How to Apply Project Management Techniques in EPC Projects

Related Vendors

TURCK GmbH

EDL Anlagenbau Gesellschaft mbH

ProMinent GmbH

In large projects, there is a need to design and engineer thousands of items followed by their procurement from hundreds of suppliers scattered globally. This provides a huge potential for eprocurement: Most of the EPC companies have launched a web initiative that enables vendors/suppliers to register their products and services online. On requirement, the companies could establish contact with the registered vendors and take offers for their projects. This reduces the cost of floating the enquiry, follow up and facilitates the EPC companies to have a choice of variety of suppliers/vendors for their requirements.

The use of technology has enabled suppliers to invoice for products offered online and payments for the same to be directed to their respective accounts online. This reduces the paperwork and the processing time for payment significantly and increases the bond/relationship between the customers and suppliers.

Choosing the Right Software

The different software packages offer varying capabilities and flexibility. However, one should keep in mind that the latest software will not guarantee success. Instead, software decisions should be driven by the scope of the indented use, determined by the needs or requirements that must be served to satisfy the objective. Microsoft.Net technology enables unprecedented levels of software integration through use of extensible language (XML) web services — small, discrete building blocks that connect to each other as well as larger applications through the use of Internet. On the other hand, Microsoft Project/Primavera Enterprise helps one to manage schedules, resource project status and project information report. It provides organizations with an extensible technology platform to securely develop and successfully deploy best practices for project management across the organization.

The Right Framework to Boost for Industry Projects

Government initiatives to bring in competition and put an end to monopoly would provide more opportunities for the EPC players. Bandwidth and infrastructure are two other significant areas which require individual focus in order to further enhance the role of new technologies. Over the coming years, investment in IT is going to grow three fold (e-commerce, e-procurement and other such technologies). It is therefore left to the decision makers to make proper investment in the right software and make the most of talent as well as the tool (software).

(ID:39601880)