In today’s turbulent fast-moving business environment, it is vital that organizations are able to predict the realization of value from their work. One of the most dominant approaches to the generation of value is by using project management to deliver valuable outcomes.
However, many projects significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization’s financial and strategic objectives. Sometimes these failures are magnified due to senior management not being warned of the situation until far too late in project execution. Why? This is due mainly to the failure of many project managers to successfully apply the tools and techniques of modern project planning, monitoring, control and progress reporting on their projects.
Continue reading “Managing Project Control Effectively Supporting Project Delivery”
Engineering and maintenance projects call for complex engineering and business tradeoffs with due regard to compliance with regulatory and code requirements. A sound understanding of the key aspects of project objectives, drivers, constraints, and profitability is crucial for the success of a project. Fast-track schedules demand faster, more accurate technical and economic decisions earlier in the design process, when engineers and business managers least understands project costs. Consequently, many process facilities cost more than they should.
Using the appropriate evaluation techniques and skills, engineering and economic decisions can be reached faster, more accurately, and with greater confidence, avoiding costly project delays and potential rework.
In cases where there is competition for resources between several technically viable projects, cost and schedule factors play a key role in ranking the projects based on their profitability. Similarly, costs and schedules have a major impact on the selection of the most cost effective maintenance option from among several alternatives such as repair/replace or long/short term repairs.
Continue reading “Economic & Technical Evaluations in Engineering & Maintenance Projects”
Successful projects are highly dependent on well-defined and well-understood requirements by all stakeholders and a key measure of project success is stakeholder satisfaction. This includes business/project requirements, process and product requirements and specifications. Investment of time in requirements processes have proven to be key contributors to delivering projects on time and on budget that meet or exceed business requirements.
It seems that many organizations attempt to deal with requirements by using different approaches in discovering and defining them and requirements activities as employed in many organizations today are unstructured, ineffective or simply performed incorrectly.
Continue reading “Managing Business Requirements Using a Project Framework”
In order to be successful managers must have the ability to plan strategically. Developing this competency is a key component of managerial skills enhancement given that effective strategic planning is essential to the future success of any organization. However, most strategic planning is lacking in vision. It is merely a straight-line extrapolation of the past into the future. In a world where the pace of change is greater than ever before this is at best short-sighted and at worst a prescription for disaster.
Real strategic planning is about positioning the organization for a future which will be different from the past.
Continue reading “Strategic Planning & Goal Setting: Setting Business Goals, Targets & Deliverables”
The primary function of every business is to get and keep customers.
Meeting your customer demands is what you do actually for a living. To beat your competitors, you must meet those demands better.
Meeting customer demands is not the name of the game – Exceeding them is!
- Do you exceed your customer’s expectations?
- Do you surprise customers with more than they were expecting from you?
- Do you look for ways that you could be of more service, or for projects that you could help out on?
Successful companies go the extra mile. They stand out from the crowd because of their extra efforts.
America’s Top Sales Trainer and Customer Service Expert, John BOE will be in Dubai to deliver two classic GLOMACS trainings on Customer Service.
Are you willing to go the extra mile?
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