PROJECT EXECUTION
Capital Projects

Strategies | Tools | Knowhow

PM's Role: The project manager responsibility is to coordinate
and integrate activities across the organization!

Definition of a successful Project?

Ever asked yourself what makes a successful Project? -- Well ... a successful Project should be checking a few boxes -- See below :

1st: A Project should be completed on Time and within Budget and with best Quality,
... & from a Suppliers point of view, the Margin should increase.
... & from a Customer point of view, the Budget should be undercut and/or the contingency should not be used.
2nd: It must be executed to a high construction and safety standard, without accidents and with no major problems or disruptions during the execution process.
3rd: The project should reach contractual agreements on Performance | Output | Quality.

Checking these marks will create HAPPY CUSTOMERS & HAPPY MGT. !

This site provides you with the knowledge and tools to execute your projects using best practices with confidence and efficiency.

PM Lifecycle Phases: Concept -> Basic Design -> Detail Design -> MFG/PUR/SHIP -> Install & CVS

Meetings before starting the Detail Design: HOM -> Concept Approval -> KOM -> Design Meeting!

Project Milestones

The Project Milestones are important and predefined checkpoints or events within a project. They serve as indicators and gauge progress as they are connected to a Time Schedule with defined dates for each Milestone.

The Model on the left is an example and shows a possible Lifecycle Process for a larger Solution Provider or equipment manufacturer.

Note: Every Company does their projects differently! However, the idea and main steps of Project Management basics are the same everywhere in this industry. Therefore you can take this example as a good base to build your own model.

What is a project?

Has a specific objective to be completed within certain specs.
Has a start and end date.
Has a limited budget.
Consumes human and non-human resources.
Involves x-department and external resources.

5 Main Project Steps

Project initiation.
Project planning.
Project execution.
Project monitoring and reporting.
Project closure

Reminders that will make your work easier :-)

PM's DO's

Be analytic and systematic.
Be the best commuincator.
Be organized and have a plan.

PM's Do Not

Don't OVER-communicate.
Don't complicate things.
Don't think others will prioritize your project.

Contingency !!!

As a PM its YOUR responsibility to have contingency in your projects. Its also your responsibility to release it when you feel appropriate. Important, contingency shows twofold - 1st as $ amount and 2nd in TIME! Every time-schedule you put together must have TIME contingency imbedded.

Page updated

Google Sites

Report abuse