Archives :: Business & Economics :: Project Management
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...
May 15, 2008
Effective use of capital in the ownership and management of manufacturing assets is critical to the financial performance of companies in the chemical process industries (CPI). Many of these companies use benchmarking in compliance with applicable laws and antitrust regulations to compare, identify, and adopt industry best practices that drive the capital effectiveness of their project development...
April 1, 2007
Free trade agreements, global manufacturing standards and the Internet have made it possible for companies to do business in countries they would not have considered 20 years ago. Open is a world of opportunity, but for processors of pharmaceuticals, semiconductors and other materials that must meet high standards of product purity and performance, the competition is stiffer than ever as...
January 1, 2007
What skills are required to effectively lead a project team? Leadership is different from management, requires different knowledge, a different skill set, and accomplishes a different purpose. Management deals with the present; leadership deals with the future. Management deals with resources; leadership deals with people and personalities. Management deals with facts; leadership deals with...
April 1, 2006
Typical process utilities include electricity, process steam, refrigerants, compressed air, cooling water, heated water, hot oil, process water, demineralized water, municipal water, and river, lake, or ocean water. For preliminary cost estimates, waste disposal cost can also be treated like a utility expense. Unlike capital, labor, and other expenses, utility prices do not correlate simply...
February 1, 2006
In the U.S. last year, Hurricanes Katrina and Rita powerfully demonstrated the ability of nature to disrupt companies’ operations and commitments. In a business context, the effects of such natural (or, for that matter, civil or social) disruptions can be felt up and down the hydrocarbon, petrochemical and other chemical-process supply chains, causing shortages, delays and allocations of material...
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