How to Apply Project
Management Techniques in EPC Projects
A well managed EPC
project in oil and gas industry results in higher efficiency and better
productivity.
Project management can become the make–it–or–break–it–factor for
engineering ventures, experts agree. While tight schedules and limited budgets
put pressure on all EPC ventures, adapting the right strategy can help to make
your project a success.
The word ‘Project’ can be used to describe an endeavor in which a
number of tasks is performed to accomplish a particular aim. Projects are
usually undertaken to achieve business objectives such as engineering,
mechanical/construction services or research for new product development. This
article talks about Engineering, Procurement and Construction (EPC) Projects in
India and how the organizations are executing these projects using modern
techniques and effective management.
Today managing projects in short periods within tight budgets has
become the focus. Managing a project is quite different from managing a steady
state organization: While projects have a distinct life cycle — a beginning and an end — a steady state
organization runs continuously. Effective project management therefore requires
a clear concept and an efficient project group within the organization. Most
important are compatibility in interpersonal relations and clarity in mutual
understanding and communication. All involved individuals must clearly know
their responsibilities and what is expected from them. When seamlessly
integrated, the collective expertise, experience and working systems can vastly
add to the efficiency.
Transform you Needs into an Actual
Project
Transforming the business needs into a physical set requires the
effectiveness of a series of processes, tools and techniques, and most of all,
skills and experience. Together, these culminate into what is called World
Class Project Management (WCPM). This requirement starts with the early
identification of opportunities and business drivers and evolves into planning
and execution. The first step in the process is to define the situation and
determine the desired outcome. Once the situation is defined, the team leader
sets the roles and responsibilities of all involved. Each team member has an
established role and is held accountable for execution, while following rules
and regulations. This takes much of the guesswork out of executing the plan and
establishes efficient and effective method to manage a project regardless of
the time constraints.
3D Modelling and Visualization in
Project Management
The detailed engineering of the project requires cutting-edge
plant simulation and design systems. Typical 3D model software such as Plant
Design Management System (PDMS) help to design the plant taking into account
the bill of material of the components and orientation of the equipment to
prevent fouling or inadequacy of space. A typical 3D model is shown in figure
1. This reduces cost of re-engineering and modification costs as the
orientation of the equipment in the available plot area can be visualized
online and remedial action can be taken at the time of equipment fabrication.
| Author / Editor:
Deepak Makhijani / Dominik Stephan
http://www.process-worldwide.com/how-to-apply-project-management-techniques-in-epc-projects-a-410441/?cmp=nl-206&uuid=6BC6FC76-6995-4943-96C5347D1063A36D
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