PM Solution Pro participated in the AACE Dinner Meeting, “Proactive Trend and Change: Avoiding the Iceberg Effect.”

May 22, 2019

Risk is about the future. Imagine that from “NOW” (the present) and the future state, there is a timeline. The time duration to the future has to have a value. Threat and Opportunity is about the future. There is no additional sense saying future risk. Saying so is redundancy.
Reliability of work data increases over time, and it signals the right time for full integration. Reliability is a result of data maturity. Good integration results in an effective risk-based project execution, the execution that makes most sense. While the acquisition of good quality information is always in progress, the risk specialist and each team member should strive to help the project manager identify and highlight critical elements needed for success. Always remember that risks must be identified before they can be managed. Risks cannot be identified if no information or indicator relating thereto exists. Unknown risks cannot be managed.

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Book Signing Event at El Torito, Dana Point, California. See you there!

May 19, 2019

Book Signing Event at El Torito, Dana Point, California. See you there!

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Stephen Odusanya takes on the role of PM Solution Pro Project and Construction Engineering Advisor

May 14, 2019

Stephen Odusanya is one of PM Solution Pro’s highly regarded resource in the field of project engineering and construction coordination. If you or your company requires PM Solution Pro to help manage your project, we are ready to send our best members to you. Who knows? Stephen might just be the one you’re looking for.

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Cost Reduction Strategies for Utilities Part 5: Enterprise Resource Planning System

May 10, 2019

In plain words an Enterprise Resource Planning (ERP) system is a central database system that houses financial, human resources, material, schedule, regulatory and work orders information about the capital and operational expenditures (capex and opex) of a company. It has various modules that display that information in a fashion that is suitable for various departments, functions and levels of an organization. An ERP system today is a crucial tool for utilities to bring greater visibility to the workflows, resource availability, productivity levels, stakeholder commitments and asset management. Access to good data leads to better decisions. Utilities have all kinds of useful and important data about their people, projects, asset health, contractors, facilities, inspection and maintenance, connection requests, regulatory commitments and documents.

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Cost Reduction Strategies for Utilities Part 4: Strategic Asset Management and Asset Health Tracking

Today, utility asset managers can have access to higher quality “realtime” data. For instance, with mobile devices with barcode scanners technicians can record and tag the results of equipment maintenance and test result so their values can be tracked against acceptable norms to flag any abnormalities that may warrant further inspection. If this information can be monitored and tracked for all major or critical equipment, then at any time there’s a good indication of enterprise wide assets health. With data at fingertips it is easy to start looking for patterns such as assets nearing end of optimal useful life before reliability metrics start being impacted or risk of costly catastrophic failure start becoming unacceptable resulting in long-term operational savings.

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Cost Reduction Strategies for Utilities Part 3: Asset Life-cycle Considerations

Capital project designs need to consider assets full life-cycle costs to better understand the truer cost of environmental permitting and land acquisition, build, operations, maintenance and disposal to end up with assets that bring long-term value. For instance, there has been much research done in-terms of loading various assets to go beyond their design capacities into their safe-operating limits where you start to trade the remaining asset life for short-term or momentary loading such as during emergency situations or momentary peak demands. You can also extend life of existing assets by replacing only the components that have reached their limits.

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Cost Reduction Strategies for Utilities Part 2: Technology Adoption

May 9, 2019

In the early 1900’s when electricity was being distributed to the houses. Utilities were considered technology companies because they were laying the foundation of the modern life and there was a strong demand for electricity service to be able to bring light and connect time saving tools and appliances at home with perhaps the same longing eyes as there is today with the latest smart devices. Somewhere along the way utilities lost their cool and instead of being innovators utilities became known as bureaucratic and boring.

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Cost Reduction Strategies for Utilities Part 1: Multi-purpose Use Assets

Utilities are trusted with a responsibility to provide a standard service at a regulator approved rate, without a right to refuse anyone, with expectations for the highest levels of public safety and reliability of service. That makes us conservative by nature, I get it. But that’s no excuse to be complacent, hiding behind the shadow of greater responsibility and walls of regulation, thinking that we have too many constraints to innovate. Hoping that our business model will continue to deliver value for our customers, the shareholders and the stakeholders.

Utilities are at a crossroad today and they need to decide whether they are going to evolve to become more innovative on their own initiative or are they going to be forced by customer pressure through political will and regulators or be taken-over by the non-utility competition.

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PM Solution Pro to improve Global presence through Google Business

May 6, 2019

PM Solution Pro has recently increased global presence after approval of its Google Business Website. Prospective clients can now search PM Solution Pro and any of its prime business products and services easily with specific, useful results. We as a company wants to be at the information storefront offering what we are good at and subsequently excelling in every undertaking.

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