PMC, Technical Customer, EPCM and EPC: what is the difference
Four terms often used interchangeably in Central Asia — and four fundamentally different allocations of responsibility, risk and money. Here is how they differ and when e…
Insights
Insights: practice notes on project management
Material that answers specific questions from investors and project directors. No company news, no general commentary.
Topic
Insights found: 10
How to verify a project's real completion date
If you are given a new completion date every month, the problem is not the date — it is the absence of any instrument for calculating it. Five checks that let you assess …
Cost to Complete: will the money last to the end of the project
Sixty per cent of budget spent does not mean forty per cent left to spend. How the final cost forecast is built, and why without it a decision to inject more funding is t…
When an investor needs a project audit
Project audits are usually commissioned too late — once the answer is already obvious and the options are already expensive. Seven signals worth acting on, and what to re…
Long lead items: why procurement sets the start-up date
On an industrial project, construction productivity rarely sets the start-up date. It is set by the item with a fourteen-month lead time that somebody remembered in month…
Managing construction projects in Kazakhstan: what is different
International management methodologies work in Kazakhstan unchanged. What changes is the context: permitting procedures, the structure of the contractor base, seasonality…
Managing construction projects in Uzbekistan
Uzbekistan is a market with high investment activity and a fast-growing contractor base. For an investor that means more opportunity — and a higher price for weak project…
Construction is finished but the asset will not hand over. Why
On many projects, months pass between "works complete" and "asset operating" — months that were never in the schedule. This is not accident but the consequence of never p…
How to choose a PMC or technical customer: 10 questions
Project management companies' presentations look alike. The only way to tell them apart is to ask about specific instruments and artefacts. Ten questions, and what a good…
Value engineering: where the money is actually saved
Saving during construction is late and usually means saving on quality. The real potential to reduce cost sits in design decisions — and it disappears as working drawings…
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