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Construction Trends - Articles - Project Management

Highlighting The Benefits Of Project Management Training

Wed, 24 Sep 2008 11:30:00 PDT

Project management is one of the important processes of an organization for the simple reason that it answers a lot of your questions and adds order to the company. With this, project management training is important to ensure that you have the right skills and knowledge when it comes to doing project management.

Project Pitfalls or the Audit Report You Never Want

Sat, 06 Sep 2008 20:30:00 PDT

Over the years I have read all too many project closeout reports, reports from turn-around managers on troubled projects, audit reports and project post-mortems. These reports have recurring findings that can be used to either guide effective management of a project or serve as a findings checklist for the auditor or other manager looking at a troubled project. Clearly an ounce of prevention is the desired course of action.

Failure of Financial Sector Risk Management as an Analog for the Engineering & Construction Industry

Thu, 01 May 2008 15:30:00 PDT

It was spring of 1827 and Robert Brown had just returned from collecting pollen in the Scottish countryside. A botanist, Brown placed some of the pollen in water under his microscope and observed the grains of pollen moving about completely randomly. That random motion, now called Brownian motion after its discoverer is a useful tool in studying truly random events. Many of today's risk models are founded on the principles of Brownian motion, at least as Robert Brown understood them in the spring of 1827.

Program Management Audit Checklist

Thu, 27 Mar 2008 10:30:00 PDT

The audit checklist attached is designed to complement other owner, program manager and contractually required audit checklists. The purpose of this checklist is to ensure that continued focus is paid on achieving the strategic business outcomes that the program is intended to address. It can serve as a template that can be tailored to a specific program's needs.

Strategic Risk Management: Establish Clear Metrics and Manage Risk Continuously

Wed, 26 Mar 2008 15:00:00 PDT

Risk is inherent to major capital construction programs. The initial paper in this series defined a ten step process to guide consideration of program risks. Collectively, these interrelated processes contribute to successful strategic risk management.

Strategic Risk Management: Synthesize the Risks and Integrate Risk Management Processes

Tue, 25 Mar 2008 20:00:00 PDT

Risk is inherent to major capital construction programs. The initial paper in this series defined a ten step process to guide consideration of program risks. Collectively, these interrelated processes contribute to successful strategic risk management.

Strategic Risk Management: Assess and Analyze Risks and Develop Mitigation and Contingency Plans

Tue, 25 Mar 2008 11:30:00 PDT

Risk is inherent to major capital construction programs. The initial paper in this series defined a ten step process to guide consideration of program risks. Collectively, these interrelated processes contribute to successful strategic risk management.

Strategic Risk Management: Understand Risk Elements and Their Impacts

Tue, 25 Mar 2008 04:00:00 PDT

Another risk management process step is to understand the elements of risk and their potential impact early in the program planning and development phase. Not understanding the true impact of a risk event can weaken even the best of risk management planning.

Strategic Risk Management: Utilize Outside Expertise

Wed, 19 Mar 2008 18:00:00 PDT

Risk is inherent to major capital construction programs. The initial paper in this series defined a ten step process to guide consideration of program risks. Collectively, these interrelated processes contribute to successful strategic risk management.

Strategic Risk Management: Make Realistic Assumptions

Sat, 15 Mar 2008 15:00:00 PDT

Risk is inherent to major capital construction programs. The initial paper in this series defined a ten step process to guide consideration of program risks. Collectively, these interrelated processes contribute to successful strategic risk management.
 
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