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…
Read more
Do you know your project management terms? Project management is a broad discipline, used in many industries, from complex engineering infrastructure programs to creative design projects. Regardless of the project content, staying on top of the latest terminology and concepts is crucial to ensure successful project execution. Whether you are…
Read more
Environmental, social, and governance (ESG) considerations have become a paramount concern for businesses worldwide. It's not just about moving away from traditional energy sources and focusing on renewable energy projects. The constant cry for sustainability has businesses keen on reducing their carbon footprint and aligning their operations with green initiatives.…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more