Construction cost reporting

Cost reporting in construction

Construction cost reporting: What you need to know Why is cost reporting in construction important? Construction project success is measured on a number of dimensions, including whether it’s finished on time, the safety outcomes for workers, the environmental outcomes, stakeholder relations – and of course whether the project is finished on budget. Cost reporting in…

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Cost performance index

Cost performance index

Cost performance index: What you need to know about CPI What is cost performance index (CPI)? Cost performance index is one of the key measures associated with earned value management, which is a strategy and process for calculating and understanding project performance. The definition of cost performance index is that it represents the amount of…

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Cost performance index formula

Cost performance index formula

Cost Performance Index Formula: Here’s the right CPI formula What is the cost performance index formula used for? Cost performance index (CPI) is one of the most important earned value management metrics, being a crucial input to many earned value calculations and integral to one of the two core earned value pillars: cost. Project success…

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TCPI formula

TCPI formula – To complete performance index

TCPI Formula: To Complete Performance Index What is the ‘to complete performance index’ or TCPI? TCPI or the to complete performance index is one of the more recent additions to the project management and earned value management arsenal. While new and sometimes confusing to project managers new and old, the concept of TCPI is well…

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Estimate at completion formula

Budget at completion formula

Estimate at completion formula What do we use the estimate at completion formula for? Projects can be very complicated, with hundreds or thousands of moving pieces and interacting forces and parties. Not only this, but many of these forces are acting outside of a company or organisation’s control. Companies in project-based industries like construction, oil…

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Waste tracking

Waste tracking: How to track project waste accurately and efficiently What kind of waste are you producing and managing? Waste is a byproduct of almost every process on Earth, and managing all of that waste in an efficient and effective manner can be difficult – even for the most complex and sophisticated systems and organisms.…

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Delivery docket

Delivery docket

Delivery docket: What to know and how to manage these dockets Delivery docket definition A delivery docket is the formal document which accompanies a shipment or delivery of goods. The delivery docket describes what is being delivered and received, and how much of that thing (quantity) is included in this delivery. A delivery docket enables…

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Safe work method statement

Safety – Safe work method statement

Safe Work Method Statement: Everything you need to know about SWMS JUMP TO SECTION SWMS definition The purpose of a safe work method statement When is a safe work method statement required? Elements of a safe work method statement How to improve your safe work method statement procedure The limitations of SWMS Safe work method…

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Construction site risks

Construction site risks

Construction site risks About construction site risks Construction sites are some of the most dangerous workplaces on the plant, with thousands of injuries and too many fatalities taking place every year. Construction sites are inherently dangerous places; hundreds of moving pieces, large machinery and equipment, power tools, open trenches and many many more hazards are…

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Example of a safe work method statement

Example safe work method statement

Example Safe Work Method Statement (SWMS) – Use or copy these examples Is there one true example of a safe work method statement? When thinking about creating a new SWMS or updating our old one, one of our first thoughts is whether or not we have the right formatting, framework and all of the necessary…

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