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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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. […]
“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 […]
