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Cash Flow Risk Factors in Construction Projects That Can Be Minimized with Technology | Part 1
A construction contractor needs to aggressively manage the amount of cash coming in and going out i.e. he needs to balance cash receipts and payments. When a contractor loses control of his cashflow and has…
- 12 Aug 2020
Achieving Project milestones faster with Agile
EPC project companies operate with profit margins to the tune of 6 to 7% where as around 12% of the payments fall into the category of retention. The ability to claim the retention payments and…
- 29 Jun 2020
Understanding the role of the app in modern project management
Understanding the role of the app in modern projectmanagement In the past decade, smart devices have revolutionized the way peoplework, play, communicate, and even think. As devices shrank, computingpower exploded outward into the cloud. Smart…
- 10 Jun 2020
3 Survival Factors for Engineering Companies in a Post Covid World
During the 2020 global Coronavirus pandemic, revenues of Engineering and EPC companies dropped by 20.2%, according to ENR April 2020. In this situation, monitoring cash flow, cost control and managing remote collaboration and work tracking…
- 10 Jun 2020
How the Engineering industry during COVID-19 surprised and delighted us!
How the Engineering industry during COVID-19 surprised and delighted us! Engineering firms responded surprisingly well to the COVID-19 lockdown! Report after report talks glowingly about how platforms like BIM360, Project wise, Microsoft Team, and Zoom…
- 09 Jun 2020
What can Construction learn from Manufacturing?
What can Construction learn from Manufacturing? How to standardize. That’s what the construction industry can learn from the manufacturing industry. Standardization is a vague term, so let me define it. When I say ‘a company…
- 09 Jun 2020
Best Practices based Integrated Project Monitoring & Control
Successful projects deliver their scope with quality within the agreed upon time and cost. Integrated Monitoring and Controlling of schedule, scope, cost, risks, resources and quality throughout the project’s life cycle starting from project planning…
- 27 Apr 2020
Best practices for engineering document management
Engineering documents and drawings are foundational to any infrastructure project. A typical project usually involves hundreds or thousands of such documents. So, are there any document management best practices, to make your engineering project executions…
- 27 Apr 2020
Importance of Document Management System for Engineering Projects
What is the role of a document management system in engineering projects? Multidisciplinary nature of projects Drawings and documents produced in engineering design projects are essentially instructions that visually explain the scope of work to…
- 22 Apr 2020
The challenges of working from home as an engineering organisation
The Covid-19 crisis has created a need for businesses to work with virtual teams, thanks to social distancing and work-from-home mandates from governments. For engineering organizations, this may translate to up to 50% of the…
- 17 Apr 2020