A Work Breakdown Structure (WBS) is a tool used in project management to break down a large, complex project into smaller, more manageable tasks. PMI defines a WBS as “a deliverable-oriented hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives and create the…
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Xergy founder James McCallum discusses the role of technology in helping improve energy firms' margins. As we move towards a meaningful energy transition, 2024 is throwing up challenges that are reshaping the trajectory of energy projects. Policy switches from government, the competing agendas of different energy providers, cost inflation and…
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Managing a complex engineering project is a challenging task and there is a lot that can go wrong. The project life cycle is a framework that breaks projects into smaller steps for better management. This helps project teams navigate projects from beginning to end in a controlled and consistent manner. …
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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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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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In today's competitive market, it's essential for businesses to have a clear and effective proposal process to stand out from the competition. But with so many factors to consider, including pricing, deadlines, and project scope, it can be challenging to create a winning project proposal that captures clients' attention. Fortunately,…
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…and why do all project teams need one? A work breakdown structure is a way to organize project work for easier project management planning and control. It helps break down the work into manageable parts. This structure makes it easier to plan and control the project. Whether you work in…
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Proteus is an intuitively designed, easy-to-use software for planning and managing projects, mostly used by teams that charge out their time, equipment, and other resources. Xergy Group's in-house software development team has worked through various product iterations over the years. As a company, we are ambitious and driven. Our mission…
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For companies whose business relies on winning projects, developing accurate and error-free proposals is essential. Not only to win business but also to maintain a good reputation in the market. In order to ensure the accurate execution and completion of a project, project teams need to invest time and expertise…
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