How To Create an Effective Project Portfolio Management Governance
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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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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 the world’s biggest mining company BHP who had put one of their big assets in USA up for sale in October 2014 after a slump in oil prices. BHP bought the assets from Chesapeake Energy Corp. in 2011 for $4.75 billion but was later forced to cut their […]
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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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