An interactive guide to prioritizing Portfolio Cash Flow Management

Interactive Project Portfolio Cash Flow Management Strategic Portfolio Cash Flow Management An interactive guide to prioritizing projects and optimizing cash flow in a multi-project environment. Make decisions and see their financial impact in real time. 1. Portfolio Simulation Select projects to include in your portfolio. For each project, choose an “Early” or “Late” start to see how timing impacts the aggregated monthly cash outflow. Observe how your choices affect the budget and cash flow constraints shown on the chart. Aggregated […]

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Project Governance: Beyond Initial Plans

Project Governance: Beyond Initial Plans Project Governance: Beyond Initial Plans Exploring the realities of project management and the critical balance between rigid plans and adaptive leadership. 📊 Reflecting on 2024: A Project Year in Review In the end of 2024, I am sure you all get to a conclusion, how much achievements and delays you had by now in your projects comparing to the initial plans. Let’s hope, you as a leader, this year encountered a situation where one of […]

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A Guide To Gate Review Scheduling Models pdf File

The governance system works alongside the value delivery system to enable smooth workflows, manage issues, and support decision making.PMI 2015 research indicated that poor decisions because of ineffective communications is the first factor for projects failure with 56% of the studied casesTherefore, Creating the right gate reviews communication plan is crucial.The attached pdf gives A Guide To Gate Review Scheduling Models within the different project management methodologies. Download your copy here

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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 […]

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PBO Annual Project Progress Report

In this Article, I am discussing here new ideas and thinking, so if you have a rigid mind, rest in peace in your comfort zone and don’t continue reading. The scope of an annual project delivery report necessitates various essential reports, beginning with financial reports largely contingent on project progress report. The progress report is crucial to ascertain the financial year’s status, encompassing the balance sheet, the income statement, the cash flow statement, the profit and loss, and to evaluate […]

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How to Measure PMO Performance?

•measuring PMO performance is crucial for ensuring effective project management and achieving strategic goals. •By focusing on key performance indicators, data collection and analysis, reporting and communication, benchmarking, benefits realization, continuous improvement, addressing challenges, and leveraging the best used KPIs for PMO performance, organizations can enhance their PMO’s performance and deliver better project outcomes. Read the details in the below documents

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AI and New Construction Technologies

AI and new construction technologies are transforming the industry, driving improvements in productivity, efficiency, and sustainability. By leveraging robotics, drones, 3D printing, BIM, IoT, AR/VR, AI/ML, sustainable practices, and smart home technologies, construction projects can be executed with greater precision, cost-effectiveness, and environmental responsibility. Embracing these technologies and staying updated with the latest advancements will help organizations thrive in the era of AI and new construction technologies. Read more in the document below

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

Agenda Contents Introduction. 2 Understanding the scope of works. 2 The Fraud Scenarios in Change Orders. 3 Conclusion. 5   Introduction Fraud and misconduct in construction have become a pervasive problem globally, with up to $5 trillion expected to be lost to corruption by 2030. 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 […]

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How Big Things Get Done Book Review, Part 1 The Failure.

Understanding history is crucial for achieving success in the future, particularly when accompanied by comprehensive data analysis. This concept is effectively conveyed in the book “How Big Things Get Done” authored by Prof. Bent Flyvbjerg and Dan Gardner. The book offers valuable insights based on years of experience and digs into the analysis of project data spanning to decades of years after delivery which gives us the full story of the project benefits real outcome. Upon reading the book I […]

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Why We Fail to Deliver Projects on Time and Budget?

In 2013, global investment in energy, infrastructure, mining, and real-estate-related projects was estimated about $6 trillion. By 2030, that could be $13 trillion, according to McKinsey research published on 2017. The same research estimates that 98 percent of megaprojects suffer cost overruns of more than 30 percent; 77 percent are at least 40 percent late. Considering any megaproject budgeted billions of USD, the cost of the overrun is $300 million per one billion. In a sample business case, any effort […]

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Do You Apply The Right PPMO Methodology?

In today’s market challenges, many organizations adopt a shared resources concept with the belief that they are employing project portfolio management (PPM) offices. However, this belief is a fallacy that often starts when they consider shared resources as the critical component of PPM. This misconception is harmful to the organization’s productivity, leading to a backlog, unclear policies for service and project demands inclusion in the portfolio, resource depletion, and ineffective management of projects. To determine if your organization suffers from […]

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How Old Are You In The PPMO Maturity?

How old are you in the PPMO maturity?  The integration maturity of Project Portfolio Processes with Business Processes is the core of a successful PPMO to achieve the business goals of selection the right projects and delivering the projects according to its established goals. This article is a an important to read to understand the organisation maturity to manage expectations and to do the right implementation planning.  This article is discussing , the project portfolio management office (PPMO) maturity levels […]

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Are You Ready For The New Construction Technology Disruption?

I was privileged to be invited to two important innovation events happened on the same day which I tried to divide my time between both of them. Because the subject and the type of participants on both. They are linked because they are about new solutions and innovations. Let me say that getting knowledge about new trends and innovations opens new prospective always in my mind on how I think and how I adopt new business models. The challenge of […]

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VAT And Construction, How To Manage Your Proposals and Invoices?

In a tough competitive low pricing market like UAE and KSA, introducing VAT put another challenge to many companies on how to price VAT in their submitted bids/tenders/quotations/invoices? These dilemma in what they include in their bid (or not) pushed some of them in this month to just add 5% on top of their prices as a safe step for them. For example one million contract, it adds 50,000 which might be the difference to lose a bid/tender/quotation in tough […]

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Carillion Collapse What Went Wrong ?

UK Construction giant Carillion, the second largest construction company with 200 years’ work experience (19,000 employee in UK with 49,000 in all over the world) announced on 15th Jan 2018, that it has to enter into compulsory liquidation with immediate effect after they couldn’t secure a dial with government and banks to cover their £1.5 billion debt pile. The negative impact of the news is not only to their shareholders, current employees, and previous employees (on their pension payments), it […]

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What Went Wrong?

One of the most difficult situations is when a decision maker faces the three Ws (WWW) What Went Wrong? The situation becomes more devastating for the investors who invested billions. One example of this is one of the world’s biggest mining company who had put one of their big assets in USA up for sale in October 2014 after a slump in oil prices. The company bought the assets from Chesapeake Energy Corp. in 2011 for $4.75 billion but was […]

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Do You Find It Difficult To Get Your Organisation Financial Report?

Many organizations growing very fast. They expand their business year after year using the same systems they started with until they find difficulties to report where they stand financially. They wake up with the fact that there is no proper records not just to use internally but more importantly to provide for shareholders and auditors as credible reports. The finance department panics before every due report date to collect the needed data from the different departments. It becomes big headache […]

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Retaining the Know How?

Availability of key skills comes on number 8 for business threat which makes US CEOs extremely concerned about in their organisation strategic planning (PWC 20th CEO Global Survey Report – Jan 2017). The picture becomes more concerning when another survey in USA released on 9th Feb 2017 by Willis Towers Watson research reveals that almost half of employees think they would need to change companies to advance their career. This is a high trend from 2014 Willis Towers Watson research […]

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The Importance of Choosing the Right PM Software

We read very limited news about a structure failure. However, we hear a lot about project time and budget overrun. Which I consider it a project planning and control design failure. Small number of cases are justified and the remaining are a cause of poor project management and in particular project control management. It is not surprising to know that research is showing that business leaders identify capturing time/costs against projects” as their biggest project management challenge. Moreover, research is […]

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The ZIP Model : Organisation Systems Change and Transformation

The challenge of organisation systems changing (lets call it “transform how we work”) while we are working is always complex and delegate process. The pressure on the staff with no interruption to clients services are key points on the new system transformation. Transfer process must consider normal work pressure to employees to get the buy in from them. In the same time, you can’t involve your clients on the transfer change. You have to isolate their services delivery from the new […]

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