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🏭 Industrial Revolution 🎩 Situation: The construction of the first transcontinental railroad in the United States (1863-1869) was a massive project that transformed the nation's economy and society. The project required coordination across multiple companies, navigating challenging terrain, and overcoming logistical and political obstacles. Best Approach: Use the PMBOK's project charter and scope management processes to clearly define the project's objectives, deliverables, and constraints, ensuring alignment among the various railroad companies involved. Implement a robust stakeholder engagement plan (PRINCE2) to manage the competing interests of government officials, investors, and local communities along the route. Apply lean construction principles to optimize the flow of materials and resources across the vast construction site, minimizing waste and delays. Establish a comprehensive risk management plan (ISO 31000) to identify and mitigate potential hazards, such as difficult terrain, weather conditions, and labor disputes. Use earned value management (PMBOK) to track progress, manage costs, and communicate project performance to stakeholders, ensuring transparency and accountability. At Acute PMC, we draw inspiration from the visionary leaders and project managers who drove the industrial revolution. Our team brings a transformative approach to every project, helping you navigate complex challenges and deliver game-changing results. #ProjectManagement #IndustrialRevolution #TransformativeProjects #AcutePMC #OvercomingObstacles #GameChangingResults

Feasibility studies are the cornerstone of successful infrastructure projects. From evaluating technical and financial aspects to ensuring sustainability and risk mitigation, a well-crafted study lays the foundation for project excellence. Dive into my latest article for a step-by-step guide on conducting impactful feasibility studies that drive informed decision-making and long-term success. #CivilInfrastructure #FeasibilityStudy #ProjectManagement #Sustainability

Shaping the future of delivery 📈 As 2024 comes to a close, we sat down with Caroline Lassen, our Global Lead for Programme, Project and Construction Management, to explore how we’re redefining ambition and delivering for our clients. From embedding sustainability into every decision, to applying knowledge and best practices from some of the world’s most iconic projects, Caroline shares how our approach goes far beyond time, cost, and quality to create lasting legacies. 🎥 Watch the video to see how our Programme, Project and Construction Management services are driving progress and shaping the future.   #MaceConsult #MaceUK #ConstructionManagement

Following the opening presentation, Vishwambhara Kumbharathi PMP, CEP, PSP, Board Member of the American Association of Cost Engineering, took the stage with a session on "Strategic Cost Management for Large-Scale EPC Projects." Vishwambhara discussed essential strategies for managing project costs, including precise budgeting techniques and forecasting models to predict expenses accurately. He also shared insights on using advanced control systems for real-time monitoring, value engineering to find cost-saving opportunities, and developing contingency plans for unforeseen financial challenges. His approach to lifecycle cost analysis ensures the long-term financial sustainability of large-scale EPC projects. #EPCSummit #CostManagement #ProjectManagement #EPCProjects #Houston2024 #Budgeting #ValueEngineering

All projects need to be carefully monitored throughout their life cycle to ensure operational continuity and compliance with evolving regulations and environmental standards. Deviating from established criteria can put your operations at risk, leading to financial costs, scheduling delays and social challenges. To mitigate the risk of disruptions, you need to coordinate each critical aspect of the project meticulously and diligently. Even projects designed and built to the highest environmental standards can encounter unforeseen situations, requiring owners to adapt and innovate once facilities become operational. When faced with a complaint, incident or necessary change, a customized response plan can help you act with agility and resilience. This allows you to take quick action, effectively managing the situation and minimizing its impact as you apply the right corrective measures. With extensive experience in the industrial sector, BBA’s experts develop and execute flexible, easy-to-manage custom plans to minimize disruptions and help you react promptly to unforeseen situations. Whether you want to implement mitigation measures early in the project life cycle or address a specific need in an ongoing project, you can rely on the technical knowledge and experience of our integrated team. To find out more 👉 https://lnkd.in/gJTGMYqr

THE ROOT CAUSES OF DELAYS AND OVERSPENDING Poor Planning  A staggering 57% of delays and overspending in capital delivery projects are attributed to poor planning. Inadequate initial assessments, lack of detailed project timelines, and insufficient risk management can derail even the best-intentioned projects. A truly integrated planning process is rarely in place, where contractors, sub-contractors, suppliers, and the water company coordinate all activities using one planning portal. Without a cohesive approach, fact-based discussions on project progress are impossible, leaving little room for delays. Importance of a Cohesive Approach  To overcome these challenges, the water industry must adopt a cohesive and fact-based approach, set realistic targets, and foster strong partnerships between all parties involved. By addressing frontline root causes and behaviours, changing the way people think and operate, and ensuring thorough on-the-floor analysis of operations, the industry can achieve real change and substantial financial results quickly. Together, we can make it happen. Let's foster cooperation and ownership of results for sustainable impact in the water industry's capital projects. Proudfoot #tps #theproudfootsystem Matthew Shimmin #WaterIndustry #CapitalProjects #ProjectManagement #Collaboration #SustainableImpact   

How do you reconcile the climate ambitions with the demands of project delivery, and even tiered procurement? This event will explore how alignment of the whole project team can be created and reinforced proactively through commercial management. https://lnkd.in/efs2j4hA

"Value engineering, although challenging in fast-paced projects, is achievable through diligent planning." Dive further into this insight along with other project management best practices from JNE Consulting's own Scott Dumville in this article for Construction Business Review. https://lnkd.in/eeBRTRDx #EngineeringSuccess

How do you unlock the key for successful major infrastructure projects? Here’s a big hint: it all starts with strong preparation. Yet so many project managers wonder: What does that look like in practice? We say: Why wonder when you can be informed? As Thomas Sherman, Director of Public Sector Initiatives and Programming at AIAI, advises: “If you don’t know what you’re dealing with, it’s hard to identify the risks and put the proper mitigation plan in place.” Without the right foundation, infrastructure projects can stall for years, even decades. Download our latest industry report to learn more about how detailed preparation can set your project up for success: Procurement Outlook 2024. The download link is in the comments.