Improving project controls in project management means focusing on what is physically happening on the project and comparing this to what was planned. 10 ways project controls can be improved are: Automate data collection and analysis Adopt project management methodologies Implement a robust change control process Use project management software…
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Project opportunity bid/no-bid assessment (or go/no-go) is a critical tool used to evaluate the feasibility, viability, and readiness of a project for initiation or continuation. Many companies across various industries use a bid/no-bid assessment to evaluate potential projects in Engineering and Construction (Bechtel Corporation, Fluor Corporation, AECOM,) Aerospace (Lockheed Martin,…
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Resource management is a critical aspect of project management that has the potential to make or break the success of a project. Project managers are responsible for effective planning, scheduling, and allocation of resources, for example, people, equipment, software, and expenses. They also need to maximise their utilisation throughout the…
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Project performance assessment is an intrinsic part of the project management process. Assessing project performance enables you to determine how well you are managing the project, and how likely you are to get the desired results as per the timeline and budget specifications. Project managers need to determine and keep…
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Project finances are important to accurately forecast to successfully control project management budgets. Project management forecasting is the basis of all project planning, quantitative or qualitative, and use sophisticated or simple statistical models or algorithms. Forecasts are crucial for determining large capital investment projects' economic viability and project finance ability…
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ISO 27001 is the leading standard for data security and is essential for your business, particularly if you manage any of your work online (which most of us do). Xergy Group, the developer of the project management software Proteus, has ISO 27001 accreditation. This certification is a testament to the…
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Have you heard about a single source of truth? Organizing data is a difficult task for many companies that run complex projects. They often struggle with data-related issues such as a lack of collaboration, data integrity, and data quality issues. We see this often amongst our clients before they onboard…
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Project management software sits at the heart of Proteus. Project management software is nothing new. In fact, one quick look through the software review site Capterra and you will find 100s of really well-reviewed, highly established software platforms promising to dramatically increase your business success. The best project management software is supposed…
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Projects fail. All the time. According to the Project Management Institute’s (PMI) 2021 Pulse of the Profession report, a staggering 48%[1] of energy projects in 2020 were failures. So it’s natural to ask: why do projects fail? Back in 2007 the PMI’s researchers broke the reasons for project failure down into…
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