With the industry’s requirement for control of costs, delivery time and quality, and not least as a result of the last few decade's demand for engineering, procurement and construction (EPC) deliveries, Aker Solutions has developed an approach to project execution excellence. For the purpose of successful execution and delivery, the Project Execution Model (PEM) is implemented across Aker Solutions worldwide.
The Project Execution Model is the most important business initiative within Aker Solutions and forms the basis for standardising our project execution methodology across our diverse business. It enables more consistent and improved performance towards satisfying our customers' expectations, as well as sustainable business presence in the markets we are currently participating.
The main principles of the PEM are:
- A common approach irrespective of size and complexity.
- Predictable successful outcomes to product delivery.
- Enhanced risk management.
- More effective work processes.
- Common language and terminology.
- Effective communication and utilisation.
- Activities carried out at the right time and in the right sequence.
- Milestone gate reviews at the control level of the model.
- Auditable documentation and decision-making process.
- End product focus for effective project planning of future activities.
- Defined roles, responsibilities and accountabilities throughout life cycle.
- Empowerment, accountability and hands-on management.
- Continuous learning.
We have an experienced resource of project management and project services personnel to ensure that all projects, large or small, are executed in accordance with the PEM and project specific execution philosophies.
In general terms, the key aspects of our overall project management approach can be summarised as follows:
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