view above limits to cover the risk. As regards selecting a agency who...
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Irfan Hi
| Added idea
| 3 years ago
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First need of any project desiring to attain success in management is to indentify obligation of all parties to the contract. Follow up for updates is another step. Change Control Systems and Quality Control Systems shall be a part of contractual...
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varsha
| Supported idea
"Scope Clarity & Effective BID Evaluation Strategy...!!!"
| 2 years ago
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i do agree with mr singh and nitin jee.. clarity of scope is very much important
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Ideate: "Client Actions to Reduce the Risk of Construction Management" deleted from your view.
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(rate this)
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Bad Management
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Due to lack of two factors. 1- Decisions. 2- Money
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Biranchi Narayan Acharya
| Added idea
"Lack of risk management & evalution of bottlenecks"
| 20 days ago
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many project are estimated very casually taking things granted. A time frame is generally made considering volume of work & ignoring ground constraints. That is why most projects fails to be completed on time.
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Irfan Hi
| Added idea
| 3 years ago
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Major reason for failure of project is lack of understanding of responsibilities by Consultant or the contractor. Major Consultants just want to release themselves out of any liabilities during execution of the project and even contract supports them...
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Rajiv Ranjan Srivastava
| Supported idea
"Bad Management"
| 3 years ago
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Bad management is the core problem for failure of project and all other problems being discussed are the branches of bad management only. Poor management do not allow a systematic process of working with defined responsibilities of parties...
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Ideate: "Why do Construction Projects Fail?" deleted from your view.
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