The Value of Work Done (VOWD) is important for oil, gas, and renewable energy projects as it shows a combination of progress and financial performance. Ensuring the successful completion of a complex project requires comprehensive control over various aspects including quality, quantity, costs, and schedules. Continuous monitoring throughout the project…
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The successful completion of a project on time and within budget is a pervasive challenge of project controls faced by project teams worldwide. Despite the advances in project management tools, project controls solutions, and methodologies, statistics show that 72.5% of project managers fail to consistently meet the agreed project schedule,…
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Staying on budget, meeting deadlines, and delivering high-quality outcomes determine project success. Whether it is a project in the energy sector, engineering or construction, cost management is essential to keeping your project’s financial performance on the right track. Not managing costs properly can lead to going over budget, which can…
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Change is inevitable in the life cycle of a project. Being able to adapt to and navigate change is important for project success and can give you an advantage over your competitors. However, there is no denying that making alterations to a project can be challenging, disruptive, and daunting. This…
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If you work in the world of projects, you will be very aware that efficiency is the name of the game. It's all about getting the job done right, on time, and within budget. That's where two key players step into the spotlight: Earned Value Management (EVM) and the Schedule…
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Monitoring utilisation rates involves measuring the available time used for billable work. In amongst all the metrics project managers track, if you work in a project consultancy (think Worley Parsons, Wood, Genesis, etc.,) this one is the king. However, monitoring and optimising a team's utilisation rate is the one critical…
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The competitive world of large projects (such as those found in industries like infrastructure or oil, gas and renewables) demands precision, efficiency, and a keen eye on the bottom line. Effective project tracking is the key to guiding project managers towards success. Imagine embarking on a journey without a map…
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With decades of experience working on energy sector projects, the Proteus team is more than aware of the challenges that come with managing complex initiatives. We have found that our clients rely on accessing accurate project data to ensure project success. This allows our clients to closely monitor progress and…
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For any team running a detailed engineering project, data is the foundation on which successful outcomes are built. Project managers rely on accurate and real-time information to make informed decisions, track progress, allocate resources, and ensure project success. At Proteus we find our clients come to us with legacy Enterprise…
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