Managing Risk and Value Risk and value management are strongly connected with each other because enhancing value for client also means ensuring that risk is minimized or at least planned and managed. An intention to produce best value for the client must be implemented by identifying and managing risk. The main objectives are: Consider the …
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Project Manager Skills and Functions Skills required for Project Manager A project manager is a person who has the overall responsibility for the successful initiation, planning, design, execution, monitoring, controlling and closure of a project. Construction, petrochemical, architecture, information technology and many different industries that produce products and services use this job title. Project management …
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10 Things You Need To Know About FIDIC ( Contract and Clause ). What does ” FIDIC” stand for ?. Fédération Internationale Des Ingénieurs – Conseils (from French, the International Federation of Consulting Engineers) What is The history of FIDIC ?. Founded in 1913 by three countries, each wholly or partly francophone, specifically Belgium, France and …
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What is the difference between Management Contracting and Construction Management. Management Contracting Management contracting is appropriate for large scale projects requiring an early start on site. The design is undertaken on behalf of the employer and this procurement route is ideal where work needs to be started before the design on the project is completed. …
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