PROJECT

MANAGEMENT
IMPORTANCE IN EPC
INDUSTRY
AND CHALLENGES IN
RECRUITMENT.
Definition of Project Management
“Project management is one of those things that looks easy until
you try it.”

 Project management is the process of achieving set goals

within the constraints of time, budget, and staffing
restrictions.
 It allows you to get the most out of your available
• The fundamentals of managing a project from start to
resources.
finish require a team of individuals with different talents
and skills.
• Those people are responsible for planning and executing
the project objectives and that takes more than just labor
and materials
• A sound project plan can mean the difference between success
or failure.
It’s a hard skill to master, but well worth
learning. And here’s why:
Defines a plan and
organizes chaos
Establishes a schedule
and plan
Enforces and encourages
teamwork
Maximizes resources
Performance
Manages Integration

Controls cost

Manages change

Managing quality
• These reasons and many other
Retain and use factors are why companies
knowledge employ people with project
management skills.
Learning from failure
WHAT IS GOOD PROJECT CONTROLS ?
Good Project Controls collects commitments, actuals and progress data;
and monitors and reviews risks and their impact on the project.

WHAT IS THE KEY?

The key to achieving good Project Controls is to make the process as
streamlined and as efficient as possible in order to allow time to do high
value analysis and forecasting.
Sh
all
Note: At present In Depth Insights &
ow
Project reporting: An future visibility.
50-80% of Project aly Crisp
Controls time sis Dashboards
spent on manually . Aut
and What we
Cumberso om
validating data me Predictive Expect:
atio
Trend
and producing Reports. n in Strategic
Analysis.
reports Dat project
a
Redundant Data vali
controls which
Collection & Manual dati Eliminates
Validation on Surprises and
and Saving
Ent
ry company
WHAT THE INDUSTRY
EXPECTS
PM’S Should be forward-
Organization’s thinkers who understand
Needs…. that things aren’t always
black or white. (Gray
• STRATEGIC THINKING should be their favorite
• LEADERSHIP color.) .
• CHANGE MANAGEMENT In an age of ambiguity,
and organizations seek out the
• SOUND COMMUNICATION project professionals who
SKILLS. don’t just deliver on time
• PROACTIVE and on budget, but have
• DECISION MAKING the agility to adjust on the
fly.
PROJECT MANAGEMENT RECRUITMENT-
CHALLENGES
SWOT - PROJECT MANAGEMENT
Strength.
• Sufficiently Skilled/trained in Software.
• Adequate knowledge on the tools available.
• Eager to take up New assignments.
Weakness.
• Industry specific Knowledge on processes.
• Adequate knowledge on Risk Management/change management.
• Understanding the EPC life cycle specific to country.
• Adequate Financial & economics of project.
• Communication and conflict management skills.
• Team work and leadership.
PROJECT MANAGEMENT RECRUITMENT-
CHALLENGES
Opportunities.
• Critical thinking process for Project Management
• Creative thinking for Problem solving.
Threat
• Retaining Skilled resources.
• In-sufficient training.
• Inadequate exposure to overall EPC environment.
• Lack of Motivation…
Lets’ Challenge the
Challenge and Be
Successful.

Thanks for Listening.

THANK
YOU