02/12/2025 Ziad Al-basir Budget, Cost Control, Forecast, Main Pages, Planning & Control, PMO, Portfolio Management

إدارة الميزانية في المشاريع الكبرى

إدارة التكلفة والميزانية في المشاريع الكبرى: أفضل الممارسات والتحكم الاستراتيجي – ZALBASIREPPM إدارة التكلفة والميزانية في المشاريع الكبرى: أفضل الممارسات والتحكم الاستراتيجي تحويل الرقابة المالية من التقارير المتأخرة إلى التحكم الاستباقي في الوقت الفعلي. التحدي الأكبر: التحكم في الميزانية والتكاليف بالمشاريع الكبرى في المشاريع التنموية الكبرى، يُعد التحكم في الميزانية والتكاليف من أكثر المهام تحديًا. يعود ذلك إلى أن الميزانية في بداية هذه المشاريع لا تكون مؤكدة، بل هي تقدير مبدئي يبدأ بحدود تفاوت تتراوح بين 30% إلى 50%، اعتمادًا […]

10/06/2024 Ziad Al-basir Annual Budget, Bidding & Tendering, Budget, PPMO, Project Cost Controls, Project Portfolio Management Office

Project Reporting: Avoiding the Pitfalls of Survivorship Bias

Project Reporting: Avoiding Survivorship Bias Project Reporting: Avoiding the Pitfalls of Survivorship Bias As the mid-year report review for your project’s approaches, consider the type of project reports you are reviewing. Do they include any Survivorship Bias understanding and reporting? 🤔 What is Survivorship Bias? Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data. These […]

02/06/2024 Ziad Al-basir Budget, Business Development, Business Transformation, Cost Control, EPMO, EPPM, Main Pages, PMO, PPMO, Project Cost Controls, Project Portfolio Management Office, Resources Planning

Mastering Real Estate Development: Your EPMO Blueprint

Mastering Real Estate Development: Your EPMO Blueprint Mastering Real Estate Development: Your EPMO Blueprint Are your real estate development ambitions crumbling under the weight of chronic delays and budget overruns? Every missed deadline and overrun erodes profit margins and turns strategic goals into dust. Are you ready to take control and stop the risk of failure? — Is This Your Reality? 💔 Is this the legacy you want to leave as a business leader – a trail of stalled projects […]

31/05/2023 Ziad Al-basir Budget, Cost Control, Main Pages, Planning & Control

Techniques for Project Cost Overrun and Time Delays Recovery

Recovering from project cost overrun and time delays requires a proactive approach and the implementation of various techniques. By re-evaluating project scope, optimizing resources, re-sequencing schedules, mitigating risks, managing changes, optimizing vendor relationships, ensuring quality control, engaging stakeholders, capturing lessons learned, and conducting performance reviews, project teams can effectively recover from setbacks. In summary, the success of project recovery lies in a holistic approach that addresses multiple aspects of project management. By applying the most used techniques for project cost […]

07/05/2023 Ziad Al-basir Budget, Cost Control, Main Pages

Project Cost Estimate and Project Budget Estimate Explained

Cost Estimate & Budget Estimate: Your Project’s Financial Compass Cost Estimate & Budget Estimate: Your Project’s Financial Compass Cost estimate and budget estimate are critical aspects of project management that help organizations to plan, control, and monitor project expenses. In this eBook we explain the differences and the processes involved to generate both in the project life cycle. 💰 Understanding the Core Concepts While often used interchangeably, cost estimates and budget estimates serve distinct purposes in project financial management. 🔍Cost […]

13/04/2023 Ziad Al-basir Bidding & Tendering, Budget, Business Development, Business Transformation, Cost Control, Project Cost Controls

Change Orders: Where It Can Be a Gateway to Construction Fraud and Misconduct

Change Orders: A Gateway to Construction Fraud and Misconduct Change Orders: A Gateway to Construction Fraud and Misconduct Fraud and misconduct in construction have become a pervasive problem globally, with up to $5 trillion expected to be lost to corruption by 2030. 🚧 Introduction One of the areas where these illicit activities often occur is during the change order process, where individuals on the client side collude with contractors to engage in fraudulent practices. The aim of this article is […]

25/01/2023 Ziad Al-basir Budget, Business Development, Business Transformation, Cost Control, EPMO, Main Pages, Planning & Control, PMO

Why We Fail to Deliver Projects on Time and Budget?

Mega-Project Cost Control: The Imperative of Independent Oversight – ZALBASIREPPM Mega-Project Cost Control: The Imperative of Independent Oversight Safeguarding investments and ensuring delivery in the face of pervasive cost and schedule overruns. The Staggering Cost of Mega-Project Overruns Global investment in energy, infrastructure, mining, and real-estate-related projects was estimated at approximately $6 trillion in 2013. By 2030, this figure could surge to $13 trillion, according to McKinsey research published in 2017. The same research paints a stark picture: 98 percent […]

11/07/2018 Ziad Al-basir Annual Budget, Budget, Cost Control, EPMO, EPPM, Forecast, PMO, Project Cost Controls, Resources Planning, Shared Resources

Forecasting EPMO & EPPM Costs: Best Practices for Strategic Success

Forecasting EPMO & EPPM Costs: Best Practices for Strategic Success – ZALBASIREPPM Forecasting EPMO & EPPM Costs: Best Practices for Strategic Success Navigating the complexities of budgeting for permanent, shared, and non-project staff in Project-Based Organizations. The Strategic Imperative of Accurate Forecasting Accurate annual cost forecasting for EPMO (Enterprise Project Management Office) and EPPM (Enterprise Project Portfolio Management) is a critical capability for any Project-Based Organization (PBO). Beyond merely allocating funds, precise forecasting enables strategic decision-making, optimizes resource utilization, and […]