Differences between a Traditional Project and an International Project Management?
Average reading time is 8 minutes The corporate world is becoming more and more interconnected than ever before. You can be starting your day off by liaising with the procurement lead in Singapore, have an afternoon zoom call with the financial controller in China and end off your day with a Google Hangouts meeting with your colleagues back in Germany. Simply put there are no borders for business in today’s interconnected world. For project managers, this means that there are no boundaries for projects. It is a global project now. Managing a global project has obvious differences to a…
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EQ vs IQ: Which is better in the workplace
Average reading time is 7 minutes Throughout history, scientists have tried to measure intelligence in many ways and formats. As such, two distinct measures of intelligence were penned – The intelligence quotient (IQ) and the emotional quotient (EQ). For a business seeking new employees, finding highly intelligent candidates which align to their company’s vision and values is extremely crucial. As such, it is highly important that hiring managers, aspiring job applicants and managers to understand the differences between IQ and EQ to understand which should be better fostered to enhance individual and company performance. We’ll be discussing what IQ and…
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3 Reasons why cost overruns occur
Average reading time 5 minutes Project managers handle different aspects of a project from ensuring the project is within scope to managing the cost of the project. An important aspect of managing a project is cost. According to a report by Standish Group, 71 percent of projects experienced a cost overrun. Hence, project cost is a key aspect for project managers to look into. Project managers need to ensure that the project cost incurred is within the project budget. When project costs exceed the project budget, it is known as cost overrun. Let’s explore 3 common reasons why cost overruns…
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How to Manage a Plant Shutdown
Average reading time is 8 minutes Shutdowns and turnarounds are often major tasks during a plant’s life cycle. This is because such tasks improve the life expectancy of the plant, helps in maintaining inventory levels and reduces the magnitude in an event of a loss in revenue. However, since shutdowns are labour intensive and costly operations, it is imperative that managers and those in the management team understand how shutdowns can be better managed to meet expectations. In this post, we’ll cover 4 key tips in managing plant shutdowns. Major maintenance shutdowns can be stressful for both maintenance and operations…
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The 3 Main Categorization of Marine Fenders
Average reading time 8 minutes During ship to ship transfer for Liquefied Natural Gases (LNG), ships are often docked very close to one another. As such there is often a large risk involved when engaging in such operations since the ships wold have a risk of colliding into one another. As such to minimize the risk involved, it is imperative that managers understand the best practices and procedures involved in the process of ship to ship transfers for LNG. In this post, we’ll cover the 3 key categorisation of marine fenders, which are crucial logistical tools involved in the ship…
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Human Factors in Safety: How do we apply them?
Average reading time is around 9 minutes Human factors are the science of people at work. Being primarily concerned with the understanding of human capabilities, the study of human factors allows engineers and managers to apply this knowledge to the design of equipment, tools, systems, and processes of work. Human factors can use input from many disciplines, such as design and engineering, and is often regarded as a mix of engineering and psychology. Human factors are often seen as an important field that managers and engineers should understand as it aids in enhancing safety and reducing errors in the organisation. …
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How often must you inspect your storage tank?
Average reading time is 4 minutes Many organizations in the petroleum industry own storage tanks. Usually, these storage tanks are built to American Petroleum Institute (API) standards. If it has been a while since your organization has invested in the storage tanks, you may start to notice some wear and tear of the storage tanks. Well, what are the inspection and maintenance requirements of those assets? All storage tanks that are built to American Petroleum Institute (API) standards must undergo regular API 653 inspections. API 653, 6.2.1 lists the complete list of factors that determine the frequency of the inspection…
Read MoreWhen is a port deemed to be safe?
Average reading time 8 minutes For the two different types of charter parties – both time and voyage, the safe port warranty is a fundamental component that is required for both charter parties. This is because it protects owners from being directed to an unsafe port during a charter, and it enables owners to refuse to follow orders to proceed to an unsafe place, and to recover damages from charterers if they proceed to an unsafe port and suffer loss as a result. Therefore, it is important for people in the marine and legal industry to understand the safety clauses…
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Loading Master: Safety precautions for pre-berth exchange during COVID-19
Average reading time is 7 minutes As loading masters, one of the many tasks that they are often required to oversee include the pre-berthing exchange of information. However, considering the recent pandemic, COVID-19, many operational tasks that follow the loading master job has been tweaked to ensure safety. Therefore, we’ll cover the few precautions to note when loading masters are tasked to complete the ship-shore safety checklist during this pandemic. Effective completion of ship-shore safety checklist by tanker and terminal operators is an important step towards achieving safe and efficient cargo transfer operations during a ship’s port call. At a…
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How to measure the effectiveness of internal corporate communication?
Average reading time is 4 minutes Imagine this. An important corporate event is just around the corner. As an internal communicator at work, you and your team have been working hard on perfecting your internal communication plan for this event. You are convinced that your strategy would gather a huge turnout for this important corporate event. However, to your dismay, many did not even know about the event and hence, didn’t turn up for the event. You can’t help but wonder what could have gone wrong. Does this situation sound familiar to you? Hollinger Scoot has published that 41% of…
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