To say that a majority of the world’s population has been directly affected by the global supply chain crisis would be an understatement; it’s hard to see how someone in the world — irrespective of where they live — would not have felt the impact of...
Implementing new capital project software can be challenging, because large industrial plant projects may involve hundreds of suppliers and stakeholders globally. Additional challenges are presented by the fact that capital construction projects are temporary in...
Capital projects across industries are notorious for delays and cost overruns due to their vast scale, complexity, and long timelines. It is estimated that 98% of megaprojects end up running at least 30% over budget and 77% of projects run at least 40% late. According...
Until recently, a lot of the focus on sustainable megaprojects and construction has focused on operational emissions associated with the physical building, such as the new oil refinery, pulp mill or power plant. Reducing waste materials as well as creating...
Material and equipment suppliers in capital projects are typically used to reporting their material deliveries via Excels, emails and phone calls. For example, when a large oil refinery is constructed, the hundreds of different global suppliers typically send details...
If you work in capital project management, you’re most likely a pro at using Excel. Excels are one of the most traditional tools that project managers use, after all it’s a universal tool with a lot of useful features and functionalities. Project...
Procurement and materials can account of for over 70% of an EPCM projects’ budget. Issues with materials management can cause significant financial set backs for the project. One of the fastest ways to produce unnecessary costs is having contractors standing...
UPM has made an investment decision to construct a 2,1 million tonne greenfield eucalyptus pulp mill near Paso de los Toros. The total investment of the project exceeds USD 3 billion. The operation of the new pulp mill generates 10,000 permanent jobs and involves in...
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