While project success metrics are less than optimistic, effective project management can deliver tremendous business value by improving project execution and strategic resource alignment. Industry agree. An astounding 97% of organisations believe project management is critical to business performance and organisational success In reality, some projects will fail and yet, many failures are easily avoidable. In these situations, failure rarely has anything to do with project management itself. Taking a few relatively simple corrective steps can quickly illustrate the PMO’s value and head off trouble before it impacts how the PMO is perceived. According to the Harvard Business Review, purchased products and services account for more than 50 % of the average energy company’s total costs. Thus, even a 05% reduction in purchase costs can result in a significant increase in the profit margin for companies. It’s also important to have complete visibility into the suppliers’. Although the type of Project Procurement obstacles vary depending on factors such as location and depth of geological, technical and operational knowledge and nature of operating unit, challenges can creep into any part of the supply chain and create problems with ripple effects, whether it’s with delivery of in-bound materials or spare parts prior to demanding project schedule.MORE
Get precious insight on the most recent industry challenges such as Today’s market trends: – The common challenges faced by both contractors and projects owners, the key factors of successful project delivery. Network and discuss best practice with the key strategic decision makers from the oil & gas and power industry
Get benefit of this particular networking chance to present yourself as well as exchange business cards with other conference delegates. Focus on the people nearest to you and after that move around the room for additional details on other participants, their companies and projects.