Mastering EPC Project Management" is a comprehensive guide that delves into real-time monitoring and control of key lead indicators in the context of Engineering, Procurement, and Construction (EPC) projects. This resource equips project managers with the essential tools and strategies needed to effectively oversee and optimize the various phases of EPC projects, ensuring timely delivery, cost efficiency, and quality outcomes. Download now: https://www.wrenchsp.com/all-webinars/mastering-epc-project-success-real-time-monitoring-control-of-key-lead-indicators-a-smartwatch-approach/

1. Mastering EPC
Project Success:
Real –Time Monitoring
& Control of Key Lead
Indicators
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Real-time monitoring enables swift action,
enhances decision-making, and ultimately
drives sustainable growth and innovation
within the organization. By tracking these
indicators closely and immediately responding
to any deviations, businesses can detect
issues early, make proactive decisions,
optimize resource allocation, track
performance effectively, and foster a culture
of continuous improvement.

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 Lead Indicators are metrics that show trends of project performance
 Project Performance Indicators shall be
• Actionable
• Credible
• Traceable
Lead & Lag
Project
Indicators
 Lag Indicators of one phase becomes a lead indicator
for the next phase.
E.g.: Actual Progress of the Engineering phase provides lead indication
on what is expected from Procurement & Construction.

4. Lead &
Lag
Indicators
Lag Indicators
 Actual Progress
 Actual Cost incurred
 Number of milestones achieved
 No of Incidents
 No of NCR’s
 Qty of construction achieved
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Lead Indicators
 Forecasted completion
 Cost At Completion
 No of near Misses
 No of Quality Observations
 Productivity Trends
 Correspondences sensitivity

5. Setting up
the Project
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 Define where we want to reach- Scope
 When we need to reach –Schedule
 Define Milestones
 Logically plan to reach milestones
 Plan resources to reach the
milestone.

6. Risk Management
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 Uncertainty and their Risks never go away.
 They are always there.
 They are unavoidable.
 Identifying risks without communicating them is a waste of
time
 Managing in the Presence of uncertainties is critical to
reaching our goal.
Monitor and alert
on the Risk rating
periodically

7. Safety performance Indicator
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 Number of observations
• Unsafe Acts
• Unsafe observations
 Near Misses
 Incidents
 Trainings
 Work Permit violations

8. Measuring Progress
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Getting Progress from
Planned activities or from
somewhere else?
Project Managers shall not
be complacent with only
the actual progress
percentages

9. Consolidated
View from
Single
Platform
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 Capture all the project data in one platform
 One Platform to analyze and provide visualization
of Project KPI’s
 Establish robust plan
 Capture actuals from the source as the action
happens
 Integrate with other applications
 Leverage latest technology
 Provide access-based visibility to stake holders
 Provide deep down views as needed

10. Key
Presenters
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Sajith R Nair, PMP
Client Value Maximisation
Director
Manesh Alias
COO , Wrench Solutions

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