Blog
Read about projects, engineering & construction, and more...
Analogy between such hard-fought Cricket matches and fast track Construction Projects
Here in Wrench we’re passionate about cricket and construction project management, and the day after India’s emphatic win over Australia in the recent test series and the enthusiastic conversations that followed about how the team…
- 25 Jan 2021
Four steps to establish data driven claims management
The best way to manage claims is to prevent them, and the second-best way is to manage them quickly. Easier said than done. In this blog post I will delve a little into these two…
- 22 Jan 2021
Minimizing cost and time overruns with construction project management software
In 2021, as businesses continue to digitize operations with a vengeance, the question arises: what sort of opportunity does this ‘enforced digitization’ offer to companies struggling with cost and time overruns in project management? Daniel,…
- 20 Jan 2021
7 construction-friendly features that could turn an Engineering Document Management System (EDMS) into a competitive business advantage
Why you need a construction-aligned EDMS. An Engineering Document Management System (EDMS) is a software that tracks, manages and stores digital documents, usually online or in ‘the cloud’ and usually with remote access via cell…
- 21 Dec 2020
Project Management And Project Delays: The Imperfect Pair!
“Delays are inevitable and there’s nothing much I can do about it! “, retorted my Project Manager. It was a tough day that started off with a typical Client meeting. They insisted on contractor adherence…
- 10 Nov 2020
Introduction to Advanced Work Packaging (AWP)
What is Advanced Work Packaging? Advanced Work Packaging (AWP), which is also known as construction driven planning is the term coined by Construction Industry Institute (CII). AWP is about organizing pre-construction phases in order to…
- 05 Nov 2020
Implementing Agile Project Management in Engineering Projects
A quick look at the Top 3 global project management trends A project’s success criteria is being determined by ROI and ROCE rather than the traditional three-factor approach of Time, Cost and Scope. Projects are…
- 13 Sep 2020
Cash Flow Risk Factors in Construction Projects That Can Be Minimized with Technology | Part 2
In the previous blog post in this series, we talked about how the risk of delayed conditional payments can be minimized with better documentation management. Here we will focus on how an early-warning system can…
- 24 Aug 2020
Cash Flow Risk Factors in Construction Projects That Can Be Minimized with Technology | Part 1
A construction contractor needs to aggressively manage the amount of cash coming in and going out i.e. he needs to balance cash receipts and payments. When a contractor loses control of his cashflow and has…
- 12 Aug 2020
Achieving Project milestones faster with Agile
EPC project companies operate with profit margins to the tune of 6 to 7% where as around 12% of the payments fall into the category of retention. The ability to claim the retention payments and…
- 29 Jun 2020
