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Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.
Project management has final deliverables that are constrained to a finite timescale and budget.
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Conceptual design has the root word “concept,” which describes the idea and intention behind the design. This is contrasted by “execution”, which is the implementation and shape that a design ultimately takes. Essentially, the concept is the plan, and the execution is the follow-through action.
FEED (Front End Engineering Design) means Basic Engineering which is conducted after completion of Conceptual Design or Feasibility Study.
Detailed design is the phase where the design is refined and plans, specifications and estimates are created. Detailed design will include outputs such as 2D and 3D models, P & ID’s, cost build up estimates, procurement plans etc. This phase is where the full cost of the project is identified.
Construction management is a professional service that provides a project’s owner(s) with effective management of the project’s schedule, cost, quality, safety, scope, and function. Construction management is compatible with all project delivery methods.
Minor Capital works Projects may involve the rehabilitation or upgrading of mechanical, electrical, plumbing, infrastructure technology components or systems or any combination thereof. following the giving of notice without an objection being made) of Governmental Entities.
Regulatory Approval means those sanctions, rulings, consents, orders, exemptions, permits and other approvals (including the waiver or lapse, without objection, of a prescribed time under a statute or regulation that states that a transaction may be implemented if a prescribed time lapses following the giving of notice without an objection being made) of Governmental Entities.
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