123 resources match your search criteria
The Impact of Inflation on Construction Project Budgets
Inflation is a factor that can quietly erode project budgets long before anyone realizes it. In construction and other capital-intensive industries, where timelines often stretch into years, even a small annual price increase can compound into major cost overruns over time. As project managers, cost estimators, and controls professionals, understanding…
Read blog article
The Future of Cost Engineering
Cost engineering has always been about balancing precision with practicality. Traditionally, it meant managing budgets, monitoring costs, and ensuring that projects delivered value within financial constraints. But today, cost engineering is evolving faster than ever before. The rise of automation, data-driven practices, and artificial intelligence (AI) is transforming how cost…
Read blog article
Cost Benchmarking in Capital Projects: Definition, Benefits, and Examples
In today’s ever-changing markets, large capital projects face increasing pressure to deliver on time and within budget. Project teams need tools and strategies that enable them to compare their performance against proven standards and identify opportunities for improvement. Cost benchmarking is key to achieving this. By systematically comparing project data…
Read blog article
Introduction to Risk Management in Project Management
Large capital projects face major uncertainties in cost and schedule. This article explores how effective risk management helps organizations identify, assess, and control risks to improve predictability and project success.
Read blog article
Why Clear Roles Matter in Turnaround Planning
In STO and turnaround (TA) environments, tasks like QA/QC, scheduling, work planning, coordination, and supervision are critical. But in many organizations, these roles blur, overlap, or go unassigned, leading to friction during execution.
Read blog article
The Rise and Implications of Gas Capital Expenditures
The U.S. gas market is experiencing a surge in capital expenditures, creating a wave of megaprojects that will dominate the energy landscape through 2030. Key reasons for this growth include demand from AI and data centers, industrial electrification, and concerns about grid reliability. For project managers, these market conditions mean…
Read blog article
What is a Bill of Materials (BOM)?
In complex capital projects, where several stakeholders, materials, and systems must align, clarity and precision are non-negotiable. At the core of efficient project execution lies the bill of materials (BOM). This document provides a structured list of all components needed to build, maintain, or repair an asset. Whether in manufacturing,…
Read blog article
What Does OPEX Mean?
Operating expenses (OPEX) are the recurring costs required to run and maintain assets, systems, or projects. In capital projects and turnarounds, OPEX covers expenses such as labor for maintenance, consumables during shutdowns, and ongoing utility costs. Tracking and managing OPEX is crucial for project teams to maintain budget control, optimize…
Read blog article
Cleopatra Enterprise & Management Control Inc. Announce Partnership to Strengthen Project Control & Contractor Cost Transparency
Cleopatra Enterprise and Management Controls, Inc. (MCi) have announced a strategic partnership to empower owner companies to regain control over their capital projects and turnarounds while ensuring financial transparency, cost efficiency, and accountability.
Read blog article
The Hidden Energy Costs of AI for E&P and Turnaround Planning
AI is transforming operations across energy and process (E&P) industries, but behind this evolution lies a challenge: growing energy costs. As AI adoption accelerates, so does its demand for electricity. This results in a shift with serious implications for industries like oil & gas, refining, and chemicals, especially when planning…
Read blog article