Jos van der Stelt’s Post

Earned Value Management (EVM) A Comprehensive Guide

Building Success: The Iron Triangle of Project Management Or Triple Constraint Project managers must effectively manage the Iron Triangle by balancing scope, schedule, and cost and making trade-offs to ensure project success within the constraints of scope, time, and cost. Effective communication, stakeholder management, risk management, and change control processes are essential for navigating the complexities of the Iron Triangle and delivering successful projects.

Capital program management made easier with the Baseline Execution Index (BEI). Stay on top of shifting projects while maintaining overall production focus. #BEI #ProjectScheduling #ScheduleAdherence

Discovering the Oil Completion Tools Industry The oil completion tools industry plays a crucial role in the overall oil extraction and production process, focusing on the completion phase where wells are prepared for production. This vital stage ensures efficient and safe extraction of oil resources, driving the need for effective project management. Project Management: Driving Force of Efficiency In the dynamic world of oil completion tools, project management serves as the backbone for delivering successful projects. From planning and budgeting to risk management and team coordination, project managers navigate complex challenges to achieve timely and cost-effective results. My Role at Persia Energy Development Company (PED) As a Project Manager at PED, my responsibilities revolve around leading cross-functional teams, developing tailored solutions for our clients, and ensuring seamless project execution within budget and timeline constraints. My journey at PED has been filled with valuable experiences, including: Successfully managed multiple projects for top industry clients, resulting in a 15% increase in customer satisfaction. Designed and implemented innovative project management processes, reducing project execution time by 10%. Developed strong relationships with clients, fostering trust and facilitating smooth communication throughout project lifecycles. In conclusion, the oil completion tools industry relies heavily on project management to drive operational excellence and meet client expectations. My experience at PED has provided me with valuable insights and a deep appreciation for the impact of project management in this sector.

Efficient capital project management is key to success in high-risk investments. Learn more about the importance of Factory Acceptance Tests (FAT) and Site Acceptance Tests (SAT) to ensure equipment and systems' quality, reliability, and compliance. Read our article to explore how these tests validate specifications and play a central role in risk mitigation by ensuring efficient operation throughout the equipment's lifecycle https://lnkd.in/dRkup-XZ #factorytests #sitetests #capitalprojects #kaizen

Seamless Communication and Collaboration amongst various disciplines like design , engineering , procurement, PM , contracts , legal , installation , commissioning , vendors , inspection, QA / QC , safety , environmental, statutory compliance play a huge role in successful project execution. Syntegration is a scientific & structured process to bring people together in a non heirarchical setting . Syntegration can greatly revolutionise the PM and can help to solve complex problem with ease. Highly recommended in large projects ! Question : Have you managed complex projects ? Can you share the pain points that you have overcome ?

Management of project costs is crucial for successful project delivery. Here are some of the processes to take note of to ensure effective Cost Management on projects.

SUCCESS FACTORS OF A PROJECT ✅IMPORTANCE OF FEASIBILITY STUDY. Many Investors oftentimes are in a hurry to commence a project without adequately exhausting the FEASIBILITY STUDY phase, The resultant effect of this is massive and uncontrollable failure in the end. Imagine if you are building a refinery and you dont clearly define where your crude feedstock will be coming from and the desired quantity as well as the contingency factor put in place, that obviously is a recipie for disaster. It is important that the project management journey of any project ticks off this box appropriately before putting money in the field.

Project Management : -- There is a lot of discussion regarding Project Management. To complete the Project in time is always a challenge. Most of the Projects are delayed in spite of availability of so many projects management tools. Lack of preparation for assessment of project viability & Vision to visualise the project related obstacles such as land acquisition, defective feasibility report etc. prior to the award of Contract are the main cause of delay in completing the Project in time. ........Contd..

What other support can we provide? Project Management and Performance Solutions Aspects of Project Management includes: ~ Establishment of sub-contracted storage sites, including necessary approvals and procedure implementation ~ Toll processing arrangements ~ Achieving certification to a particular standard