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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The Value of Work Done (VOWD) is important for oil, gas, and renewable energy projects as it shows a combination of progress and financial performance. Ensuring the successful completion of a complex project requires comprehensive control over various aspects including quality, quantity, costs, and schedules. Continuous monitoring throughout the project…
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In 2024, engineering consultancies working on complex projects in the energy and infrastructure sectors are facing significant challenges. These challenges demand adaptability, innovation, and resilience. With the race to net zero, constant technological advancement, and a scarcity of skilled professionals, it has never been more important for these service providers…
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In the UK engineering sector, ensuring best practices in project management is paramount to success. In this blog, we will explore what are the best practices for project management in the fields of oil and gas, renewables and engineering. Introduction to UK Engineering Landscape In the UK energy and engineering…
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There are many project management software options available. So how does Proteus stick up against the competition? Getting the right technology in place can have a huge impact on project success, streamlining key workflows and delivering best practice processes. Our customers at Proteus have given us great feedback. We want…
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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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The world of project management is notorious for its confusingly similar terms. Three terms commonly lumped together are project, program, and portfolio with many people using them interchangeably. Although they are related to one another, these are three very different concepts with their own definitions and goals. In this blog,…
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If you work in project management we know you care about data, its relevance, its accuracy, its timeliness, and most importantly, how we can use it to make better business decisions. To help you get a better idea of the current state of project management in 2024, we have researched…
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Baselining and forecasting are both important in running successful projects. Baselining provides a solid foundation to measure performance while forecasting helps project managers anticipate and address challenges. Baselines and forecasts are important in project controls, helping with planning, monitoring, and adapting to project changes. Together, they enable project teams to…
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