What is EPC Construction Management?

Engineering, procurement, and construction contracts are the most common form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects. Under an EPC structure, the contractor is responsible for the design, construction and completion of the facility for a fixed contract price and by a fixed time for completion. ... EPC contracts are typically used because they are 'bankable'. There are three types of contract on a project: fixed price, cost-reimbursable (also called costs-plus) or time and materials

What is difference between EPC and Tunkey Projects?

In turnkey, contractor is responsible to perform construction and commissioning, start-up and take over of the plant to employer, but in EPC, it may be the responsibility of other third person to do commissioning and start-up.

What is difference between EPC and PMC Projects?

An EPC contractor performs the engineering, procurement and construction scope(s) for a project, i.e. the EPC executes the actual work. On the other hand, a Project Management Contractor (PMC) manages a project or part of a project on behalf of the project owner. PMC (Project Management Contract) is a project management contract that includes management of Customer and Contractor resources with responsibility for the result.

What is Construction Consultant?

Construction consultants help clients make sound preparations for their upcoming projects and ensure that contractors complete the project on cost. They provide cost estimates, draw budgets, select contractors, administer construction contracts, and resolve differences between contractors and project owners. Generally, a Consultant is a self-employed independent businessperson who has a special field of expertise or skill. ... On the other hand, a Contractor is a self-employed independent businessperson who agrees (contracts) to do work for another usually for a fixed price.

What is Project Management?.

e.g. EPC Project, Construction, Infra, BOT/PPP, Contract, PAD AC Installation, Software Projects etc.

Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, quality and budget. The secondary—and more ambitious—challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives.

What is (WBS) Work Breakdown Structure?

e.g. Departments like Enginnering, Procurement, Manufacturing, Construction, Commissioning etc.

A work-breakdown structure (WBS) in project management and systems engineering, is a deliverable-oriented breakdown of a project into smaller components. A work breakdown structure is a key project deliverable that organizes the team's work into manageable sections. The Project Management Body of Knowledge (PMBOK 5) defines the work-breakdown structure "A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables."

What is (PBS) Product Breakdown Structure?

e.g. Engineering Drawings, Procured or Manufactured items, Construction & Commissioning Service, Software module etc.

A Product Breakdown Structure (PBS) is a hierarchical structure of things that the project will make or outcomes that it will deliver. It can be thought of as the project shopping list. It decomposes a Main Project Product into its constituent parts in the form of a hierarchical structure.

What is (ABS) Activity Breakdown Structure?

e.g. Preparing PO, Receiving Material, QC, Cutting, Fitting, Installing etc.

Every Product to be delivered as per PBS requires certain ERP Activities to be performed. This feature is missing in most project management softwares. Unless you integrate ERP tightly with project management you cannot execute projects properly.

What is (TBS) Team Breakdown Structure?

e.g. Disciplinewise engineers like Process, Civil, Electrical, Instruments, Mechanical, Piping, Programmers etc.

Disciplinewise Teams or People are required to do above mentioned Activities to deliver Product mentioned in PBS. Who will perform or do what work is assigned by Project Incharge or Department Manager. System automatically makes TODO List for Teams and measures delays/progress.