• Best Practice: Tracking of Increased Construction Costs for Proving Claims

    Best Practice: Tracking of Increased Construction Costs for Proving Claims

    Record keeping is one of the most important activity in any work in progress. They are important tools in the decision-making process. One is able to track the flow of resources, manage the business and maintain the business course. It is important to note that in execution of a construction project, documentation is an indispensable tool for the managers and other participants.Best Practices1.Reviewing cost codesOrganizations have distinct ways of tracking their expenses. Having codes makes tracking operations easy. However, in other companies, there are numerous cost codes with numerous granular details that they use for the same... Read More

  • Best Practices in Food Industry Supply Chain

    Best Practices in Food Industry Supply Chain

    As food moves through the supply chain from its raw form to the final product, value is added. The supply chain includes, transformers, vendors and customers. Having strict measures for food manufacturing and supply make it difficult for supply chain managers and makes cooperation between the customers, vendors and manufacturers more critical. This is the reason why it is important to understand the current trends and recommendable activities being applied by the companies to enhance this chain.Current TrendsThe end goal of supply chain management is allowing each member involved in it to achieve efficient management of the inventory as... Read More

  • Delay Damages in Construction Industry

    Delay Damages in Construction Industry

    Construction projects have a habit of dragging on beyond the set due date. While some people might view this as the norm, you need to keep in mind that the longer the project runs, the more money is spent. This means that in most cases the funds used for the actual a construction project surpass what was put down in the budget by far. The delays associated with construction fall into various categories. However, they can easily be summed up as excusable, non-excusable, concurrent, compensable, and critical and non-critical delays. The group a delay will fall into will depend on the responsible party, the effect the delay has on the timeline,... Read More

  • Productivity Loss Analysis

    Productivity Loss Analysis

    It is not enough to be just a job keeper and not perform. Waiting to get a paycheque should be a reward. The place of work should be driven by the efficiency that is seen in the achievement of the workers. Tangible results for the organization should be the reward for the employees. Productivity measures help in evaluating trends in technological improvements, wage levels and labor growth.ProductivityEverybody has a contribution to the economy either directly or indirectly. In this case, when somebody takes some time off from their work, they lose part of their income which is also translated in the economy due to lack of their input.  It... Read More

  • Schedule Delay Analysis

    Schedule Delay Analysis

    When planning for a project, one of the things you need to focus on is the timeframe within which it should be executed and completed. However, very few projects are completed on time. Most of them experience delays, which end up affecting the set timeline. Delays can be frustrating for the people hired to implement the project, as well as for the owner, more so because, they almost always lead to financial losses. Simply put, a project that runs past the proposed timeline will cost more money than was budgeted.Types of DelaysDifferent factors cause schedule delays. These factors can be grouped to make them easier to identify and... Read More

  • Construction Project Management

    Construction Project Management

    Management of construction projects requires the understanding of modern management and the design of the construction process. It involves the daily running of a construction project from start to finish.The discipline of project management can be described as the process of directing and coordinating material resources and human labor during the life of a project by applying management techniques to achieve set objectives of scope, cost, time and quality.The day to day activities may include: working with architects, surveyors to develop a plan that elaborates on timescale, resources required and the cost of the project, coming up with a... Read More