A common error, when assessing and deciding whether to proceed with a capital project is to assume that the cost estimate is more accurate than it really is. Very often, the assessor is lulled into a false sense of security by statements such as “We have firm quotes for 80% of the items on the […]
In the July 2021 online edition of “The Chemical Engineer” magazine, Gordon discusses how project teams are often blamed by turnaround managers for problems with meeting turnaround event schedules. He examines the key areas that need to be addressed when integrating a project into a turnaround event and highlights the point that these areas need to be discussed and resolved during the project […]
Evaluating Rework and Delays can help improve the Schedule Predictability of Construction Projects while reducing Costs The construction industry’s challenge in meeting cost and schedule budgets is greatly affected by rework. A regional initiative in the early 2000s was tasked with developing a simple tool to capture and analyze field rework at major industrial construction […]
Here’s How To Get On Track There are two sure things in life: Death and Taxes. There are other things in life that are not for sure, nor pre-ordained, but stand a pretty good likelihood of occurring such as: Executing Capital Projects during a Turnaround and having an outcome that is less than desirable. So many […]
