Posts Tagged ‘Project Management Institute’
EPC CONTRACTS FROM OWNERS’ PERSPECTIVE
It was my privilege to facilitate a technical session hosted by the Project Management Institute (PMI) Nigeria today. My presentation discussed, among others, The Power of Contracts Contracting as a Risk Management Strategy Project Definition, Associated Risks, and Implication for Contract Types Owners’ Perspective of an EPC Contract; what the owner expects beyond scope, cost,…
Read MoreHERE’S THE PERFECT SOLUTION IF YOU WANT TO BECOME GREAT AT PROJECT PLANNING IN AS LITTLE AS 3 MONTHS
I had promised in a previous piece to outline the content and requirements of an effective training program for project planning. I am going to address that in this piece.
An effective training program comprises two key components: Great Content and Powerful delivery.
First, the content of an effective training program for planning engineers, in my view, should go beyond the technical skills of engineering or technical qualification and competency. It should also be more than competency in using project management software such as primavera or MS Project. It should include business and leadership skills.
BASELINE PLAN, RECOVERY PLAN, REVISED PLAN. WHAT IS THE DIFFERENCE?
You have probably heard the terms Project Baseline Plan or Baseline Schedule, Recovery Plan or Revised Plan. What is the difference? Well, while the baseline plan is readily understood. There is a lot of confusion regarding the recovery plan and revised plan. Some project personnel and practitioners use them interchangeably. Others are plain confused. Therefore,…
Read MoreHOW TO MITIGATE STAKEHOLDER BIASES IN RISK ASSESSMENT
It is common knowledge, or at least it should be, that the quality or integrity of the risk management plan depends on the quality of the risk identification and assessment processes that underpin it. Risk assessments is the primary input to the risk management process. Therefore, no effort should be spared towards assuring the quality of…
Read MoreENGINEERING AND CONSTRUCTION CONTRACT PRIMER Part 1
In this series of essays on Engineering and Construction Contract Primer I intend to discuss the basics of Engineering and Construction contracts. I hope they will help those who are new to project and construction management, and possibly provide fresh insights to experienced project professionals. If you are new to project management, then this is…
Read MoreLow-Cost Options for Professional and Personal Development
In my last essay I discussed the importance of growth environment in personal and professional development or growth. For most people, the greatest challenge to personal growth is funding. Therefore, I intend to explore some low-cost options for personal growth and development today.
Read MorePROJECT STAKEHOLDERS MANAGEMENT: EMERGING CHALLENGES
Our world may never have seen so many conflicts – socio-economic, geo-political and sectarian – at any one time in its history as it does today. These have led to changes in the project environment, with attendant complexity, making the definition, identification and management of project stakeholders a herculean task.For instance, the 5th Edition of…
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