EPC companies admit they didn’t invent project management and seek professional help.
Engineering, procurement and construction (EPC) companies are having their share of project management-related problems these days. The nature of the industry has changed. The projects are the same — megaprojects lasting for years and costing hundreds of millions into the billions of dollars — but the “owners” of such projects no longer seem to have the key technical staff to “ride herd” on their contractors. Vendors are managing vendors and projects are suffering as a result.
For years, EPC firms looked inside for their professional development needs but that is changing. More EPC organizations now seek the services of outside vendors to ensure that their project managers receive the latest and most up-to-date project management training and advisory services. It’s a 180 degree change from years of believing only they had the knowledge to teach project management to their staff.
ESI International’s top 10 trends in project management highlight the need for leadership within projects, whether agile or Waterfall. They also discuss the challenges associated with finding qualified PMs, and finding the right balance of PM approaches in this evolving industry. ESI International’s top 10 trends in project management were identified by a global panel of ESI senior executives and subject matter experts.