Category Archives: Opportunities

Setting the Critical Path

In the big situation, a man’s blind belief usually ends in disaster. Continue reading

Posted in Analysis, Business, Causes and effects, Construction Management, Critical Path, Critical Path Management, Data Assessment, Execution Strategy, Integrated Schedule, Integration, Longest Path, Opportunities, P6 Issues, Planning and Scheduling, Program Management, Program Schedule, Project Management, Quality Management, Reporting, Risk-based Management, rufran frago, Rufran's Blogs, Tools, Uncategorized, Variance Analysis | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Risky Future of Oil

In risk-based management, one tries to anticipate the risk. The risk is either a threat or an opportunity. The issues of today are the risks of the past. The risks of the future are driven by the issues and problems of today. How the issues are addressed today will decide what happen in the future. These are fundamentals of risk and risk-based management. The risky future of oil points to the events that threaten it and the opportunities that come close behind ( Frago, R., 2015.Risk-based Management in the World of Threats and Opportunities: A Project Controls Perspective).

No one expert knows exactly how much oil out there exceeds the global volumetric demand but all seem to agree that the entire world is drowning in it. The Gulf countries, foremost Saudi Arabia are reportedly pumping at almost maximum capacity without blinking an eye.

There are now more than three billion barrels of excess supply in world oil markets, according to the International Energy Agency last November 2015. It its latest monthly report, the IEA said this “massive cushion” of excess supply has grown as oil prices have fallen to a new normal of around $50 billion barrels a day (The Telegraph, 2015). We can all extrapolate what is the current figure as of today and we won’t be dead wrong.

With Iran back on play, it won’t be long before the Iranians fully open their discharge valve occupying whatever space is left to take. This Saudis are doing all they can to protect and even grow market shares. The object is to prevent arch rival Iran from surging back with vengeance. It means that whatever good things the last twelve months retreat shelving drilling, exploration, and billions worth of projects, truth of the matter is, it might not be enough. Continue reading

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The Ant and the Grasshopper: Modern Version of Aesop’s Fable

So, I ask all of you gently to open your eyes and expand your mind when exercising your precious electorate right. Always remember this: There are many people in the world who do not have the democratic privilege of deciding who run their nation. Make sure you vote! Make sure it counts! Continue reading

Posted in Canadian Politics, Causes and effects, Fable and Stories, Opportunities, Risk-based Management | Tagged , , , , , , , | Leave a comment

Conducting Project Analysis: Using PIRCAD Approach Part 1

Faced with a question on how one would analyze a problematic situation on the spot without going to any existing analytic templates and guidelines, the PIRCAD approach was born. The acronym is odd sounding but easy to remember. It simply … Continue reading

Posted in Analysis, Business, Causes and effects, Construction Management, Economics, Issues and Problems, Monitoring, Opportunities, Planning and Scheduling, Project Management, Reporting, Risk Assessment and Treatment, Risk-based Management, Rufran's Blogs, Threats, Type of Analysis | Tagged , , , , , , , , , , , , , , , , | 2 Comments

Conducting Project Analysis: Using PIRCAD Approach Part 2

This is a continuation of Using PIRCAD Approach Part 1. If one thinks about it deeply, an analysis is only required because of change. A problem is brought to fore by something that has changed. It is solvable while an … Continue reading

Posted in Analysis, Business, Causes and effects, Construction Management, Economics, Execution Strategy, Issues and Problems, Monitoring, Opportunities, Planning and Scheduling, Progress Measurement, Project Management, Reporting, Risk Assessment and Treatment, Risk-based Management, Rufran's Blogs, Threats, Type of Analysis, Variance Analysis | Tagged , , , , , , | 2 Comments

Fundamentals of a Good Analysis and the Villain Called Perception

Some five to ten years ago, a Project Controls colleague asked an interesting question. It is about the analysis/reports that our PC Group completes periodically. Some of the reports are “as required” but most times on a fixed cycle; e.g. … Continue reading

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