Panic sets in一you’re reviewing a project budget and realizing there is far too little money allotted for the work left. Sadly, this is a common occurrence. At least 85 percent of every project is over budget to some degree. Although this may not be as detrimental for small projects, overruns are detrimental on an enterprise […]
Agile Project Management in Capital Projects
December 16th, 2020
An agile project management approach can help facilitate on time and on budget delivery of capital projects. The size and scope of projects, coupled with long project time horizons create many challenges for project teams. But it also plays to the strengths of agile project management. For organizations reliant on large capital projects to drive […]
How Digital Transformation Will Save Power Utilities Projects
December 2nd, 2020
The Power Utilities industry faces an unique series of challenges both now, and as we move into the future. When 2020 began, the Power Utilities industry was already in the middle of a sustained period of change – growing demand, decarbonization initiatives, and the move toward a smart grid. Then, COVID-19 forced a series of […]
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 […]
Essential Project KPIs and the Financial Returns that Love Them
March 18th, 2020
Project KPIs, or Key Performance Indicators, are measurable values that help you evaluate project performance. When executing a project, it is important to develop meaningful KPIs that help ensure projects are delivering intended benefits. This traditionally meant staying within budget and on schedule. But in today’s complex and competitive landscape, KPIs also need to ensure […]
5 Reasons Your Capital Projects Software is Failing You
March 5th, 2020
If you’re reading this blog post, it’s safe to say that you either deliver or invest in capital projects. And if you are involved with capital projects, you’ve most likely experienced cost and schedule overruns and projects that have not delivered intended benefits. In fact, according to the Construction Industry Institute, less than 6% of […]