Top Construction Project Challenges:
1. Cost Overruns: Due to inaccurate estimates and scope changes.
2. Schedule Delays: Caused by weather, material delays, and labor shortages.
3. Labor Shortages: Lead to delays and higher costs.
4. Design Errors: Result in rework and increased costs.
5. Regulatory Issues: Cause delays and legal complications.
6. Safety Risks: Lead to injuries and project delays.
7. Environmental Concerns: Require redesigns and delay projects.
8. Supply Chain Disruptions: Delay projects and raise costs.
9. Stakeholder Conflicts: Lead to disputes and delays.
10. Technology Integration: Resistance causes inefficiencies.
11. Risk Management: Poor planning leads to project failures.
12. Quality Control: Results in rework and legal issues.
13. Scope Creep: Causes budget overruns and delays.
14. Communication Breakdown: Leads to mistakes and conflicts.
15. Financial Management: Poor cash flow causes project stoppages.
- Mitigation: Effective planning, communication, risk management, and quality control are essential.
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Image reconstruction from human brain waves in real time
Controlling a video game with your mind isn't just science fiction - Marketplace
Neural Prosthesis Uses Brain Activity to Decode Speech - Neuroscience News
Snap buys brain-computer interface startup for future AR glasses - The Verge
"Snap said on Wednesday that it has acquired NextMind, the Paris-based neurotech startup behind a headband that lets the wearer control aspects of a computer — like aiming a gun in a video game or unlocking the lock screen of an iPad — with their thoughts. The idea is that NextMind’s technology will eventually be incorporated into future versions of Snap’s Spectacles AR glasses."
“We use your top-down attention as a controller. So when you focalize differentially toward something, you then generate an [intention] of doing so. We don’t decode the intention per se, but we decode the output of the intention.”
Stanford Researchers Develop An Incredible Brain-Computer Interface (BCI) System That Can Convert Speech-Related Neural Activity Into Text At 62 Words Per Minute - MarkTechPost
Brain Computer Interface Company Implants New Type of Device - Bloomberg
"Synchron, the startup behind the technology, has already implanted its devices in four patients in Australia, who haven’t experienced side effects and have been able to carry out such tasks as sending WhatsApp messages and making online purchases."
Diversification strategy can kick-start a struggling business, or it can further extend the success of already highly profitable companies.
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20 Most Crucial Real Estate Statistics in 2023
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Lenders may be poised to benefit from rising rates and a good economy, but investors should also keep a close eye on Washington next year. source https://www.wsj.com/articles/feds-regulatory-agenda-could-be-swing-factor-for-bank-stocks-11640186625?mod=rss_markets_main
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“Solving a problem is hard enough; it gets that much harder if you’ve decided beforehand it can’t be done”
Steven D. Levitt & Stephen J. Dubner
Each morning at my child’s bus stop, there is a foolproof route to say that the school bus is about to arrive: when you see a group of children running towards the bus stop from the park, you know that the faithful yellow hardtop is on his way.
Is this child’s game or strategy? I would say tactical because here the experience showed that these children just have enough time to go from the park to the bus stop once they saw the school bus arriving towards the bus stop. What has this to do with the forecast of cash flow.
If you pay attention to how and when the cash is flowing in and out of your business, you’ll never miss the bus. Or at least, you’ll have a pretty solid idea when the bus is to arrive, if it’s running late or if you’ll need any alternate transportation.
And if you pay attention to your business cash flow whether it’s flowing in or out, you will never gonna miss the bus. Forecasting your cash helps you anticipate cash gaps well in advance.
Here’s why there is a need for cash flow forecasting for every business:
A healthy cash flow forecast data helps you find the cash gaps of your business far in advance and allow you to take action. That means you can take necessary actions like negotiations over credit rates, credit control systems, etc.
‘Forewarned is forearmed’
Cash flow forecasting gives you a clear picture of your business cash positions. This means you might have to use online lending tools like Fundera, Fundbox, etc to fill cash flow gaps.
Growing businesses need to notice and take advantage of a cash surplus. With money in your hands, you always have the opportunity to invest in the right way to grow your business.
With a cash flow forecasting app, you will know about when, where, and how much to reinvest to run your business. Adopting the right forecasting method in your business financial forecasting model, you will always be heading to increase your business at a safe and healthy pace.
By adopting cash flow forecasting tools, fintech accountants can integrate cash flow forecasts with their existing financial model and help business clients stay up-to-date on their upcoming, due, or past-due payments. These technologies add value to the fintech’s solutions and allow business clients to spend more time on their platform instead of looking to external apps for cash flow forecasting, management, and planning.
What were some of the biggest challenges during the construction of the Burj Khalifa?
The construction of the Burj Khalifa, the world's tallest building, faced several challenges:
1. Height: The 828-meter height of the building presented challenges in terms of design and engineering, as well as safety and logistics.
2. Wind: The tower's height and location in a desert environment meant it was exposed to strong winds, which required special design considerations to ensure stability.
3. Soil conditions: The building site was located on soft soil, which required a deep foundation system and piling to provide adequate support.
4. Water scarcity: The building site was in a desert area with limited access to water, making it challenging to provide enough water for concrete mixing and other construction needs.
5. Schedule: The construction of the Burj Khalifa was completed in a relatively short period of time, which required careful planning and coordination to ensure the project stayed on track.
6. Cost: The high cost of materials and labor, as well as the complex construction techniques required for such a tall building, made the construction of the Burj Khalifa a challenging and expensive endeavor.
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@ihoneynika @sophygoldie @elizabellux @kiralovelyy
PMO "Project Management Office" | Honor’s degree BSc Mech. Eng. | CPEng, CPMOP, CKPIP, PCBA, TOT, CT, SCE, ABET, GSDC, ULI، NSPE, ICSC
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