In this article we will discuss about:- 1. Monitoring of Time and Cost Trade-Off for Project 2. Monitoring of Capital Expenditure for Project 3. Variance and Performance Analysis 4. Monitoring of Network 5. Network Analysis (PERT & CPM) 6. Invisible Walls in Project Estimating 7. Techniques for Project Control. Contents: Monitoring of Time and Cost Trade-Off for Project Monitoring of [...]
In this article we will discuss about various terms of contract of the project taken up by a company. Risks in Contract-Contractor Angle: Risk factor in contracts plagues both the contractor and contractee. In fact a contract is considered as an instrument for the transfer of risk from the contractee to the contractor. The risks a contractor faces normally for [...]
In this article we will discuss about:- 1. Reasons for Cost and Time Overruns 2. Methods to Avoid Cost and Time Overrun 3. Ways to Overcome 4. Weaknesses. Reasons for Cost and Time Overruns: It is a common problem in execution of the projects that the actual cost on the project would exceed than the estimated cost. Similarly, the project [...]