Delays in Global Engineering Procurement and Construction Projects : Main Factors in Project Management
Moon, Elizabeth (2020)
2020
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020112624555
https://urn.fi/URN:NBN:fi:amk-2020112624555
Tiivistelmä
The purpose of this thesis is to develop recommendations for managers helping to avoid delays within global Engineering Procurement and Construction (EPC) projects. Delays hinder successful completion of global EPC projects within energy sector. Yet, timely completion is of crucial importance and considered as main customer value within EPC. This study asks the following research question: What are the main reasons for delays in global EPC projects? The case company of this thesis is a global EPC corporation with its headquarters in Seoul, South Korea.
In this study, after identifying the delays factors in global EPC projects, as well as analyzing the existing knowledge on the topic of delays, the possible recommendations how to avoid delays were introduced. These recommendations were delivered in the form of proposal that was eventually presented to experts in the field of EPC for validation. The experts validated the coverage of the topic and contributed by sharing their experience.
The study utilized applied developmental research with qualitative multi-method interviews and questionnaires of professionals as its main qualitative research methods. The study was grounded in the current state analysis of the standard global EPC project process in the case company as a project contractor and partly of a Kazakh state refinery as a project customer. The study also touches the current issues of EPC in the time of Corona.
Based on the results, the study reveals that delays are caused by different issues, such as legal, administrative, technical and social. This study discovered both practical matters, such as failure to order long haul equipment, as well as nowadays issues of globalized world and its effect on delays. Additionally, Corona epidemic brings new challenges and consequences, while there is so far limited information on how the epidemic affects EPC process.
In this study, after identifying the delays factors in global EPC projects, as well as analyzing the existing knowledge on the topic of delays, the possible recommendations how to avoid delays were introduced. These recommendations were delivered in the form of proposal that was eventually presented to experts in the field of EPC for validation. The experts validated the coverage of the topic and contributed by sharing their experience.
The study utilized applied developmental research with qualitative multi-method interviews and questionnaires of professionals as its main qualitative research methods. The study was grounded in the current state analysis of the standard global EPC project process in the case company as a project contractor and partly of a Kazakh state refinery as a project customer. The study also touches the current issues of EPC in the time of Corona.
Based on the results, the study reveals that delays are caused by different issues, such as legal, administrative, technical and social. This study discovered both practical matters, such as failure to order long haul equipment, as well as nowadays issues of globalized world and its effect on delays. Additionally, Corona epidemic brings new challenges and consequences, while there is so far limited information on how the epidemic affects EPC process.