Projects by their nature are exposed to different risks and it is the responsibility of the project management team to manage these risks. But before you can manage risks, you need to identify and quantify the risks with a view to putting mitigations in place and this is where risk modeling comes in.
Subsea 7 announced today the award of three contracts by Woodside since December 2018. Each contract is for engineering studies and includes an option for Woodside to proceed to the execute phase with an engineering, procurement, construction and installation (EPCI) contract.
As projects continue to find ways to optimise time, cost and resource constraints, a leading project management consultant strongly believes that blockchain technology is the future of effective project controls.