The key to effective project cost control is being flexible enough to find solutions to inevitable problems. For example, perhaps a supplier failed to deliver necessary project equipment on time.

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Infrastructure construction projects are perpetually marred by delays and cost overruns. One global study, “Megaprojects and ...

When a project is running exactly as predicted, there is no time variance to worry about. When events are happening ahead of schedule or behind schedule, you have a variance, which could pose ...

Effective cost control and management is the mainstay of success of a construction project because it is eventually the money that keeps the operations running.

The Journal of the Operational Research Society, Vol. 57, No. 7, Special Issue: Problem Structuring Methods (Jul., 2006), pp. 802-812 (11 pages) Recent research suggests a major role for problem ...

Vol. 61, No. 6, Operational Research in Project Management: Pragmatic Solutions for Real Life Problems (June 2010), pp. 893-904 (12 pages) Published By: Taylor & Francis, Ltd. Project Management has ...

You probably heard the advice that “failing to plan is planning to fail.” That phrase is a misleading myth at best and actively dangerous at worst. Making plans is important, but our gut reaction is ...