The foundation for a successful transition to Advanced Work Packaging (AWP) is laid long before the creation of a single work package, before the org chart is redrawn and new software is installed, even before the introductory training session. The first stake is driven into the ground when a forward-thinking executive asks this critical question: “Are we ready for A...
Having a Path of Construction (PoC) is like having a GPS in your car: You know your critical path, but the PoC will show you precisely how you'll get there. Discover the four simple steps to creating a powerful PoC that will help you deliver your project on-time and on-budget. »
The capital project construction industry is in transition, and there is a great deal of confusion around the definition and purpose of one key element of modern capital project management -- the Path Of Construction. This short guide is intended to resolve this confusion and to serve as a quick-reference. »
Predictability Thinking™ evolved out of our desire to identify and understand all the levers that can be pulled in our efforts to execute a capital project on-time and on-budget. Discover how your org chart and contracting strategy are undermining predictability -- and how you can fix them.
Whether you come to AWP proactively or because it's required in a contract or bid document, chances are you'll have to wade through a stew of toxic rumours and wild myths. This article cuts through it. Read more »
We know how to construct natural gas power plants. They are largely proven, fast to build, and they capitalize on the shale gas boom that has transformed the global energy landscape. Taken together, these factors present Owners and Developers with an unrivalled opportunity to leverage predictability as a competitive advantage in a crowded field.
Process industry organizations spend between 30 and 65 percent of their budgets on small, site-based projects that ring up at less than $10 million. If we're want to transform the capital projects industry, we can no longer ignore revamp strategy. Here are four critical complexities to consider. »
Most site-based capital project leaders recognize the benefits of Advanced Work Packaging for their projects, but changing the way you work can be daunting -- especially when there are millions of dollars on the line. It can be done, and we will show you how. »
Simply put, start by staffing the core megaproject team around major risks. These will vary based on the project, but are likely to revolve around:
Technical data and basic engineering data;
Environmental, political and social data, including permits and land acquisition;
Financial and market risks, including solid market analysis, permits links to selling, etc.;...
The IT department should be fully integrated into the mission-critical work of a capital project organization. Technology leadership should be fully aware of each project’s bottom line and should -- for lack of a better word -- feel the pain of delivering that project on-time and on-budget.
Achieve this by setting KPIs that are directly related to technology.
The continuous collection and analysis of sensor data from petrochemical installations has produced astonishing new efficiencies that were inconceivable just a few decades ago. As an industry, we now have unrivalled insight into our physical properties: we can monitor and manage operations remotely, quickly identify potential risks, and literally fix things before th...
Advanced Work Packaging is one step in the right direction, and I’ve advocated relentlessly for industry-wide adoption, both here in Velocity and elsewhere. But we’re not done yet. AWP is still a nascent approach to capital project management, with countless opportunities for improvement. A key component of management innovation is the ability to see problems and lin...
A recent survey from the Ponemon Institute revealed that 68% of American oil and gas companies experienced a security breach in 2016. Equally shocking: Just 35% of them say they’re prepared to counter a cyber attack involving their industrial control or operational technology systems. The reality in 2019 is that most oil and gas companies have neither the staff nor t...