Abstract
Turnkey projects, a name given to engineering, procurement, and construction (EPC) projects, are now one of the dominant modes of international business and allow firms to provide a wider variety of products and services than previously provided. The paper presents a framework of analysing the activities, complexities, resource dependencies, and process inter-dependences. It discusses theses issues by giving some examples, for instance an application of dice game in multi-project management. This emphasises value-adding activities and systematic methods of managing the supply processes. It provides a better understanding of the dynamic processes and critical interfaces in intra- and inter-organisational contexts. Discussion of the challenges faced by the project-based organisation and suggestions to improve project performance are presented. The paper presents a case study of the nature and characteristics of EPC projects in the project-procurement process. The choice of the concepts and final construction of the framework is informed by a review of EPC projects.
Original language | English |
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Pages (from-to) | 376-396 |
Number of pages | 21 |
Journal | International Journal of Management and Enterprise Development |
Volume | 3 |
Issue number | 4 |
DOIs | |
Publication status | Published - 2006 |
Externally published | Yes |
Keywords
- Case study
- Dice-game
- Multi-project management
- Project business
- Resource dependency
- Supply-Chain Management (SCM)
ASJC Scopus subject areas
- Business and International Management
- Management Science and Operations Research