Curtailing Cost Management Mistakes and Maximizing Profits
By Ron Babich Capital construction projects involve managing billions of dollars every year. Unfortunately, the construction industry continues to lose significant portions of that money through cost...
View ArticleHard Dollar Releases V12 of HD Software to Close the Gap Between Estimating...
Benchmarking, Change Management, and Other Enhancements Create a Closed-Loop Solution for Project Cost Management SCOTTSDALE, AZ–(Marketwire – Aug 15, 2012) – Hard Dollar, the creator of project cost...
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Oil & Gas Capital Project Management’s Focus on Planning & Portfolios
By Ron Babich It may feel like the oil and gas industry is in flux, but it’s still very much in growth mode. Strategic capital project management has never been more necessary on a large scale. Capital...
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Cost Management Pitfalls: the Top 6 Spreadsheet Errors
Hard coding in a formula: one or more numbers appear in formulas Reference: formula contains one or more incorrect references to other cells Logic: formula not used correctly causes incorrect result...
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Cost Management Pitfalls: 7 Ways to Avoid Estimate Cost Overruns
1. Clear identification of tasks2. Wide participation in preparation3. Availability of historical benchmarking data4. Standard structure for estimate5. Recognition of escalation / inflation6....
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Cost Management Pitfalls: Top 3 Areas for Increasing EVM
Top 3 areas for increasing accuracy of EVM forecasted progress measurement data. 1. Identification of unit rate productivity 2. Reconciliation of actual cost of work performed: ERP, estimate, and...
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Minimize Costly Jobsite Errors with a Simple Process Shift
Construction projects often involve tracking hundreds, or even thousands, of details. Every day presents an opportunity for project expenditures to spiral out of control. Minimizing costly jobsite...
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Hard Dollar’s Lasso Project Intelligence Ropes in Big Data for Big Projects
October 16, 2012 08:17 ET Cloud-Based Reporting and Analysis Ties Owners, EPCMs, and Contractors Into Instant Exchange for Critical Project Intelligence SCOTTSDALE, AZ–(Marketwire – Oct 16, 2012) –...
View ArticleInfrastructure Construction: Looking Forward
With the U.S., presidential election fast approaching, key campaign issues such as healthcare, the economy, and tax reform, among others, have been big discussion points among political leaders. Where...
View ArticleThe Incredible Estimate – Step 1 in Earned Value Management
By Ron Babich There are many questions organizations should have answers to in regard to the status of their key projects. Understanding where a project stands compared to Budget and Actual performance...
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