How to Apply Project Management Techniques in EPC Projects

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The relentless push to expand oil and petrochemical plants places even greater demands on the design and construction of larger, more complex refineries and facilities worldwide. The importance of bringing new liquefaction plants and crude crackers online becomes a major challenge to both plant owners and engineering companies. The latest 3D modeling and visualization applications continue to support all key aspects of oil and gas projects, from concepts through detailed design and construction, into plant operation and maintenance.

How to Use of Integrated IT Systems

Today, one cannot think of project management without using information technology (IT). The advent of the internet in the 1990’s has helped to change the role of IT from a sole tool for scheduling applications to create project plans for sub-projects and disciplines, enabling macrolevel planning. Typical software solutions help to save a copy of the original plan, as well as all later adjustments.

The mistakes committed during a project should be a lesson to learn: Certain type of software enables a detailed project analysis, providing the ability to forecast trends, isolate problems and show estimated costs and time for completion. Taking into account the tough global competition, IT is no longer a luxury but a necessity. It is possible to measure the ROI in IT, though it may not be as definitive since intangible capability upgradation and knowledge utilization benefits are involved.

Knowledge Management: Top Trend for Project Engineers

Today, as there is a critical need of knowledge management and information storage, the design software can directly tunnel into the SAP R/3 transaction system to enable data storage and retrieval. There is a need to integrate information to generate life cycle databases for ready reference of all working disciplines to achieve efficiency in all environments. In absence of readymade solutions to fit their requirement, some EPC companies such as L&T have invested around US$ 0,87 million per year in the IT.

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