Search results
Results from the WOW.Com Content Network
Business activity monitoring (BAM) is a category of software intended for use in monitoring and tracking business activities. BAM is a term introduced by Gartner, Inc. , referring to the collection, analysis, and presentation of real-time information about activities within organizations , including those involving customers and partners.
In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are established, they should influence all decisions made by other people involved in the project– for example, project managers, designers, contractors and subcontractors.
Monitoring project progress and health by monitoring the consumption rate of the buffers rather than individual task performance to schedule. CCPM planning aggregates the large amounts of safety time added to tasks within a project into the buffers—to protect the due-date performance and avoid wasting this safety time through bad multitasking ...
The critical path method (CPM), or critical path analysis (CPA), is an algorithm for scheduling a set of project activities. [1] A critical path is determined by identifying the longest stretch of dependent activities and measuring the time [ 2 ] required to complete them from start to finish.
CMD said the new name is a nod to the company's original name: Construction Market Data. The new brand includes an updated logo and website. [3] The company tracks data on hundreds of thousands of projects per year, providing coverage of construction projects in both the United States and Canada. The company provides monthly analysis and data ...
The construction project manager is sometimes referred to as an "Owner's Representative." The CM's role is to represent the interests of the Owner throughout the various phases of a project beginning as early as feasibility studies and conceptual planning of the project. Construction Managers help to inform good decision making on behalf of the ...
DMAIC or define, measure, analyze, improve and control [1] (pronounced dÉ™-MAY-ick) refers to a data-driven improvement cycle used for optimizing and stabilizing business processes and designs. The DMAIC improvement cycle is the core tool used to drive Six Sigma projects. However, DMAIC is not exclusive to Six Sigma and can be used as the ...
Integrated Project Delivery seeks to involve all participants (people, systems, business structures and practices) through all phases of design, fabrication, and construction, with the goal of improving project efficiency and reducing "waste" in project delivery (i.e. any processes that do no directly add value to the final product).