Oil and Gas Project Management

Source: Oil and Gas Project Management

Due to environmental, financial and legislative pressures, projects in the oil and gas industry face serious challenges. Oil and Gas production has also become increasingly complex and technologically demanding due to schedules and budgets being tight, safety risk factors and every project faces concerns regarding publicity impacts.

RaptorPM project management software has an established pedigree working with projects in the oil and gas industry allowing project managers of large projects follow a structured, consistent methodology framework that guides their decisions and processes. These frameworks on RaptorPM include:

• Document and Formalize project phases including checkpoints

• Assign accountability to each member within the integrated project team

• Set up dashboard reports for checks and balances between functions and project teams

• 24/7 Ability to continuous measure project status and monitor risk

RaptorPM Features Specific for Oil and Gas Project Management

Easily create decision checkpoints so the project team can review, co-cordinate and decide on project phases completion. To ensure all the project stages remain relevant, the software allows users to continuously revise their stage frameworks to align them with any evolving business conditions.

Every successful project is built on effective decision making. This means the entire project team has to have clear roles and responsibilities, a shared interest in the project’s objectives, and access to the software tools that drives accountability.

RaptorPM works with project managers in areas of staffing, scheduling, defining processes, risk management and ensuring control of every aspect of the project activities. It also has features and dashboards to support the project team’s decisions around the projects’ deliverables.

Guide to Risk Assessment in Construction

Source: A Guide to Risk Assessment in Construction

Construction sites have inherent risks, no matter whether it is a multi story building or a house renovation. Too often a realized risk can cause personal injury. Or, a serious risk not well managed can wipe out a whole company. Construction risk assessment and management is essential to successfully completing each building project.

 

Defining risk

A risk is an event that may or may not happen. Risk is uncertainty of an outcome that can cause construction project issues. No matter what the project, there is a certain amount of unavoidable risk. Risks are not hazards but they are events. Risks can refer to behavior, processes and procedures, and events. You need to decide what level of risk is acceptable in terms of value to the business.

Risks can include events that have:

  • only negative variances or results – referred to as pure risk

  • both negative and positive variances (eg. where there is a risk of loss or gain) – referred to as speculative risk

  • only positive variances and the possibility of gain – these may not always be identified as risks.

Construction is a risky business. It is not possible to avoid all risks. Instead you must meet relevant legislation to manage, monitor, minimize and mitigate risks. For this you need easy to follow processes that help your organization and staff make the right decisions. So, you must complete a risk assessment to calculate the risks.

 Managing construction risks

Managing risks is an important element of all construction projects. It involves completing a risk assessment of all work sites. It is important to assign each risk to the right people to take responsibility. There must be good processes and procedures in place to track and report on major risks.

There are four main aspects to managing construction risks:

  • identifying risks:

·       establish what risks can impact a project including:

·       Occupational. Occupational risks include workers at risk of receiving an injury and possible death because of the actions of others, weather, unforeseen circumstances and procedures.

·       Contractual. Contractual risks include penalties for not meeting milestone deadlines.

·       Project. Project risks include inadequate processes and procedures, project resources and time management.

·       Financial. Financial risks include interest rate rises, economic instability and insufficient funds.

·       Natural. Natural risks include severe weather events, storms, floods and earthquakes.

·       Stakeholder. Stakeholder risks include communication problems, misunderstandings about deliverables and punch lists at the end of a project.

·       create and maintain a risk register.

  • analyzing risks:

    • assess the time and cost effects of each risk if it occurs – consider its probability of occurring and its impact on the project (time delays, cost)

    • consider the likelihood of each risk occurring.

  • responding to risks:

    • involve all team members when assigning ownership of workplace risks

    • address risks before they cause consequences

    • put processes and procedures in place to monitor, manage and mitigate risks

    • reduce the threat of a risk by either removing or minimizing its threat.

  • reviewing risks:

    • review and update risk information during the life of the project

    • review risks to ensure to ensure adequate management of them.

Responding to risks

Once the construction risk assessment is complete, respond to the risks it identified. Construction risks are complex, but are still categorized as follows:

  1. Avoid accepting projects in flood prone areas during the wet season, for example.

  2. Use insurance and contract clauses to transfer risks.

  3. There are always safety hazards on a construction site. You can mitigate these with appropriate training and correct personal protective equipment for staff.

  4. Weather is a risk beyond anyone’s control. Good project management lessens the impact.

Using the right resources to manage risks

Selecting the right resources to help manage risks can help keep projects on track. New methods can eliminate and mitigate risks. Such as using drones to reduce safety hazards and prefabricated modules in buildings to reduce time spent with the building at risk to the weather.

Using the right management software can make managing construction risks easier and less time-consuming. As a construction company grows, it takes on more projects simultaneously. Construction project risk assessment and management software integrates and links into all company projects to keep everyone on track for the life-cycle of each project.

Infrastructure Project Management Solutions

Source: Infrastructure Project Management Solutions

Infrastructure projects can lead not just a company’s economic success but to a whole country’s economic success. These projects provide the opportunity to grow and become more competitive in attracting inward investment and job creation. Infrastructure projects such as airports, railways, roads, highways, power plants, bridges, and buildings should also improve the quality of life for people.

Project-Management-Solutions
image showing industrial project management

However, many infrastructure projects will struggle to meet aggressive delivery dates and can also incur significant cost over-runs. With punitive performance clauses and increased competition, the reality is that margins are shrinking so room for error is tight, very tight.

At RaptorPM, our own research points to the inability to deal with unforeseen changes as one of the biggest threats to the on time and within budget completion of infrastructure projects. This can happen when project management teams cannot see the problems in advance. These problems can be planned for using risk assessment and development scenarios on our software platform.

Project information and how a project manager uses it is critical. Visibility is all empowering to any project team. Combine the two put and a company has a winning formula for successful infrastructure project management. Visibility is also simplicity, to understand, to communicate, to collaborate across the many project strands. This leads to outcomes which takes a complex body of work so it becomes clear, transparent, logical and far more easily controlled. Project stages get completed when they are planned and scheduled, monitored and reported.

Construction Industry Project Management Software

Source: Construction Industry Project Management Software

RaptorPM construction project management software solutions ensure best practices are followed every time, with repeatable, measurable results. RaptorPM has been designed specifically for the construction industry in response to concerns that many of the problems of the construction industry result from the lack of good tools. We provide project managers you with the tools necessary to manage the changing nature of the industry.

Construction Project Management

We understand that Project Management delivery tools are key to a construction company’s success. Working with a global base of project managers, our software allows for 24/7 access to your project’s data, so making it easier to leverage our software when it comes to making strategic choices on a timely basis. RaptorPM gives the entire project team, contractors and workers a single version of the project ensuring everyone is viewing and sharing the same data.

Some benefits of RaptorPM construction project management:
  • Helping project managers improve operational efficiencies and streamline processes

  • Optimize project communications

  • To keep project managers informed and ensure projects stay profitable

  • 24/7 online access to key information which can be easily retrieved

  • Minimize profit margin erosion by plotting scope changes and cost impacts

  • Allows for the integration with financial systems for reporting

  • Well-designed workflows for processing change orders, subcontracts and PO’s

  • Helps the project team to reduce the time spent searching and retrieving documents

  • A software system designed specifically to reflect real world construction workflow and methodologies for well executed. profitable contracts

 Over the years, we have come to the conclusion that Construction, whether commercial, residential or industrial, is an industry that relies heavily on organization. Organization that requires a robust set of software tools because with so many moving parts, organization is the defining quality that separates out profitable construction management companies from the rest.

RaptorPM provides project teams with a level of detail that prevents projects from running over budget through lack of cost control, or from going over time through poorly-timed tasks, inspections or reports. Due to the nature of construction, multiple companies and contractors will need to work together in order to complete even a single task. This is where RaptorPM Construction project management software can serve as the solution for

            Document Tracking and Management

            Bid Management/Submittals

            Jobsite Logs

            Resource and worker scheduling

            Job and time Estimation

            Project collaboration

construction-project-management

User Friendly Project Management Solutions

Our user-friendly interface allows workers with minimal technology exposure to quickly adopt the system, and reduce the time a construction company realizes an ROI. Many of RaptorPM’s clients use our software as a selling point when bidding for client projects. Project managers, sub-contractors and workers can be granted access to RaptorPM to view schedules, contract changes, and document changes.