Technip Energies, a world-leading French Engineering & Technology company for the energy transition, was looking to increase predictability and visibility into project performance to mitigate the challenging economic environment. The Technip Energies management team envisioned a future where they could create a single, data-driven enterprise solution across different departments. Such a solution would handle the […]
COVID-19’s Impact on Projects and Factors of Successful Recovery
January 19th, 2022
Hexagon conducted a survey in partnership with PMI’s ProjectManagement.com to identify high-performing organizational behaviors that can help improve project outcomes. After just one week, the survey gleaned over 800 responses primarily from project professionals working in the Construction, Architecture, Engineering, or IT industry. While sifting through the responses, we measured the performance of the organizations […]
Is the Enigma of Schedule and Cost Management Finally About to be Solved?
September 24th, 2021
For many decades, schedule and cost structuration methods have been used extensively on major construction projects. These methods have improved over time with the evolution of tools and lessons learned from the field. Nevertheless, every time I try to make schedule and cost really work together, I encounter problems that are generally unsolvable, particularly how to judiciously correlate a work breakdown structure (WBS) supporting a schedule and a cost breakdown […]
4 Reasons Why You Need Project Controls Software
July 28th, 2021
Most project performance professionals will recognize this scenario: you are well into your project, and someone asks for the latest status update. You now contact different team members to get the latest information on actuals, forecasts, schedules and budgets and spend hours collating the information together. By the time it lands in the inbox of […]
Why Smaller Projects Need a Single Source of Truth and Where to Start
June 24th, 2021
We’ve all heard the statistics of the world’s biggest construction delays. According to McKinsey, large projects typically end up to 80%(!) over budget and take 20% longer than expected to finish. However, it’s not only the biggest companies that struggle with controlling costs, visibility into performance, or choosing the right projects. The small to medium-sized […]
Why Enterprise Project Performance Matters for Executives
May 12th, 2021
Project performance, at its core, should be a straightforward process: you create, implement, and manage projects that contribute to the performance of your organization and its strategy. Sounds simple, but it is often more difficult in real-life. Add the COVID-19 pandemic to the already complex nature of capital project management, and 2021 is looking like […]