Behind all innovative new products, there are always one or two inspiring people who have the essential, unswerving vision and passion to bring an idea to life. Colin Manson is the co-founder of Xergy Group and the brains behind our project software Proteus. It is no exaggeration to say he…
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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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A project is not always easy to manage, but successful outcomes are achievable with the right approach and attitude. When beginning a project, it is essential to have a clear goal and specific objectives in mind. This helps create a structured plan emphasizing the importance of allocating resources and workforce…
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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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How to manage profit with reimbursement and lump sum contracts. Why does it matter if your project is agreed with a reimbursement contract or a lump sum contract, or, a mixture of both? All projects, regardless of the industry, are contracted slightly differently. Many of the terms and conditions, project…
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In this blog, we look in detail at essential project management skills. Many companies using Proteus to improve their project management are engineering consultancies working for example in the energy sector. Therefore, we are focusing in particular on skills that are commonly used on complex, large capital investment projects such…
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We know you’ve heard the sales pitch 100s of times already. “Use our never-seen-before cloud-based project management software to transform your business by tackling your inefficiencies and spiraling overheads.” Just one glance at software review site Capterra will bring up hundreds of highly customised project management software solutions. All appear to offer…
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In low-margin business environments that many energy sector companies experience there is a critical need to manage and drive profit. Consultancy firm Bain & Company, say that most work will become project-based by 2027. Planning for success in the early phase of energy project management is essential. Not only to meet…
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