Importance of engineering, procurement, and construction for the industrial projects | Training in PRIMAVERA software | MITSkills, Pune

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Importance of engineering, procurement, and construction for the industrial projects. http://www.mitskillsindia.com/ http://www.mitskillsindia.com/ 1

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Importance of engineering, procurement, and construction for the industrial projects. The industrial sector has gone leaps and bounds in the last few decades bestowed to the technology, robust machines, and innovations. It is an era where people prefer to take fewer hassles and get work done quickly.   The same principle when applied to the industrial sphere, led to greater reliance on the EPC contractors. EPC refers to engineering, procurement, and construction. These three terms are the important phases of any project that embark on after the investment decisions are untaken. In case of the traditional projects, several contractors were hired to take care of different aspects related to engineering, procurement, and construction involved within a project. This led to a lot of havoc on the companies as they were dealing with multiple contractors and worrying about different workers and their well-being. Furthermore, the companies had to keep a track of the payments, work details, liabilities and other details of all the workers which often delayed the projects and exceeded the budget.  Then came the concept of EPC contractors, where the entire task is allotted to a single contractor or company.  There are several advantages of EPC which are applicable to every project irrespective of its size or complexity. http://www.mitskillsindia.com/ 2

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http://www.mitskillsindia.com/ 3 1.  Cost Management When companies hire multiple contractors, then each contractor charges his fees and sometimes the bills are so big that they have to pay even for those expenses that were unnecessary. One contractor means making payment only once so even if he charges anything extra it will still be much less than the extra amount charged by multiple sellers. 2.  Time Management When companies deal with a single contractor, the payment is made once, the contract is signed once and there are fewer burdens on the company which saves a lot of time. Furthermore, the project is also completed on time since all the task is handled by one company which reduces the chance of any conflict or confusion.

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http://www.mitskillsindia.com/ 4 3.  Minimum Liability With EPC contractors, the companies only need to worry about supplying the required goods at the right time so that the job is finished quickly. Apart from this, the entire liability on the job site is taken upon by the EPC provider. The causalities occurring on the site is also looked upon by the providers. 4.  Quality Management and Risk Management Since the entire project is handled by a single EPC contractor, there will only be a single project manager. It becomes easy for the company to elaborate their requirements and explain the details of the project. The risks can be anticipated, problems or faults can be identified and rectified from time to time till the final design is ready for approval.

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http://www.mitskillsindia.com/ 5 5.  Project Management The task of project management is also carried out easily in case of EPC projects as there is a single project manager who can monitor, control and manage the project without the interference of other parties as in case of multiple contractors.   Since EPC projects are so much beneficial, they are becoming very much popular and sought-after. A Post Graduate program in EPC projects offered by MIT Skills accustoms the candidates with the technicalities and fundamentals of EPC projects. Our course includes teaching the use of MS-project and Primavera software which are very much essential for modern-day project managers. The course uplifts your skills and makes you ready to make your career in project management, project controls, engineering management and construction management.

Summary: A Post Graduate program in EPC projects offered by MIT Skills accustoms the candidates with the technicalities and fundamentals of EPC projects. Our course includes teaching the use of MS-project and Primavera software which are very much essential for modern-day project managers. The course uplifts your skills and makes you ready to make your career in project management, project controls, engineering management and construction management.

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