117 resources match your search criteria
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,…
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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…
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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.
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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…
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Time-phased budgets in construction explained
Without clear insight into when and where costs will happen, even well-planned projects risk overruns and cash flow problems. A time-phased budget gives project teams a clear roadmap of how costs will unfold over time, making it easier to plan ahead, track performance, and take action before small issues escalate.
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Understanding Operational Efficiency in Project Management
Operational efficiency in project management is about achieving more with less: delivering projects on time and within budget by minimizing waste, delays, and rework. This blog explores how project professionals can identify inefficiencies and implement practical strategies to enhance performance across cost, schedule, and quality.
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How to Improve the Owner-Contractor Collaboration in Construction
Learn how to overcome key challenges such as mistrust, data silos, and reactive planning to improve the collaboration between owners and contractors in construction projects.
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Planning vs. Execution: Why STOs Fail Without Integrated Risk Management
Learn how to adopt an integrated risk management approach in your STOs from planning to execution to prevent budget overruns, timeline slips, and safety compromises.
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The Use of Mobile Devices in Capital Project Execution
Capital projects fail when field teams can't communicate with the office in real-time. See how mobile technology is revolutionizing project execution by solving the biggest challenges that cause budget overruns, schedule delays, and safety incidents.
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Optimizing Workforce Planning for Large-Scale STOs
Workforce planning for large-scale STOs goes beyond administration, it plays a pivotal role in minimizing risk, avoiding delays, and ensuring successful execution. Learn 7 key strategies to optimize your approach with smart, proactive planning that drives safety, productivity, and cost efficiency.
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