Factory of Future: Reinventing the Manufacturing Organization

Factories of the Future 4.0 are forward-looking manufacturers who systematically take up the challenges of the fourth industrial revolution. They supply products with high value added and are flexible enough to respond to swiftly changing market demand. This also enables them to continue playing a major role in a dynamic worldwide manufacturing network.   Being open-minded about new business models, Factories of the Future fully embrace digitized production processes. They take care how they carefully  handle energy and materials and maximally exploit the potential of modern production technologies.   Besides technological innovation, social innovation is also high on the agenda, […]

The Role of Technology in Complex Projects Management

Digital technologies empowering business processes.. Does it sound familiar to you? For sure it does.   Every influential market player nowadays structure its budget taking digital tools upgrade into consideration for the sake of further performance optimization. So what are the benefits and expected outcomes of the digital solutions implementation?   Data accumulation and backups. Being the basis for the future project planning, statistical data opens new horizons for the project predictability improvement and increased management responsiveness. Data backups are enhancing project security and ensuring safety of the experience and results obtained.   Consistent connectivity enabling mobility and 24/7 accessibility […]

Statements of Work

A practical guide to getting them right   Writing a Statement of Work (SOW) is one of the most important things that a project manager will have to do, frequently it is the first deliverable that a client sees. It is crucial that your SOW tells the client a story. It starts with the “why”, then moves to the “how” and “what”, followed by the “when”, and “how much”. Everything should be cohesive with a flow so that it is easy to follow. The SOW is not just a “form” that you simply fill in the blanks.   With this […]

Most Project Leaders Need A Paradigm Shift

Current research suggests that over 70% of projects fail to achieve their goals with the three top reasons relating to people; lack of strong leadership, poor understanding of an individual team member’s skills and lack of focus on developing high-performance in the team.   In 2016, I spoke at many project leadership conferences and the first question I asked the audience was “When you get together as a project team, what do you discuss?” Frighteningly, the responses had a marked similarity. Below are the top responses: Budgets, Schedules, Operational Issues, Risks, Service Performance, % of Complaints, Milestones Do you notice […]

Collaboration for Enhanced Performance

The benefits of collaboration within Oil and Gas Industry were described over than a decade ago in the upturn conditions. Needless to say that during the downturn and slowly recovering markets, collaboration between the stakeholders is becoming inevitable.   Delivery of the large and complex projects requires a closer engagement of the operators and contractors. And that’s where the strategic alliances are being formed. Every significant crisis at Oil market was marked by the merging and acquisition processes even at the big-players level so it’s obvious that downturns are boosting the collaboration intensity so the market stakeholders could cope at […]

Project Management – Benefits

The role of Project Management (PM) implementation grows accordingly to the scale of business. Needless to say that in terms of the whole industry sector such as Power Generation PM becomes inevitable. Take a look at the major benefits for the PM implementation: An increase of cost-and-time-efficiency. Most of the business-processes can be standardized and templates-based thus reducing start-up time and shortening learning cycle. Planning and scheduling optimization based on the processes predictability. Predictability is growing through the experience and number of projects completed within the stated time and budget frames. Uninterrupted project delivery cycle being achieved through the thorough planning and control […]

PMO Structure – Design and Application

Lately the main paradigm of the project management in Energy and Utility sectors is going through the great change: Quality-orientation is being replaced by ROI – orientation which is fair for all the spheres of market economy. This global change leads to the collaboration development. Alliance agreements are coming instead of the multi-contracting. Alliance agreements come with the standardized equipment design, reduced prices, reduced lead time and improved Owner-Vendor relationship. However meanwhile multi-contracting still holds a significant share of the market requiring intricate agile approach to management. Project management in Energy and Utility sectors involves large number of small projects […]

Project Management as a Core Competency

“Core competency” is a relatively young term introduced in the frames of economic theory by C. K. Prahalad and Gary Hamel. Core competencies can be described as the tools (skills/resources) helping to establish and ensure the competitive advantage. Utility and Power Generation Industry is going through the slow but undeniable process of transformation. Smart energy is taking over the place of conservative services following lifestyle and technology development. That brings up a need for the new ways such as defining core competencies for existing strategy optimization. The meaning of Project Management still stays underestimated way too often but for Utility and Power […]