Project Management Process
What is the Project Management Process in Construction Management? Stakeholders in the construction business pay as much attention to the project management process as professionals do in other fields. In the project management process, there are basically five stages which...
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How to Calculate Direct Labor Cost
There are two types of costs that construction organizations deal with on a daily basis in the workplace. These costs are direct cost and indirect cost. Although both costs are important, premium consideration is placed on direct cost because of...
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What is Construction Estimating?
Construction estimating is an all-important process that is part and parcel of construction project management. This process involves the anticipation of the total cost for a construction project. Essentially, the success or failure of a project starts from the point...
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What is a Summary Report?
In the construction industry, the value engineers, architects, designers, and investors place on reports is huge. Stakeholders rely on summary reports to make immediate and future business decisions. A summary report is a document that provides information about Site description...
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What is Risk Management?
Risk Management is defined as the process of assessing, identifying, and controlling potential threats to an organization or a project it has undertaken. Threats could come in different forms, such as legal liabilities, spiraling financial losses, a significant increase in...
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What is Change Management?
What is Change Management in the Construction industry? Change Management is a broad term used by experts to describe the guidance, preparation, and execution of new plans. In the construction industry, change is effected with the aid of planning tools....
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Strategic Management Process
The Strategic Management Process in the Construction business What is Strategic Management? Strategic Management can simply be defined as a systematic approach to the general management application, initiation, and execution. Strategic Management spells out a company's rules of engagement as...
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What is Waterfall Methodology?
Waterfall Methodology in Project Management: Examples, Pros, and Cons One pertinent question project managers ask themselves before they commence the execution of any project is to decide on the best course of action. Providing sufficient answers to this question is...
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How to Write an Executive Summary
What is an Executive Summary? Both large and small scale construction companies work with executive summaries. An executive summary is a document that summarizes a robust plan in smaller details for easier understanding. These summaries are often included with many...
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What is Logistics Management?
Definition Logistic Management is defined as a Supply Chain component that is structurally designed to meet the requirement of an organization, or its customers/clients. This is achieved through the control, planning, and implementation of goods or services through warehousing and...
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