Tag: project delivery

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.

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.

Project Management within Industries and Sectors

Source: Project Management within Industries and Sectors

Working in Project management is a multi-industry skill. Today, thanks to standardization of project management methodologies along with software, can make industry switching almost seamless for a project manager. Regardless of the industry, most project managers would say that sourcing and building a strong team provides a strong platform for the delivery of the project.

Most industries would require the manager to build a collaborative approach to a project, where the team of people with the right skills are given the trust to deliver in their given area of expertise within the project. As a project manager within your industry you need to have the mechanism in place to listen to your team, capture comments and respond to suggestions that will make the project run more smoothly or successfully.

The Construction Project Management Industry.  Construction project management ranges from large scale, commercial construction projects to infrastructure projects and retail or domestic building projects. In fact, the construction industry is regularly referred to as the king of project-driven industries. For a project manager, the roles with the construction industry have similarities usually centred around specific goals (building costs/time, new office building, bridge construction, rail or road developments etc.), project measurability, time constraints and cost achievements.

Due to the result or outcome focused nature of the construction industry, it has one of the highest requirements for skilled project managers when compared to some other industries. A construction project manager can expect exposure to all aspects of project management, including health and safety, document control, risk assessment, contract admin, time and resource management, procurement, supply chain management, quality management and financial milestones, etc. Also, lean construction and the various lean tools that can be used within a construction project can be the responsibility of the project manager to ensure that resources are being used effectively.

These roles often require a high rate of technical and software competence within the construction industry including PMBOK. This has made project management a premium and attractive field for anyone with the requisite skills. With the global upturn in construction activity, there is a constant need for project managers.

The Oil and Gas Project Management Industry. The digital world we live in today is still energy driven. From the Internet to the houses we live in, electric or fuel powered cars and the office buildings millions of people work in are powered by one source of energy or another. The energy industry, which is dominated by the production of oil and gas is one of the largest industries in the world today.

Due to the nature and cost of producing this energy source, there are many large-scale projects to be delivered so experienced qualified project managers across the various sectors of the oil and gas industry are in demand.  According to industry figures, there can be over 20,000 vacancies for project managers in the oil and gas sector across the globe. These roles are available due to the demand for constant innovation, minimizing the impact on the environment, the use of more eco-friendly methods, financial and cost restraints plus a more efficient supply chain.

The oil and gas sector boasts of being one of the most financially rewarding industries for a project manager.

Project Management Controls

The term “project management” has a wide and varied meaning, depending on what role different people or organizations play. Whereas the term “project control” has a more definitive meaning around how the project manager controls deviations from the original project plan.

In project language, Project controls is the ability to gather data which is then used to analyze, predict, understand and influence the timing and costings of a project. The data and information is communicated in a format (usually software) that assists in the effective management and decision making process by the project team.

At RaptorPM, project management delivery is at the core of our business, and our primary goal is delivering solutions that meets the needs of our customers during every stage of the construction process.

 We understand that your enterprise invests heavily in projects every year – investments that begin at the research phase, proceeding to investment in resources, in time and of course fiscal investment. These project investments are the engines of change driving your business towards your business vision, accomplishing your strategy. It is fundamental to business strategic success therefore – and financial success too – that these engines are finely tuned. Projects demand rigorous and stable project controls in place in order to run smoothly, on schedule and on budget. Every enterprise works hard to maximize their return on investment. RaptorPM has proven to be a key differentiator, elevating return on investment for enterprises everywhere that reap abundant benefits from an impressive array of project control features designed by industry professionals for industry professionals.

 Raptor’s dynamic project management and project control platform provides a single powerful modular portal for all PM tasks and enhances project managers everywhere by assimilating detailed project data and equipping PMs with insightful tools and in-depth reports. In addition, Raptor’s robust solution automates key functions and processes to assist coordination of important tasks, giving more productive time back to the PM. Your organization can choose one or more of several modules from our suite of modules designed to hone in and focus on delivering cost benefit for up five major phases within the project control life-cycle.

 Your organization requires the most cost effective solution geared for high performance. These days using spreadsheets and various disjointed unintegrated software to manage projects is just not efficient or effective; in fact, it tends to cost more money through wasted or duplicated effort, delays due to poor communication and no foresight of slippage along with constrained reporting across too many sources of data. Too many enterprises inadvertently sacrifice performance, efficiency and overall success by using tools that are just not up to the job.

 Raptors Project Management platform sets you up for success with the comprehensive tracking of schedules, tasks, costs, resources and a diverse range of project variables. It can create Work Breakdown Structures and measure their delivery, with a specialized slippage view to run models and see revised timelines based on various scenarios that can be manipulated. The platform is broken down into standalone functions: Estimation, Risk Management, Quality and Safety, Scheduling Interface, Work Flow and Reporting.

Some of the benefits our many clients have been reporting are:

  • Scope management workflows processing complex requirements into logical work breakdown structures components assists businesses in realistic and pragmatic scheduling.

  • Configuring estimation processes according to your estimation model and adjust to user norms means more reliable estimates and less contingency budget being required.

  • Compiling and consolidating risk assessments and identifying phases of higher risk directs influences the validity of the schedule and improves communication.

  • Increase cross-functional communication within your organization by sharing relevant data with automated notifications and reminders as well as detailed reporting.

  • Projects have increased protection from schedule blowouts by syncing the estimation model with safety models and risk assessments.

  • Ability to track man-hours and schedule against a baseline, verify impacts of change against the scope or timeline, avoid duplicate work and be able to model resource requirements against the schedule.

  • Leverage your data assets to provide customized detailed reporting.

 Raptors multi-arm project control platform is a cloud-based software as a service (SaaS) offering, enabling you to save on infrastructure costs, data center rental costs and resource expenses to handle performance and monitoring, all the while maintaining full browser-based access to your data regardless of whether you are working at your office or at a client site.

 With such a powerful project control system waiting to keep your projects directed to success, Raptor Project Control could be working for your project managers today to realize the value of your investment in projects from the short to the long term.