Artificial intelligence (AI) has rapidly become a buzzword across global industries. Project management is no different. It is becoming increasingly difficult to find an article or podcast surrounding project management that does not mention artificial intelligence. Broadly speaking, AI is a branch of computer science that provides algorithms to ‘think’…
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People often use the terms "project management" and "project controls" interchangeably, but they are not the same thing. Project controls are a subset of project management. In this blog, we will define both project management and project controls and explore how they are distinct from one another. It is important…
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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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Staying on budget, meeting deadlines, and delivering high-quality outcomes determine project success. Whether it is a project in the energy sector, engineering or construction, cost management is essential to keeping your project’s financial performance on the right track. Not managing costs properly can lead to going over budget, which can…
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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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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…
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Across most sectors, the role of technology and digitalization has become increasingly pivotal. At Proteus we have the privilege of working with clients across various engineering sectors including energy and infrastructure. This has given us a unique insight into how far progressed along the digital transformation journey different companies and…
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Monitoring utilisation rates involves measuring the available time used for billable work. In amongst all the metrics project managers track, if you work in a project consultancy (think Worley Parsons, Wood, Genesis, etc.,) this one is the king. However, monitoring and optimising a team's utilisation rate is the one critical…
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