Posts Tagged ‘cost management’
Understanding Preventive and Predictive Maintenance Strategy
Estimated reading time: 5 minutes Within a reliability-centered maintenance approach, preventive and predictive maintenance are top 2 most popular proactive methods of conducting maintenance. This prevents sudden issues or…
Read MoreProject Risk Management
Estimated reading time: 5 minutes Project risk management is defined as the process of identifying, analyzing and then responding to any risk that arises over the life cycle of…
Read MoreManaging EPC Contracts
Estimated reading time: 6 minutes There are several key success factors to manage EPC contracts. These types of contract are often referred to as Engineering, Procurement and Construction (EPC) contracts…
Read MoreControlling Turnaround Costs
Estimated reading time: 4 minutes Turnarounds are major events for refineries and other petrochemical facilities. They typically cost significant sums of operational expense and capital expense money to execute.…
Read MoreHow To Achieve Effective Cost Management?
Typically, cost management is concerned with the process of planning and controlling the budget of a project or business. it is inclusive of activities such as planning, estimating, budgeting, financing,…
Read More