Project appraisal is the process of evaluating a project’s viability and potential returns before investors commit resources. Project appraisal is crucial for several reasons. It helps manage financial risk …
Profit is not earned at the end of a project; it is secured at the start with accurate cost estimation and proper cost planning. This statement highlights the importance …
Have you ever looked at a towering skyscraper or a sturdy bridge and wondered about the journey it undertook from just an idea to its grand existence? Welcome to …
There are several AutoCAD alternative software options available, including: SketchUp – a 3D modeling software with a user-friendly interface and a wide range of features for architectural, interior design, …
1. “Structures: Or Why Things Don’t Fall Down” by J.E. Gordon. “Structures: Or Why Things Don’t Fall Down” is a classic book on the fundamentals of structural engineering written …
Cost-benefit analysis is a comprehensive project appraisal technique used by both public and private organizations to aid in complex investment decisions. It Assesses the input costs and output benefits …
The design brief is the project management document that consists of information about the client and client’s requirement such as space, use, look and comfort building. It outlines business …
Disputes are inevitable part of construction industry irrespective of size and complexity of projects. They not only waste money, but also reduce profitability and relationship amongst project stakeholders. In …
Construction Risk Management – Introduction In theory, risk is usually defined as a positive or negative deviation of a variable from its expected value or status. But, generally risk …
Key Construction Management Professionals: Introduction Prior to understand the roles and responsibilities of construction management staff, it is recommended to understand some key words. • Professional – A person …
