Among the economic risks associated with any construction project, payment risk looms large. Money is the lifeblood of construction, and the withholding of payment can doom a project to failure. Industry participants employ a battery of tools to manage payment risk, first among them the construction contract itself.
A Project Engineer is, in some cases, the same as a project manager. Project Engineers are considered to be Project Managers but with engineering qualifications.
Quality control in construction typically involves insuring compliance with minimum standards of material and workmanship in order to insure the performance of the facility according to the design.
Why project scheduling is the art? If it were a science then every project would be delivered on time! In truth, the art of scheduling is based on experience and the more experience you have, the more accurate your schedule will be. However, you can still produce an accurate schedule by following some simple rules.
