Project Cost Management Software News

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How scheduling can take the pain out of shutdowns and turnarounds
25/02/2020

In our industry, there’s no getting away from shutdowns, turnarounds and outages. Up and downstream, on and offshore, every asset in the energy business will be subject to at least one potentially expensive STO sooner or later. We might never look forward to them, but there are ways to mini...
Tags: Shutdown, Turnaround, Earned Value - View Article

How to win the future
03/02/2020

Why you need to build digital systems today for success tomorrow Life is tough for the oil and gas industry right now, with fluctuating prices, rising costs and evolving legislation around the globe all eating into profits. The bad news is that the boom years - when big production just meant big...
Tags: Shutdown, Turnaround, Earned Value - View Article

Earned value management – Measuring performance and progress, on the go.
31/10/2018

Earned value management - commonly abbreviated to EVM - is an important tool in the project manager’s repertoire. A set of techniques for objectively measuring progress on any major project, EVM was first developed in the 60s by the US Defense Department and quickly became standard pra...
Tags: Shutdown, Turnaround, Earned Value - View Article

Planning for performance - how to make the best of shutdowns and turnarounds
27/09/2018

In the energy industry, shutdowns, turnarounds and outages - collectively known as STOs - are unavoidable, like death and taxes. And any STO event inevitably presents the operator with a double whammy - the cost of the event itself, plus the loss of revenue while production is on hold. Given the ...
Tags: Shutdown, Turnaround - View Article