Solutions to increase profitability from the EPC project by enhancement management capability : a case study of Lilama | |
| Author | Nguyen Van Hung |
| Call Number | AIT Proj. no.SM-20-02 |
| Subject(s) | Construction contracts--Management Construction industry--Vietnam |
| Note | A project study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration (Executive) in International Business – Management of Technology (VN) |
| Publisher | Asian Institute of Technology |
| Series Statement | Project ; no.SM-20-02 |
| Abstract | Engineering, Procurement and Construction (EPC) Business in Vietnam is increasingly under pressure. Lack of productivity, low or negative profit margins for contractors as well as the lack of adopting necessary innovations and digitalization in the life cycle of EPC project from engineering through procurement to construction and commissioning which project management activities are performed along these phases - has caused significant deprivation of business and competitiveness compared to multinational corporation in Asia and Europe. The performance of EPC projects is challenged by the complexity of the stakeholders’ interests and the liabilities involved, and, often, results in substantial schedule delays, cost overruns, and under-production performance in commissioning. EPC project management pursues various objectives and goals, such as lower costs, higher profits, better quality, and zero incidences during the execution of projects in the fields of oil and gas, petrochemical, refinery, power-generation, energy transportation, steel plants, and more. Excellence in project management is a key success factor in doing business across all industries. The aim of this project was to propose improve the management capability for the success of projects with a balance of cost, time, and quality and safety satisfaction in order to increase profitability by using modern techniques and effective management. |
| Year | 2020 |
| Corresponding Series Added Entry | Asian Institute of Technology. Project ; no.SM-20-02 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (Executive) in International Business - Management of Technology (VN/BKK)) |
| Chairperson(s) | Vimolwan Yukongdi; |
| Examination Committee(s) | Islam, Nazul;Bechter, Clemens; |
| Degree | Project (M. B.A.) - Asian Institute of Technology, 2020 |