insights + news

Poor planning and underdeveloped scope development can cause costly project timeline delays. Here are some ways to mitigate schedule risk in project management.

continue reading

The capital project stage gate process helps maintain ROI by providing early and detailed execution plans to help mitigate schedule and financial risks.

continue reading

For capital project success, contractors should use EPC project risk management for schedule, cost, quality, safety, and environmental concerns.

continue reading

T&M contracts vs. fixed-price contracts—here are the pros and cons of each type and considerations for choosing an appropriate contract for your project.

continue reading

Capital project overruns can be due to poor scope definition, inadequate communication, and design errors, among other factors. Here’s how to prevent them.

continue reading

Leveraging EPC for capital projects can significantly reduce project risk and provide superior project delivery certainty regarding cost and schedule.

continue reading

What is a design-build contract? Click here to learn about the benefits of design-build delivery methods and what each stage of this technique entails.

continue reading

While turnkey delivery methods offer many benefits, it’s important to weigh turnkey project advantages and disadvantages before signing a contract.

continue reading

This webinar will focus on the advantages of using laser scanning in capital projects, specifically in terms of Constructability. We will provide examples where this step in the process has helped with clash detection, critical lift situations, time-sensitive schedules, and the fit of new materials inside existing facilities.

continue reading

The Civil/Structural Engineering -themed Capital Project Words include Moment, Void Box, Allowable Strength Design (ASD) and Load Resistance Factor Design (LRFD), and P-Delta Effect

continue reading

The Mechanical and Piping Engineering-themed Capital Project Words include Tie-In Lists, Plot Plans, Equipment Data Sheets, Stress Analysis, and Laser Scanning.

continue reading

The Construction-themed Capital Project Words include Construction Work Plan, Hydrostatic Leak Test, Constructability, and Mechanical Completion.

continue reading

The Process Engineering-themed Capital Project Words include Process Flow Diagram (PFD), Process Simulation, Hazard and Operability Study (HAZOP), and Piping and Instrumentation Diagram (P&ID).

continue reading

The Financial Operations-themed Capital Project Words include Percentage of Completion Revenue Recognition, Performance Bond, Owner Controlled Insurance Program (OCIP), and Working Capital.

continue reading

Implementing the process of off-site fabrication into the daily work process can take time and energy that many may not find beneficial, unsure if it is the right decision. There is also a need for an increase in technology in one’s fabrication efforts to make the benefit worthwhile. The key performance indicators for the success of pre-fabrication include reduced/improved risk, improved cost, and improved schedule.

continue reading