Email Us
  • Time Value of Money in Construction Projects

    Time Value of Money in Construction Projects

    Construction management seeks to optimize the time, cost and quality of projects by increasing the profitability and value of improvements for stakeholders. Financial analysis, utilizing earned value management, aids in decision making by predicting budget and duration. Cash flow modeling that includes risk distribution through a holistic approach will increase the accuracy of these projection.…

  • Cash Flow Analysis for Construction Projects

    Cash Flow Analysis for Construction Projects

    Cash flow management provides a means for analyzing the value of construction projects. These calculations are used to determine cost and schedule variance, and to estimate final costs. This information aids in decision-making throughout the project lifecycle, reduces a variety of risks, and mitigates budget discrepancies. With proper understanding of project financing, property owners and…

  • Lean Construction for Cost Control and Quality Improvement

    Lean Construction for Cost Control and Quality Improvement

    Lean thinking and sustainability are shaping the future of the construction industry. Many of the lessons learned and implemented in the manufacturing sector have begun to enhance building design and performance, while reducing waste and controlling costs. Just-in-time production, off-site fabrication, and construction automation are emerging as modern methods and new technologies become integrated into…

  • Earned Value Management in Construction Cost Analysis

    Earned Value Management in Construction Cost Analysis

    Earned value management measures project performance based on scope, schedule and cost. Utilization of these methods improves planning, tracks progress, and mitigates risks. Analysis of planned value, actual cost, and earned value provide key indicators in estimating budget, duration and probability of success. These tools offer greater cost control, assess and predict performance, help achieve…