Earned Value Management (EVM) is a project management technique for measuring project performance and progress in an objective manner. EVM has the ability to combine measurements of scope, schedule, and cost in a single integrated system. Earned Value Management is notable for its ability to provide accurate forecasts of projectContinue Reading

Project Completion and Handover Procedure

The purpose of the procedure is to ensure that key issues during the Project Completion stage of the construction cycle are administered in accordance with the Main Contract, including: – Taking Over Certificates – Defects Liability – Final Payment Application/Certificates For the administration of Monthly Statements/Applications and Certificates refer toContinue Reading

Typical Piping Lifting Installation Plan

This method statement covers the sequence of activities for fabrication, erection and installation procedure for Metallic Piping. The method is useful for carbon steels, alloy steels, stainless steels and nickel alloys systems. Procedure will help to ensure the compliance of piping works with the contractual applications and HSE requirements. FollowingContinue Reading

Project Commercial Management Procedure for Insurance Policies

1.0 Purpose of Procedure To ensure that: All aspects of project insurances are appropriately arranged and administered to protect the Company’s best interests and to meet acceptable risk profile including (but not limited to) Construction All Risk (CAR), Third Party Public Liability (TPL), Professional Indemnity (PI) and Difference In ConditionsContinue Reading

project forecasting cost cash flow and revenue

1.0 Purpose This procedure provides the requirement for cost forecasting, revenue forecasting and risk & opportunities forecasting to facilitate the accurate forecasting of the final position of projects at completion. 2.0 Scope This procedure is applicable for any kind of the project. 3.0 Other References Cost Codes and Budget ManagementContinue Reading