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Market Forces Raise Stakes for Efficient Project Delivery

Market Forces Raise Stakes for Efficient Project Delivery

Market Forces Raise Stakes for Efficient Project Delivery

Financial pressures are forcing many organizations across the oil and gas industry chain to seek new efficiencies or reconsider capital expenditures. One potential strategy to drive cost savings lies in the use of program and construction management services, which can help organizations sustain key projects, rather than retrench, while still performing on budget and schedule.

Too often, highly complex capital projects undertaken by ownership groups that lack the in-house skill or staff resources necessary to closely monitor all details, especially for large-scale projects. But it is these details that often are the differences that make or break projects. In today’s environment, the delivery of complex capital programs often requires collaboration, efficiency, transparency and accountability – often in an integrated setting with multiple stakeholders.

Market Forces Raise Stakes for Efficient Project Delivery

In the hands of experienced program and construction management teams, projects are delivered in a repeatable, standardized and consistent manner across the entire program lifecycle. More than 40 percent of respondents to Black & Veatch’s 2016 Strategic Directions: Natural Gas Industry Report survey indicated varying degrees of willingness to consider program management to achieve these aims.

Download the full report to find out how program management services are benefitting project timelines and budgets.

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