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Common misconceptions about cost engineering
Not everyone is familiar with cost engineering in the field of project controls. In the project team around you probably everyone has their own idea of how to assign costs and control the project. Let’s get some common misconceptions about cost engineering out of the way. Running a household is…
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Determining productivity factors in Project Cost Management
Project costs are derived from the required resources needed to complete the objective, which might be anything from constructing a new facility to replacing parts to comply with new safety requirements. The resources involved can be classified as time, money, labor, and materials. For a cost engineer, often labour proves…
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Monitoring ROI during projects - Beware the Concorde Fallacy
The Concorde airliner project was a revolutionary international collaboration in the 1960s between the French aerospace manufacturer Aérospatiale and the British Aircraft Corporation. The team was able to design and manufacture a Supersonic passenger jet. A total of twenty aircraft were built, including six prototypes and development aircraft. It had…
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Capturing the value of Integrated Project Controls
Advancement in technologies, increased communication capabilities and connectivity of devices provide a great opportunity to control technical projects smartly and more efficiently. However, not every company has bridged the digital gap. The common ways of controlling projects still lead to huge cost overruns and schedule delays. What exactly do project…
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Become one of the speakers at ICEC World Congress 2022
After Milan (2014), Rio de Janiero (2016), and Sydney (2018) the biannual ICEC World Congress will return to Rotterdam in The Netherlands from June 12 – 15, 2022 as a hybrid event. Cleopatra Enterprise is supporting the event as Platinum Sponsor. You can also contribute to the event by sharing your…
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Join Cleopatra Enterprise at Project Controls Expo UK 2021
This year marks the 10th anniversary of the Project Controls Expo UK. We’re proud to celebrate this moment as a gold partner of the event. From 15 to 16 November, the event enables you to expand your knowledge in multiple areas of Project Controls. We are finally able to meet…
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Integration between cost estimation and cost control
More often than not cost estimation and cost control are performed by separate divisions of companies or even outsourced to different company’s altogether. In and of itself this does not have to be a problem. However if you integrate these departments or promote the interaction between these parties many benefits…
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Cost Management explained in 4 steps
Cost management focuses on finding the right project and carrying it out correctly. It includes activities like planning, estimating, budgeting, financing, funding, managing, controlling, and benchmarking costs to ensure timely project completion within the approved budget and enhance project performance over time. Cost management covers the entire project life cycle,…
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The added value of project controls software
Although the era of managing project costs with actual pen and paper is definitely over, many organizations might still be using tools like Microsoft Excel to control the costs of their projects. If these are small projects, with limited (financial) risks and just a few resources, that’s fine. No need…
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Join us at Project Controls Expo Virtual 2021
We’re proud that Cleopatra Enterprise is a platinum partner of the Project Controls Expo Virtual 2021. From 14 to 16 September, the virtual conference platform allows you to expand your knowledge in multiple areas of Project Controls. The event contains a variety of presentations delivered by industry thought leaders on…
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