Proactive vs Reactive: Winning at Project Risk Management
In project management, risk is inevitable. Every project, regardless of its size or complexity, carries uncertainties that could impact its objectives. The question is not if risks will arise, but when and how prepared you are to handle them. This distinction gives rise to two key approaches in risk management: proactive and reactive. Let’s explore […]
Integrating Project Portfolio Management (PPM) with Corporate Governance: Key Strategies and Benefits
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. Why is Integrating […]
The Importance of Contract Change Management for Maintaining Project Performance
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 and […]
Change Management: To succeed in Complex Projects
1. Introduction to Change Management In contract management for industrial and construction projects, change management is a critical strategic tool. It allows for flexible validation of scope adjustments. This guide demystifies contractual change management, highlighting its impact on project performance and exploring the necessary processes to better handle cost and schedule impacts. Some changes involve […]
Key Performance Indicators (KPI)
1. Introduction to the Importance of KPIs In managing large-scale projects, whether in construction, engineering, or technological deployment, Key Performance Indicators (KPIs) are essential. These performance metrics help measure not only the effectiveness of project processes but also ensure constant alignment with the company’s strategic goals. KPIs allow managers to closely monitor project progress and […]
Coordination and Project Steering in Construction: Best Practices
The coordination and steering of construction project management (OPC) require a strategic orientation toward best practices, aiming for robust planning. A solid schedule is a criterion of confidence for a project owner. Project managers must adopt effective and exemplary practices to ensure projects are delivered on time, stay within budget, and meet performance standards. This […]
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 experienced […]
Project predictability thanks to the combination of project and contract management
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 carried […]
The Intersection of AI and Contract Management: Opportunities and Challenges
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 as […]
PMO: Pillar of Business Transformation and Strategy
Introduction to Business Strategy The PMO (Project Management Office), as a pillar of business transformation and strategy, plays a pivotal role, bringing clarity and direction to business strategy. This entity orchestrates strategy and tactics, essential for the success of multifaceted projects. The aim of this introduction is to crystallize the value of the PMO, emphasizing […]
