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Horizons Newsletter

Bringing You the Latest Trends in Project Management and Business Analysis

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Energy

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The energy industry includes a diverse group of organizations ranging from oil and gas companies to electricity providers to suppliers of alternate power. While the industry represents a variety of manufacturers, sub-contractors and services companies, the industry as a whole faces many similar challenges.

Success in this mature industry depends on these companies' ability to:

  • Increase the efficiency of traditional energy production and find alternate energy sources
  • Manage health, safety and environmental issues effectively
  • Upgrade current processes through wider use of technology

Increase in Demand, Limited Natural Resources Dictate Need for Efficiency, Alternate Forms of Energy

The need for more energy continues to grow, due in large part to the increased use of technology products. However, the natural resources available to produce energy, like crude oil, are not limitless. The finite amount of energy resources coupled with the increase in demand, calls for more efficient ways of exploration and production as well as finding alternate, more sustainable sources of energy. New product development of this kind requires collaborative research and development efforts.

Expert project management throughout the organization becomes a necessity to coordinate the efforts of team members who are often dispersed throughout the organization and the world. In fact, many of today's major oil companies and other energy companies now consider general project management skills such as scheduling, cost control and risk management to be a required foundation skill for everyone in the company.

Process Improvements, Environmental Concerns and Safety Regulations Call for Experts

All over the world, governments are imposing new and tighter standards on all forms of energy production. But governments are not the only stakeholders. Today's consumers are more environmentally conscious as well as business-savvy. These consumers have many more options on how to heat their homes, provide electricity or even power their vehicles. Utility companies around the world have to compete not only through pricing and availability but also by producing and delivering environmentally conscious products that their customers demand.

Energy workers also are demanding safer work environments.Energy companies must comply with strict regulations to prevent on-the-job accidents. Keeping up with these increasing government regulations and demands by environmental groups, consumers and employees calls for environmental and legal experts, often from outside of the energy organizations.

Companies must find economical ways to improve existing plants. Process improvement plans and realistic risk management can help energy companies use their well-established plants for more efficient, safer and environmentally friendlier energy production. In order to keep up with the almost-daily changes in environmental standards and safety regulations while still meeting production schedules, many leaders in the industry are using more outside consultants. Developing process improvement plans and managing a diverse group of employees, consultants and experts - while satisfying regulatory and customer requirements - calls for effective, market-based project management.

Automation of Traditional Management Processes Increases Operating Efficiency

While the equipment used to mine and process raw materials has become increasingly sophisticated, energy companies often used low-tech methods to manage their projects and serve their retail customers. Now, numerous IT developments have emerged that can bring these traditional management and administration processes into the information age.

Energy organizations now allocate millions of dollars annually toward improved technology operations. The industry uses technology to manage its exploration and refinement of raw products and develop new energy sources. Retail sites have become electronic marvels, offering customers electronic payment options and even access to the Internet. Large networks are being built and maintained to help employees from different departments and worldwide locations stay connected. All of these ongoing IT projects need constant monitoring using the techniques of project management. Successful completion of these mission-critical, large-cap IT projects depends on standardized project management methods to ensure a return on investment and increased efficiency.

Learn Proven Techniques from the Leader in Project Management

ESI International understands the unique needs of managers operating in the energy industry. With more than 20 years of experience and a world-class project management curriculum, we can help you improve your competitive edge. We have helped many energy companies increase operating efficiency and better manage their current processes and IT projects. we will develop a custom solution for your company that may include classroom training, e-training, executive workshops, mentoring and consulting.

ESI has the largest and most comprehensive repertoire of solutions to transition a company's culture to one that is driven by project profitability. We will help your company identify the issues affecting financial performance and develop a means for tracking how project management can impact your bottom line. From there we will develop a custom solution that may include classroom training, e-training, executive workshops, mentoring and professional services.

ESI is a global company, working for a wide variety of clients around the world. We can support your company no matter where your offices are located, bringing our instructors and consultants to your site. Our experience with companies of all sizes gives us a unique insight into how organizations can benefit from effective project management processes.

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