Construction risks

Construction – Construction risks

Construction risks: The major construction risks you need to worry about now JUMP TO SECTION Risks for construction projects Risks on construction sites Construction industry risks Risks in construction contracts Construction safety risks Construction worker risks Managing and mitigating construction risk About construction risk Construction is one of the most historically risky industries in the…

Read more →
Risk evaluation method

Safety – Risk evaluation methods

Risk evaluation methods What is the ‘best’ risk evaluation method? Risk evaluation is one of the most important parts of project management and of running any business. Every project which is undertaken by a company – whether that be a construction project, specific product production run or anything else – requires the management and mitigation…

Read more →
First article inspection

Quality – First article inspection

First article inspection: What you need to know about FAI What is a first article inspection? A first article inspection (FAI) is one of the most common ways in which product suppliers, manufacturers and buyers assess and evaluate the quality of an initial sample or ‘first article’ against the given specifications and properties of that…

Read more →

Commercial – Project issue management

Project Issue Management What is project issue management? Project issue management is the systematic process a company or project engages in to identify, manage and resolve issues as quickly and effectively as possible. Most issues are inherently unexpected, which is the reason they arise (otherwise you would eliminate the issue at the source), so the…

Read more →
Hierarchy of risk control

Safety – Hierarchy of risk control

Hierarchy of risk control What is the hierarchy of risk control? The hierarchy of risk control (also known as the hierarchy of hazard control) is a system or framework used to minimise, mitigate and eliminate exposure to hazards. The hierarchy is typically referenced and implemented in industrial workplace like manufacturing, construction, oil and gas, mining…

Read more →

Safety – 1 minute safety talks

1 minute safety talks In this article, discover how to effectively deliver 1-minute safety talks, from selecting appropriate topics to involving your audience with concise, actionable messages while providing you with resources for more effective safety talks. The ‘best’ 1 minute safety talks The main point of difference between a 1 minute safety talk and…

Read more →

Finance – S curve example

S-curve examples About S-curve examples The S-curve is a staple tool in a project managers toolbox. For a good general overview of S-curves, and how they are used in construction, read this article. For a quick refresher, an S-curve is simply a graphical display of cumulative quantities plotted over time. These quantities can be for…

Read more →

Finance – Earned value management example

Earned value management examples About earned value management examples These earned value management examples are applicable to almost any project-based company, but the examples are going to focus more heavily on industrial-style companies like construction, oil and gas and mining. While any project-based company can use and benefit from earned value management, it’s these companies…

Read more →
Hazard management

Safety – Hazard management

Hazard management Hazard management definition Before we look at the definition of hazard management, let’s take a step back and define exactly what a hazard is: A hazard is anything (situation, object, equipment) which poses a threat to life, health property or the environment. As you can probably imagine, this means there are a lot…

Read more →
Construction cash flow

Finance – Construction cash flow

Construction cash flow: All about cash flow in construction What is construction cash flow? Cash flow is something which is important to all business. Cash flow for most companies refers to the movement of money into the business (income), and the movement of money out of the business (expenditure) over time. When the company is…

Read more →