Engineering and Design
Engineering and design process has six steps to follow. They are Initiation, implementation, planning, programming, estimation of the cost, time and logistics, valuation of the project and finally the complete project design. Briefly, it is a blue print for the entire project you can also compare it with a detailed road map to guide the client through the Project. They say well begin is half done and this is why this part is the most important part.
Procurement is the phase of realization; this is the phase where important functions like Purchasing, Expediting, Receiving, invoicing & reconciliation takes place, this is the stage of actual preparation and this is where the project comes out of the Black & white status. In the language of common person, we can say this is the stage where things actually start falling in place.
EPC project also have this moniker of being LSTK (lump sum turnkey) Projects. This is the time when they start creating the part that needs to be assembled on the real site. In the past, it was a time consuming process where they prepare all that stuff on the construction site itself. Now they prepare most of the things at separate places or various factory outlets. In the later stages, they can assemble in on the main site.
Construction part is the traditional part of the process with a twist. When you get it in to it through EPC route then construction becomes a calculated affair. It means that EPC companies can help the logistics of a construction activity and streamline this process well in advance. The best part of EPC is the fact that construction gets this cushion from both the sides. You are taking care of it in the planning and procurement stages, reviewing, and patching it up in the Maintenance stages.
This is an important feat of the process where your construction partner or EPC provider can have this bird’s eye view on the construction events and make necessary corrective measures from time to time. In principle, EPC solution providers prepare Construction Schedule, On-site Material Handling. They also act like a single point contact for the client related to the development of the project and handle On-site Client Communications. Things like quality check and cash inflow comes under the same head
Project management is a vast term for all the above activities that are mentioned here. There are certain other things like contracts, liabilities, Cost certainties, necessary liaisons with certain other departments also comes under this head. Monitoring of the project is also a part of this same thing. Right from quality to the final inception and closing of the project comes under this head of EPC process.
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