A Project Approach To Optimize Time and Cost - Petroleumclub.ro

<strong>Project</strong> Execution – <strong>Project</strong> Management• Establish project execution strategy fully aligned with customer’s requirements.• Develop project schedule (engineering, procurement, construction,commissioning)• Develop budget.• Issue <strong>Project</strong> Execution Plan <strong>and</strong> Quality Plan.• Define Design Freeze points, Change control <strong>and</strong> change management.• Plan transition from FEED to next project phases.• Assign specialists to key positions, manage project team.• Plan strategic procurement. Leverage benefits of alliances <strong>and</strong> best costcentres.• Establish responsibilities matrix. Assume lead role in coordinating 3 rd parties.• Preliminary plan the site support organization.• Actively apply integrated project management to optimize project cost <strong>and</strong>schedule.Slide 18