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Archives :: Business & Economics :: Project Management

Displaying 1 - 20 of 36 stories.
January 1, 2014
Have you ever heard someone say, “The job is a lot easier if you have the right tools?” Having the right tools is critical to the success of craftsmen, such as carpenters, electricians, plumbers and the like. The same holds true for managing projects. Initiating a project raises many questions (such as: What will we do? How will we do it? Who will do it? How much will it cost? When will we do...
http://www.che.com/business_and_economics/project_mgmt/Seven-Tools-for-Project-Success_11345.html
October 1, 2013
It is well known that the oil-and-gas, chemical and petrochemical industries are capital intensive. They require sophisticated facilities (plants), the installation of which are typically handled via capital projects that, regardless of size, require significant effort from a number of parties for execution. The investing or operating company is typically called the owner and, for a number of reasons...
http://www.che.com/business_and_economics/project_mgmt/The-Owner-Role-in-Capital-Projects_11072.html
July 1, 2013
For most engineering-procurement-construction (EPC) projects in the chemical process industries (CPI), the data sheets developed at the beginning of the process provide the “shopping lists” that guide the procurement group on the purchase of equipment, system packages, instruments and more. Data sheets should function as the central document, into which all final result of design or...
http://www.che.com/business_and_economics/project_mgmt/Getting-the-Most-Out-of-Data-Sheets_10699.html
February 1, 2013
Research and development (R&D) projects usually require significant time, effort and manpower to become successful. Despite the significant resources spent on R&D projects, only 5–10% of the projects are statistically believed to be successfully commercialized, in terms of both timing and technological advances. Many projects fail because they cannot achieve the desired results on timing of...
http://www.che.com/business_and_economics/project_mgmt/Accelerating-Process-and-Product-Development_10177.html
December 1, 2012
Companies in the chemical process industries (CPI) spend billions of dollars every year on capital projects. Most are successful, yielding the desired results. Some projects are only partially successful (and therefore partial failures), in that they are ultimately completed and work as desired, but only after a budget or schedule overrun. And some projects fail completely, sometimes spectacularly, never...
http://www.che.com/business_and_economics/project_mgmt/Avoiding-Project-Failures_9988.html
August 1, 2012
Arbitrarily, process leads can be categorized into three different sub-categories or levels. Level one process leads are those who directly interact with the client to achieve the results required of the project, and are therefore accountable for any and all mishaps. Additionally, these leads supervise other lead process engineers who in turn supervise a team of their own. In the second level, process...
http://www.che.com/business_and_economics/project_mgmt/Process-Lead-Responsibilities-In-Design-Projects_9555.html
January 1, 2012
Projects have been undertaken by nations, private enterprises and individuals for more years than recorded history. Over the last three decades, project execution in the chemical process industries (CPI) has become almost standardized, with the general adoption of certain well-known project management procedures including the Front-end Loading (FEL) process and the “Body of Knowledge.” Those...
http://www.che.com/business_and_economics/project_mgmt/Ten-Tips-For-Smart-Project-Managers_8835.html
November 9, 2011
LanzaTech (Roselle, Ill.; www.lanzatech.com) has just signed its first commercial customer, marking a milestone in the clean energy technology company’s global development. The customer is Concord Enviro Systems (India) Pvt. Ltd (CES), a Mumbai-based company which has broad ranging investments in various forms of renewable energy. The company’s portfolio of waste-to-energy includes municipal...
http://www.che.com/business_and_economics/project_mgmt/LanzaTech-makes-its-first-commercial-sale_8693.html
November 1, 2011
To stay on budget, major capital projects often call for aggressive schedules. Engineering, procurement and construction (EPC) contractors often end up using work processes that are not part of an established or standard work procedure. This is especially true when it comes to acquiring materials to support the schedule, particularly for critical paths related to the piping design, supply, fabricate and...
http://www.che.com/business_and_economics/project_mgmt/Piping-Minimizing-the-Risk-of-Pre-buys_8617.html
June 27, 2011
AMEC Plc. (London, U.K.; www.amec.com) has been appointed by BASF Polyurethane (Chongqing) Co. and Chongqing Chemical and Pharmaceutical (Group) Holding Co. (CCPHC) as the project management contractor for the development of a new...
http://www.che.com/business_and_economics/project_mgmt/AMEC-appointed-project-management-contractor-for-chemical-complex-in-China_8157.html
April 1, 2011
A variety of factors — including a shift in the median age of workers worldwide and the impending skills shortage due to attrition and early retirements — have created a need to find fast and reliable methods and tools for mapping the technical competencies of professionals in the chemical process industries (CPI). Typically competency-mapping projects in the CPI begin with some form of task or...
http://www.che.com/business_and_economics/project_mgmt/Refinery-Operators-and-Maintenance-Technicians-Mapping-Competencies_7802.html
March 28, 2011
PCMS and Track, two cost-control software packages used in petroleum refining, chemical and petrochemical industries, have joined forces. Management Controls, Inc., the owner of Track, has acquired PCMS (Project Control Management System). Users will soon...
http://www.che.com/business_and_economics/project_mgmt/Acquisition-Creates-a-Full-Cost-Control-and-Forecasting-Package_6601.html
March 1, 2011
Maximizing quality, minimizing cost and meeting schedule milestones are ever-present challenges in large projects. While significant progress has been made in certain areas of facility construction, the management of project-related information continues to struggle. Information received by operators tends to be incomplete and inaccurate, while the cost of producing it remains high. Common reasons for...
http://www.che.com/business_and_economics/project_mgmt/Improving-Information-Management_6449.html
March 1, 2011
For any capital-intensive and labor-intensive engineering and construction (E&C) project, the lead process engineer (LPE) plays a pivotal role. To maximize the success of these complex projects, companies that hire E&C companies should be aware of the role that the E&C process engineering team plays in terms of helping to execute these projects. In a nutshell, the LPE is responsible for...
http://www.che.com/business_and_economics/project_mgmt/E-and-C-projects-Clarifying-the-Role-of-the-Lead-Process-Engineer_6455.html
February 1, 2011
Throughout the chemical process industries (CPI), project owners often track key performance indicators (KPIs) to ensure that all participants are able to attain or improve important performance objectives associated with their investments. For instance, for complex projects involving various contractors and sub-contractors, the predetermined expectations spelled out in the agreed-upon set of KPIs allow...
http://www.che.com/business_and_economics/project_mgmt/Owners-and-contractors-Key-Metrics-Improve-Performance_6376.html
December 1, 2010
Most of the more than $100 billion in capital spending and $1.2 trillion in prodution costs spent annually by the chemical process industries (CPI) is committed by decisions made in the early phases of process development and plant design. A more disciplined approach to decision-making that fosters early attention to costs and more thorough consideration of available options has the potential to lower...
http://www.che.com/business_and_economics/project_mgmt/Project-design-decision-making-Option-lists_6192.html
October 1, 2010
Because the global chemical process industries (CPI) encompass so many varied industry segments — including the conversion of raw materials and intermediates into chemicals and petrochemicals, fats and oils, paints and coatings, food and beverages, the refining of petroleum, the production of pharmaceuticals and others — there is considerable overlap in terms of the types of equipment...
http://www.che.com/business_and_economics/project_mgmt/Crossover-Applications-for-the-ASME-Bioprocessing-Equipment-Standard_6047.html
November 1, 2009
The success of industrial R&D activities has a direct impact on a company’s long-term commercial profitability. Today, a variety of market forces, including the drive for growth, the search for new ideas and innovative products, and the increasingly competitive pressures of the global economy, have made R&D activities more important than ever from a strategic perspective. Figure 1. Integrated...
http://www.che.com/business_and_economics/project_mgmt/Making-the-Leap-from-R-and-D-to-Manufacturing_5239.html
April 1, 2009
Project management can be a messy, complex issue for all involved parties and, likely, the most hair-raising aspect of all is project handover from the EPC (engineering, procurement, construction) contractor to the chemical processor. In the past, this literally involved a truck pulling up with cartons and boxes chock full of engineering documents, drawings, operations manuals and catalogs. From there, the...
http://www.che.com/business_and_economics/project_mgmt/Project-Management-Digital-Handover-Headaches_4645.html
January 1, 2009
In today’s fast track schedules for constructing new capital facilities, the process of designing, delivering and erecting piping often falls in the project’s critical path. This is particularly true for facilities constructed in emerging economies, where the facility generally resides in a remote location, posing significant logistical challenges. Squarely positioned in the center of the...
http://www.che.com/business_and_economics/project_mgmt/Active-Management-of-Pipespool-Fabricators_4446.html
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