Contract Administration

Contract Administration

The Basic Concepts of Earned Value

In any project, the value to be gained is based on completing the work. From a customer perspective, the business value is achieved when the project is completed. If a project gets canceled 90% through completion, the business value might be zero.

However, earned value looks at this differently. With earned value, you are earning the value of the project on an incremental scale as the project is executing. When 50% of the work is completed, you could say that 50% of the value of the project has been realized as well. …

Contract Administration

Don’t “Shoot the Messenger” that Brings Bad News

You have all heard this saying (or something similar). It means that you should not take retribution against the person (or people) that deliver bad news. If you ask people for a status, accept the good and the bad for what it is – information for you to make better decisions.If you want people to tell you when there are problems, you need to accept the information and work with the team on causes and solutions (hopefully the team member is proposing solutions along with the problem). …

Contract Administration

Stress That Quality is Everyone’s Responsibility

The project manager has overall responsibility for the quality management process. Some projects may also have specific roles for a quality assurance person or for testing experts. However, even if you have specific people who have responsibilities for quality, project quality is not the responsibility of one or two people. It is everyone’s responsibility.All of the team, including the client, has a stake in ensuring that the deliverables produced are of high quality. Everyone is also responsible for surfacing ideas for improvement to the processes used to create the deliverables. …

Contract Administration

Gaining more control to ensure project success

In the first of two articles, Mukund Karnick, senior contracts advisor at Nakheel’s Palm Jebel Ali, discusses when the time is right for clients to take more control over building material selection and use.

In any construction project, the client requires that when the completed project is delivered, they get the exact quality in material and workmanship that was specified when finalising the design of the project. …

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