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.…
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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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Does your company focus on change-makers? If you are uncertain why this is an important question, here is another one: What makes the difference between a project team that repeatedly overspends, misses deadlines, reduces overall profit, and just about scrapes by and a project team that can turn this scenario…
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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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When it comes to project management, there is no one-size-fits-all solution and there are a lot of options to choose from. The best project management tool for a given project depends on the specific nature and complexity of that project. For the purposes of this article, we will define a…
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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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The tyranny of choice: does it seem like are too many project management tools out there to choose from? Why are there so many different types of tools (and whilst we are at it, why do so many have three-word acronyms like ERP, PPM, PSA, CPM, etc)? The answer is…
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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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