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ZALBASIREPPM Sustainability Commitment

As part of our commitment to develop PMOs aligned with the sustainability goals, we provide this commitment as a reference during our PMO implementation planning.
This commitment outlines our company’s commitment to sustainability in developing a big development destination. We recognize that development and construction have the potential to create positive economic, social, and environmental impacts, but also has the potential to cause negative impacts if not managed sustainably. Our goal is to implement PMOs while considering preserving natural resources, supporting local communities, and minimizing negative impacts on the environment. In this commitment, we outline our strategies and plans for achieving this goal.

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Root Causes of Cost Overrun Risk And How To Mitigate it

Cost overrun is a common problem in project management that can significantly impact project success. It occurs when the actual costs of a project exceed the budgeted costs, resulting in delays, quality issues, and decreased stakeholder satisfaction. There are various root causes of cost overrun, including poor planning and estimation, scope creep, inadequate resource management, ineffective risk management, and vendor management issues.

To mitigate the risk of cost overrun, project managers must take proactive steps to address the root causes of the problem. This includes developing comprehensive project plans, managing scope carefully, utilizing resources effectively, identifying and mitigating project risks, and managing vendor relationships effectively. By addressing these root causes, project managers can ensure that projects are completed on time and within budget, to the desired quality standards and stakeholder satisfaction.

In this eBook, we will explore in detail the root causes of cost overrun in projects and provide practical solutions to mitigate them. We will discuss how project managers can develop effective project plans, monitor and manage scope carefully, allocate resources effectively, identify and mitigate project risks, and manage vendor relationships efficiently. By implementing these strategies, project managers can minimize the risk of cost overrun and increase the likelihood of project success.

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Root Causes of Cost Overrun Risk And How To Mitigate it Download

Project Cost Estimate and Project Budget Estimate Explained

Cost estimate and budget estimate are critical aspects of project management that help organizations to plan, control, and monitor project expenses. In this eBook we explain the differences and the the processes involve to generate both in the project life cycle.

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Project Cost Estimate and Project Budget Estimate Explained Download

Maximizing Efficiency and Value Creation in the Construction Industry: A Guide to PMO and Portfolio Management Implementation

Is a 10M project estimation is similar to the statement 10M budget for the project? Let’s discuss it.

In project management, we use both cost estimate and budget estimate in our terminologies. They are both important tools for financial planning and control. They are used to estimate, control, and manage project spending, but they serve different purposes.

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A Guide to PMO and Portfolio Management Implementation Download

Change Orders: A Gateway to Construction Fraud and Misconduct

Fraud and misconduct in construction have become a pervasive problem globally, with up to $5 trillion expected to be lost to corruption by 2030. One of the areas where these illicit activities often occur is during the change order process, where individuals on the client side collude with contractors to engage in fraudulent practices. The aim of this article is to highlight the gaps in which change orders can be used as a cover for misconduct and fraud, and to underscore the need for proper governance and processes to mitigate these risks.