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Reasons why EQ is an important facet of Leadership

8th July 2020
Reasons why EQ is an important facet of Leadership

Average reading time is 7 minutes <Reasons why EQ is an important facet of Leadership> Emotional intelligence in the workplace (EQ) is becoming a pretty hot topic for business, maybe even bordering on buzzword territory. In fact, many research articles and papers have begun correlating high emotional intelligence with success at work. It is highly important that aspiring leaders in workplaces understand why EQ is such an important facet of leadership. This will enhance their individual performance and boost their company’s revenue. Thus, in this post, we’ll be discussing why EQ is such an important facet of leadership and how...

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EPCIC: Managing issues like Delay

6th July 2020
EPCIC Managing Issues like Delay

Average reading time is 5 minutes <EPCIC Managing Issues like Delay> In the oil & gas industry, EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contracts may encounter delays which can result in billion-dollar losses and multiple lawsuits. Thus, prudent parties would often start scheduling for a project from the Invitation to Bid (ITB) stage itself. Therefore, it is imperative that contract professionals understand how to better manage these cost impact clauses to circumvent or mitigate the effects that delays could result in. In this post, we’ll cover how to manage issues like delays when drafting the contractual terms of an...

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What Triggers a need for Process Safety Management System?

1st July 2020
What Triggers a need for Process Safety Management System and Why it is Important

Average reading time is 7 minutes <What Triggers a need for Process Safety Management System?> Process Safety regulations play a crucial role in ensuring the safety of workers, the public and the environment. To aid in the meting out of regulations, Process Safety Management (PSM) is designed to manage the integrity of operating systems and processes handling hazardous substances by applying good design principles, engineering, and operating practices. As such, establishing a sound Process Safety Management (PSM) program is vital to any business that has highly hazardous substances onsite. Therefore, it is important that HSE professionals and business leaders understand...

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Understanding API 580 Risk Based Inspection

29th June 2020
Understanding API 580 Risk Based Inspection

Estimated reading time: 3 minutes <Understanding API 580 Risk Based Inspection> What is Risk-Based Inspection (RBI)? Risk-based inspection (RBI) is a procedure in which industrial risks resulting from equipment or structural degradation are identified, assessed and categorised. This is done by an analysis of the probability and consequences of failure associated with each equipment, component or structure, a proper inspection and maintenance programme is then developed. Why use RBI? RBI is a powerful tool if carried out correctly, as part of a long-term strategy. It can be used to identify and understand risk, risk drivers, and where equipment is in its...

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6 HSE Management Standards that You Need to Know

26th June 2020
6 HSE Management Standards that You Need to Know

Average Reading time is 8 minutes <6 HSE Management Standards that You Need to Know> A Health, Safety and Environmental (HSE) Management System refers to the set of initiatives that an organisation follows during their operations to manage any risks that are associated with HSE issues. An ideal HSE management system is one that reduces HSE risks. When designing the HSE management system it is important for new HSE managers and HSE engineers to understand what are the essential HSE management standards they must adhere to. We’ll discuss the 6 essential HSE management standards that should help frame the design...

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Who is a digital leader and how you can be one.

24th June 2020

Average reading time 5 minutes <Who is the Digital Leader and How you can be one?> The word “digital” has been the biggest buzzword in recent decades. In this digital decade innovations such as AI, automation and digital transformation is fast emerging. If you have ever thought of how you can utilise these emerging technologies to better reach your business goals, then you a digital leader! Simply put, a digital leader is someone who values communication, creative problem-solving skills, and actively uses new technologies to solve business problems. How then can you be an effective digital leader? Focus on improving...

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5 Ways to improve Team Leader Skills

22nd June 2020
5 Ways to Improve Team Leader Skills

Estimated reading time: 6 minutes <5 Ways to Improve Team Leader Skills>  Team leaders are crucial in an organisation because they help develop strong teams and improve the efficiency to do the tasks. A recent survey showed that 63% of the organisations believe that their skills are not fully developed to be a great team leader and needs improvement. Improving the ability to become an effective team leader is one of the most powerful moves one can do to transform the performance of their firms and themselves. In the process of improving the team leader skills, the candidate becomes more...

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What is meant by a Media Crisis & why is it important?

19th June 2020

Average reading time 7 minutes <What is meant by a Media Crisis & why is it important> With the advent of the internet and the proliferation of social media tools, humans have become increasingly connected. In fact, reports from We Are Social and Hootsuite reveals that there are now more than 4 billion people around the world using the internet and approximately 3 billion have access to social media platforms. Therefore, communicating messages effectively to the media is an essential part of successfully managing any organization. As such, saying the wrong things at the wrong time can cause a company...

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6 Key Reasons why Tenders Fail

17th June 2020
6 Key Reasons why Tenders Fail

Average reading time 6mins <6 Key Reasons why Tenders Fail> Tendering is often viewed as a complex process with a lot of uncertainty present. In fact, the chances of success in tendering is low due to the high volume of competition that suppliers often must compete with. This is due to the tendering process being a mandatory process used in many government organizations in Singapore for projects and purchases. It is also pertinent to the United States, where the law explicitly states that approximately 23% of the US government organisations award their contracts to small businesses yearly. Hence, it is...

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5 Features of EPC contracts

15th June 2020
5 Features of EPC Contracts

Estimated reading time: 3 minutes <5 Features of EPC Contracts> EPC contracts are the most common form of contract used to undertake construction works of large scale and complex infrastructure projects in the global power industry. Under an EPC contract, a contractor is obliged to deliver the complete facility to a developer who needs to only turn a key to start operating the facility. EPC contracts tend to deal with issues with greater sophistication than other types of construction contracts. This is because an EPC contract is designed to satisfy the lenders’ requirements for contract’s bankability. EPC contracts provide organisations...

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