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Project Management Risk – The Real Cost of Value Engineering
Problems stemming from “value engineering” are a common source point in many of our forensic engineering and claims management engagements involving systems, equipment or materials where the actual performance is found to be ‘problematic’ with respect to project expectations. Misunderstandings concerning the purpose and intent of value engineering are often at the heart of the problems we have noted. As a caution, the “value engineering” intent to reduce first costs will almost always succeed in the short term, but may fail to deliver “best value’ in the long term.
Risk Management – Internet of Things
In this edition
- Internet of Things (IoT): Managing Risk and Reward
- Mitch Swann, P.E., Named to Pennsylvania Uniform Construction
- Code Review and Advisory Council
Design Build in Name Only
Where is the critical path? This is one of the questions most often asked concerning schedule analysis. For some types of projects it is easy to anticipate where the critical path should be; for instance in high-rise building construction, the critical path is most likely to be: excavation, foundation, structure, weather enclosure (building envelope), MEP, finish activities.
Convergence of Design & Construction
In this edition
- MDC Offers Engineering Inspection Services Using Drones
- Convergence of Design & Construction: Old Wine in New Bottles