Tackling Wyoming’s Workforce Challenges
The 2024 Wyoming Workforce Report highlights critical labor shortages in the state’s key industries like energy, mining, and construction. With only 50 workers for every
For Refining, Petrochemical, Power Generation, Mining, Upstream Oil & Gas, Midstream Transportation, Aerospace & Pulp & Paper.
We also understand that in order to support all these drivers, budgets are created, and funding is allocated for both Capital and Operational expenses. We deal in both spaces, and while customers have differing criteria for what might be considered a capital (CAPEX), or operational (OPEX) expense, both are important. CAPEX funding is primarily focused on projects that upgrade, improve, or add new equipment or capabilities. OPEX funding is primarily focused on projects and maintenance that maintain the facility in its current state, replace-in-kind type of projects.
The opportunity to influence project value is during the early phases of a project; that is identifying the opportunity, and determining the right alternatives. Expressed graphically below. In other words, even with poor project execution (construction), a project can still have high value if the right opportunity was identified and acted upon.
This is the initial stage of a project, where the project's goals and objectives are identified, and the feasibility of the project is assessed. The planning stage includes activities such as developing the project scope, identifying project risks, determining the project budget, and preparing a project schedule.
In this stage, the project design is developed based on the project scope and objectives. This stage includes activities such as developing detailed engineering plans, preparing technical specifications, developing quality assurance and control plans, and selecting equipment and materials.
This stage involves the procurement of equipment, materials, and services required to construct the project. This stage includes activities such as issuing bids or proposals, evaluating bids or proposals, and awarding contracts.
This stage involves the actual construction of the project. It includes activities such as site preparation, construction of foundations and structures, installation of equipment and systems, and construction quality inspection and testing.
In this stage, the project is tested to ensure that it operates as designed and meets all specifications. Commissioning includes activities such as testing equipment and systems, verifying performance, and making adjustments as necessary.
Once the project is commissioned, it enters into the operation and maintenance stage. This stage includes activities such as monitoring performance, conducting routine maintenance, and making repairs or upgrades as necessary to ensure the project continues to meet its objectives.
At the end of the project's useful life, it enters the decommissioning stage. This stage involves activities such as dismantling equipment and structures, disposing of waste, and restoring the site to its original condition.
ISC has consistently supplied exceptional services to our company for years. The level of response, completeness and follow-through on commitments has contributed greatly to numerous refinery projects. From estimating, to planning, to field execution and project closeout, ISC has proven to be a significant asset to our project team and a key component to our success.
ISC has always come through with top-level personnel and real solutions to our needs here. The knowledge of the employees has proven to be exceptional, along with a level of commitment that is not often seen with contract services. When bringing ISC on board, I can always be confident about the level of service we will receive.
As a consulting engineer, I have used ISC for total installed cost estimating on many refinery projects. ISC’s extensive field and estimating experience has contributed greatly to the accuracy of my estimates. I can always count on ISC’s attention to detail, completeness and flexibility to meet the demands of my clients.
The 2024 Wyoming Workforce Report highlights critical labor shortages in the state’s key industries like energy, mining, and construction. With only 50 workers for every
In large-scale industrial and infrastructure projects, the Owner-Directed project delivery model offers the owner full control over every aspect of the project—from design and procurement
In the world of capital projects, especially those under the Engineering, Procurement, and Construction (EPC) or Engineering, Procurement, Construction Management (EPCM) contracts, effective project controls
Major capital projects, such as large industrial facilities, infrastructure developments, or power plants, are inherently complex, resource-intensive, and often span years of development. These projects