Poor project cost management is one of the easiest ways to make a project go awry. Hence, good project management requires a firm grasp on the concepts and techniques in project budgeting and cost control. Thankfully, the Project Management Body of Knowledge (PMBOK) gives us a strong foundation in this area. Project Cost Management is the fourth of 10 … [Read more...]
Poor project cost management is one of the easiest ways to make a project go awry. Hence, good project management requires a firm grasp on the concepts and techniques in project budgeting and cost control. Thankfully, the Project Management Body of Knowledge (PMBOK) gives us a strong foundation in this area. Project Cost Management is the fourth of 10 project … [Read more...]
Not too long ago I was presiding over the tender opening for a small bridge replacement project. I had recently heard of some stories from another, unrelated, government contact that a certain contractor had ended up in court with them, and it turned out that after opening several tenders that this particular contractor was the low bidder (so far). I was holding my … [Read more...]
