Remove Change Management Remove Project Management Remove Risk Management
article thumbnail

Procurement Risk Management in Construction Projects: Strategies and Tools

Building Radar

Procurement risk management is a critical aspect of construction project management, ensuring that projects are completed on time, within budget, and to the required quality standards. Effective risk management strategies can help mitigate potential issues that may arise during the procurement process.

article thumbnail

California Engineering Contractors (CEC) Adopts Industry-First Schedule Risk Analysis Tool from Planera to Manage Complex Projects

Civil + Structural Engineer

CEC, which has managed some of California’s largest projects, including the restoration of the San Francisco/Oakland Bay Bridge and the BART Transbay Tube Retrofit project, will leverage the tool to help build, analyze, and optimize project schedules to streamline execution and increase profitability.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is ‘Contingency’ in Construction Budgeting: Managing Uncertainty and Risk

Building Radar

This article will delve into the concept of contingency in construction budgeting, exploring its purpose, how it is calculated, and how it can impact a project’s success. In construction budgeting, a contingency is a reserved amount of money set aside to cover unexpected costs that may arise during the course of a project.

article thumbnail

Top Construction Project Management Software for 2024

iField Smart

Top Construction Project Management Software for 2024 Construction projects are notorious for their complexity – budgets to manage, timelines to adhere to, materials to coordinate, and teams to synchronize. In today’s fast-paced construction environment, efficient management is non-negotiable.

article thumbnail

A Clash of Methods: AI-powered vs Conventional Project Management

Wrench

With the advent of Artificial Intelligence (AI), there has been a paradigm shift in how projects are managed, monitored, and executed. AI offers tools that enhance decision-making, automate repetitive tasks, and provide insights difficult to come by with conventional project management methods.

article thumbnail

AECOM JV to lead $2.6B Virginia resilience project

Construction Dive

The mega-contractor, along with Moffatt & Nichol and Volkert, will provide program and project management services to protect the city from storm risk and sea-level rise due to climate change.

article thumbnail

VOLKERT JOINT VENTURE TO PROVIDE PROGRAM AND PROJECT MANAGEMENT SERVICES FOR CITY OF NORFOLK’S COASTAL RESILIENCE PROGRAM

Civil + Structural Engineer

announces the City of Norfolk has selected Norfolk Resilience Partners, a joint venture among AECOM, Moffatt & Nichol, and Volkert, to provide program and project management services in support of its $2.6B Coastal Storm Risk Management (CSRM) Program. Norfolk, Virginia — Volkert, Inc.