EPCM
Engineering, Procurement & Construction Management (EPCM) firms have to take responsibility for the management of complex multi-site and multi-discipline projects and manage the coordination of multiple vendor relationships in order to meet clients project milestones and budget requirements.
In addition to the contractual, organisational and logistical challenges faced by EPCM firms, the requirement for the collection, management and control of key operational information; including design specifications and changes, environmental monitoring reports, permits and approvals data, is essential to ensure efficient project delivery and provide assurance that regulatory compliance requirements are achieved.
In particular, EPCM firms and Contractors must ensure that they have established flexible information management policies and solutions architecture, are able to adapt on a project by project basis to meet the application software and have data format standards and project management policies of their clients. It is a particular challenge to delivering EPCM services simultaneously, in a cost effective manner, to multiple clients while supporting multiple standards.
Efficient Project Management is reliant on effective Information Management. EPCM firms who adopt appropriate information management and collaboration strategies find that these can prove to be a differentiator and enable them to gain a significant labour and cost advantage over competitors.
Requirements to consider to track, share and report on key operational areas and integrate with client and contractor systems are:
- Project plans, delivery milestones and budget cost estimates
- Approved Contractors lists and Contractor Agreements
- Project Budget, Purchases, Receipts, Invoices and cost estimations
- Environmental, Heritage and conservation reports
- HSE Accidents, Incidents and Corrective Actions
- Hazardous Materials Register
- Personnel training certification and site access approvals
- Engineering design specifications and change orders
Velrada provides EPCM firms with a single source of experienced information management and collaboration consultants with strong domain knowledge in supporting Engineering and Construction Management organisations across a number of industry verticals; Civil, Mining, Oil & Gas. This ensures that that EPCM firms are able to:
- Define an Information Management strategy and design a flexible, cost effective Solutions Architecture
able to support multiple client requirements and minimise change management impact on each area of
the organisation
- Reduce costs and gain competitive advantage through the systematic capture, retention and reuse of
project knowledge
- Meet client deadlines and budget requirements through the adoption of appropriate project support tools
- Meet regulatory compliance through the timely and accurate reporting of information to the applicable agencies