Projects and the Power Industry: The Next Normal

November 17th, 2020

In recent years, the Power Utilities industry has been characterized by change and increasing opportunity. To keep pace, organizations have funneled more investment into capital and operations and maintenance (O&M) projects. In emerging markets, the Power Utilities industry has been experiencing strong demand for several years. Power generators and transmission and distribution companies have done […]


Benefits of Construction Project Portfolio Management

April 13th, 2020

As one of the most capital-intensive industries, the construction sector’s need for establishing effective project management cannot be overstated. According to the 2019 KPMG Global Construction Survey of 223 engineering and construction (E&C) industry experts, innovative leaders (the top 20%) are way ahead in governance and controls. Sixty-nine percent of them have integrated their project […]


13 Best Practices for Contract Management

April 9th, 2020

Contract Management Best Practices

Poor contract management costs companies 9% of their annual revenues. Specifically, once contracts are signed, there is a laid back attitude and a tendency to react to issues late rather than addressing them proactively. On the other hand, having good contract governance practices in place can result in cost savings of 30% to 50%, long-term […]


What is Contract Lifecycle Management (CLM)?

April 3rd, 2020

Most companies, regardless of their size, outsource a significant part of their operations. Yet, contract lifecycle management remains as one of the under-invested disciplines amounting to less than 1% of total spending. Unfortunately, the impact of poor contract governance is huge. For starters, the quantitative impact is estimated at 9% of annual revenues. Additionally, there […]


6 Best Practices for Project Controls

July 31st, 2019

Project controls is a set of tools and processes that help manage projects through measuring, forecasting, and improving project performance. It adds an important dimension to project management by providing a complete system for managing cost and schedule. When these important aspects of a project are under control, it stands to reason that your company […]


How Project Controls Lead to Better Project Performance

July 10th, 2019

How Project Controls Lead to Better Project Performance

Project controls are a group of processes that gather and analyze project data to keep costs and schedules on track. The beauty of project controls is they allow for proactive monitoring of current projects, and alert stakeholders so that timely, corrective actions can be taken.  While controls deliver projects on time and budget, the scope […]