10/06/2024 Ziad Albasir Annual Budget, Bidding & Tendering, Budget, PPMO, Project Cost Controls, Project Portfolio Management Office

Reporting By Survivorship Bias

#MidYearReport #SurvivorshipBias #SelectionBias #ReportByException #ReportWhatMatters As the mid-year report review for your project’s approaches, consider the type of project reports you are reviewing. Do they include any Survivorship Bias understanding and reporting? Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data. These biases involve a reversed understanding of information, leading to incorrect decisions due to […]

02/06/2024 Ziad Albasir Budget, Business Development, Business Transformation, Cost Control, EPMO, EPPM, Main Pages, PMO, PPMO, Project Cost Controls, Project Portfolio Management Office, Resources Planning

How To Build Successful EPMO?

Are your real estate development ambitions crumbling under the weight of chronic delays and budget overrun? Every missed deadline and overrun, not just eroding your profit margins, but it is turning your strategic goals into dust. Are you ready to control it and stop the risk of failure? Is this the legacy you want to leave as a business leader – a trail of stalled projects and shattered dreams? Do you feel frustrated by EPMO processes that is helpless of […]

13/04/2023 Ziad Albasir Bidding & Tendering, Budget, Business Development, Business Transformation, Cost Control, Project Cost Controls

Change Orders: Where It Can Be a Gateway to Construction Fraud and Misconduct

Agenda Contents Introduction. 2 Understanding the scope of works. 2 The Fraud Scenarios in Change Orders. 3 Conclusion. 5 Introduction 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 […]

11/07/2018 Ziad Albasir Annual Budget, Budget, Cost Control, EPMO, EPPM, Forecast, PMO, Project Cost Controls, Resources Planning, Shared Resources

How to Budget EPMO/EPPM – Part1?

Calculation of the annual forecasted cost for budgeting purposes for EPMO and EPPM is a challenge for many Project Based Organisations (PBO). I am not talking here about contracted defined projects which is easy to forecast. I am talking here about permanent staff, shared staff and non-project cost budgeting. We see this also in pre-construction stage where the development of the project studies and design are on progress. We see this mainly in the client’s side, developers, consultants, project management […]