“cloud based project management solution for construction industry – a Make-in-India product”
www.myepcteam.comSunil Vaishnav :+91-9811115163
Nitin Gupta :+91-9987671199
MyEpcTeam.com
Commonly adopted strategies to control project schedule
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Risk and Reward for Project Team
Standardization of Processes
Automated Tools and Software (MS Project, Primavera, etc)
Independent Monitoring of Projects by Experienced Managers
Periodic/Secondary Reviews
21%
57%
75%
79%
93%
18%
25%
11%
11%
7%
25%
15%
7%
10%
25%
3%
11%
7%
Frequently Less Frequently Sometimes Seldom Never
Source: PMI-India chapter.
Reasons for Cost Overruns
Source: KPMG in India- PMI survey on cost and schedule overruns, 2012
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Weak procurement planning
Poor selection of technology/equipments
Contractual disputes due to poor framing of contract document
Incremental financial costs (foreign exchange volatility, borrowing cost, etc.)
Weak contract administration and claim management
Location and connectivity of project site
Inadequate availability of skilled resources
Escalation in labour costs/ineffective utilization of labour
Design changes/iterations
Material price escalations beyond projections
20%
30%
50%
56%
60%
60%
70%
90%
90%
100%
71%
35%
53%
88%
53%
82%
71%
94%
71%
88%
Non-PSU PSU
Reasons for Schedule Overruns
Source: KPMG in India- PMI survey on cost and schedule overruns, 2012 ©2016 MyEpcTeam ALL RIGHT RESERVED
Delay in regulatory approvals (for commissioning)
Lack of awareness of modern technology
Geographical challenges and cultural diffrences
Geological surprises
Ineffective project monitoring
Coordination issue with project team/Vendors
Ineffective programme management
Unavailability of funds
Inadequate availability of skilled resources
Industrial relations and law problems
Contractual disputes
Pre-commissioning teething troubles
Design/scope changes
50%
10%
20%
20%
22%
30%
30%
44%
44%
50%
50%
60%
78%
37%
37%
58%
68%
37%
61%
37%
5%
63%
58%
58%
47%
79%
Non-PSUPSU
Challenge 1:
Owner/Contractor/Consultant maintains
individual dataset and information to
manage project.
Cloud Based Platform creates centralized
database for all and sets data modification
rules as per users responsibility and
discipline.
Challenge 2:
Unrealistic planning due to Top-Down
approach ignoring inputs of Bottom-Line
participants.
Integrates Management level schedule and
set realistic milestones with inputs from Site
Executives and Planning team.
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Challenges of Projects Management Solutions by MyEpcTeam.com
Challenge 3:
Information chasing before meetings and
claims and counter-claims on facts during
review meetings consumes substantial time
and efforts thus impacting project
performance.
All the information like project progress status
reports including approvals, documents,
transmittal records, real-time S-curves, site
photos are available on Mouse click.
Challenge 4:
Different software(s) required for Scheduling,
Procurement and Document Management.
Everything is available on one common
platform that reduces time and cost of the
project.
Challenge 5:
Key departments such as Engineering,
Procurement and Construction works in silos.
Engineering, Procurement and Construction
activities are totally integrated with successor
and predecessor linkages and visible to all
stake holders.
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Challenges of Projects Management Solutions by MyEpcTeam.com
Challenge 6:
Lack of scope/specifications clarity leads to
frequent revisions/changes in engineering
drawings which impacts project cost/time
and leads to disputes.
Transmittal Record System in Engineering
Module keeps updates of latest revisions of
drawings with their pendency, delivery dates
and reason for changes including historical
data.
Challenge 7:
Costly software and thus limited number of
license(s).
Low subscription cost make it affordable to
almost all stake holders.
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Challenges of Projects Management Solutions by MyEpcTeam.com
Salient Features of MyEpcTeam.com
• Construction Driven Scheduling – which sets drawing and material
requirements based on construction activities. Improves cash flow and also
provides reasonable time for construction.
• Online Engineering workflow – online submission & approval of
engineering drawings between project Owner, engineering consultant and
contractors along with status reports.
• Procurement Tracking System – tracks status of procurement activities such
as order placement, vendor drawing approval, inspection, MDCC and receipt
at site. This is well integrated with engineering and construction module.
©2016 MyEpcTeam ALL RIGHT RESERVED
• Scope based Progress Measurement System – evaluates project
progress based on actual executed quantity instead of conventional
% progress update and/or duration based updates.
• Issue Management System – easy tracking and resolution of various
issues between stake holders along with reports.
• Punch List Management System – records list of quality defects and
incomplete work in a project with assigned responsibilities.
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Salient Features of MyEpcTeam.com
Subscription Pricing Details for MyEpcTeam.com
No. of UsersRate Per User Per
QuarterRate Per User Per Year
1 - 5 USD 60 USD 180
6 - 20 USD 55 USD 140
21 - 100 USD 50 USD 110
100+ USD 40 USD 90
No. of UsersRate Per User Per
QuarterRate Per User Per Year
1 - 5 INR 4000 INR 12000
6 - 20 INR 3500 INR 9000
21 - 100 INR 3000 INR 7000
100+ INR 2500 INR 6000
* for Indian customers Tax at the rate of 20% (15 % service tax + 5% VAT) is applicable.
** for International customers Tax is not applicable.
USD INR