The Benefits of Robust Planning
Robust planning is a cornerstone of successful project management. It ensures both strict organisational structure and seamless coordination among stakeholders. However, when roles and responsibilities are not clearly defined, risks are not anticipated, or stakeholder interfaces are poorly managed, conflicts can quickly escalate. These tensions often result in delays and cost overruns, disrupting project execution […]
Proactive Risk Management
This distinction gives rise to two key approaches in risk management: proactive and reactive. Let’s explore these strategies and understand why a proactive approach is your best ally in excelling at project risk management. I. Understanding the Difference: Proactive vs. Reactive Risk Management Proactive risk management involves identifying, analyzing, and preparing for […]
Portfolio Management to Govern
In a constantly evolving economic environment, integrating project portfolio management (PPM) with corporate governance has emerged as a crucial strategy for organizations seeking to optimize performance and ensure sustained growth. This article explores key strategies for a successful integration of PPM with corporate governance and examines the substantial benefits it can bring. I.Why […]
Managing contract Changes
I.Introduction to Contract Change management In the context of complex project management, contract change management represents a significant yet essential challenge for ensuring project success and profitability. Effective management of contract changes not only maintains the balance between stakeholders but also ensures that the project stays on track, meeting both the planned deadlines […]
Change Management in Complex Projects
1. Introduction to Change Management In contract management for industrial and construction projects, change management is a crucial strategic tool. It allows for the flexible validation of adjustments to the scope of work. This guide demystifies contractual change management, highlighting its impact on project performance. We will also explore the necessary processes to […]
Key Performance Indicators (KPI)
1. Introduction: The Importance of Key Performance Indicators (KPI) In the management of large-scale projects, whether in construction, engineering, or technology deployment, the use of Key Performance Indicators (KPIs) is essential. These performance indicators not only measure the efficiency of project processes but also ensure constant alignment with the company’s strategic objectives. With […]
Best Practices for Construction Project Coordination
The coordination and steering of OPC operations require a strategic orientation towards best practices, with the goal of ensuring a robust planning process. The robustness of planning is a key trust factor for project owners. Project managers must adopt high-performing and exemplary practices to ensure that projects are delivered on time, within budget, and […]
True Cost of Project Delay : how to avoid it?
Cost of Project Delay : how to avoid it? For large investment projects, delays in relation to contractual deadlines can amount to several hundred thousand dollars. In fact, for an average size project, even a 10% overrun can impact the profitability of your projects. If we extrapolate this figure to the average 20% delay […]
The synergy between project management and contract
Project management can be complex and unpredictable, leading to delays, budget overruns, and unsatisfactory results. To avoid these problems, it’s important to combine project management with contract management. Contract management makes it possible to clearly define the obligations and responsibilities of each party, as well as the conditions under which the project will be […]
AI and contract management
In an era where technology reshapes the contours of industries, Artificial Intelligence (AI) stands at the forefront of this revolution, offering both vast opportunities and notable challenges, particularly in the realm of contract management. This article explores how AI is transforming contract management practices, highlighting the potential benefits and obstacles that organizations might face […]
