The specifics of project management in INDUSTRY: Key examples

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In complex industrial fields such as energy, aeronautics, construction or automotive, project management has specificities that make it unique and more complex than traditional project management. Methodology, processes, interfaces, resources… are part of the parameters to be taken into consideration to succeed in your project and manage the associated activities!

Specific project management

The specificities
industrial project management

Projects in the industry are generally large-scale due to the technical and logistical challenges to be met, the risky financial stakes and the time constraints. 

Technical complexity and specific requirements

Industrial projects are distinguished by their complexity, the use of advanced technologies and strict requirements. Engineering skills, cutting-edge expertise, and a comprehensive understanding of technical topics are required to manage a project effectively and  ensure the smooth running of the project.

Deadlines and milestones

Industrial projects often take place over several months or even years. They are usually divided into several phases (planning, design, construction, testing, and commissioning), each of which requires specific resources and attention.

Budgets and cost management

Managing your budget is one of the keys to the success of a project… Identify abuses by monitoring your cash flow, carry out a precise follow-up of invoicing and reminders, pay your suppliers/subcontractors on time… The amounts of industrial projects can reach hundreds of millions, even billions of euros… Managing your costs is essential to avoid jeopardizing your project.

Standards and regulations

Mastering the standards and regulations relating to your sector of activity is essential to limit deviations and non-conformities and avoid significant sanctions: financial penalties, breach of contract, legal sanctions, etc. The impacts on the project are multiple: delay of an activity/milestone, additional costs, lack of resources, increase in activity…

Stakeholder Management

The smooth running of a project requires good collaboration and transparent communication between the various stakeholders: internal project team, suppliers, subcontractors, safety authorities, notified bodies, etc.

Risk Management

Whether technical, legal, normative, environmental, financial or other, industrial projects are exposed to many risks throughout the project. The ability to manage the unexpected and adapt quickly are key skills in project management. The modification of a legal text, of a standard can have significant consequences on the smooth running of a project…. It is up to the project manager to find the best solutions to limit abuses and propose the most appropriate solutions.

Constantly adapting

Industry-specific challenges

Each industry sector presents its own challenges and peculiarities in terms of project management. Let’s see what specificities exist in industrial project management and that are less or not found in traditional project management.

Energy and renewables

In the energy, nuclear and renewable sectors combined, project management must adapt to long deadlines, sometimes limited budget envelopes and administrative, legal and environmental constraints. From the selection of the construction site to the coordination of suppliers/subcontractors throughout the project, each phase must be planned and communication and transparency ensured at all levels of management.

Aeronautics and space

In these sectors, precision and strict compliance are essential. Each component/process must comply with the regulations in order to guarantee an optimal level of safety.
Developing a new type of aircraft requires a research and development phase and a series of rigorous tests before being put on the market: flight tests, safety certifications, authorisations, etc.

Construction and infrastructure

Construction is a sector of activity that requires heavy infrastructure and well-oiled logistics. Coordinating the various trades, managing on-site constraints, administrative aspects (obtaining permits in particular) and ensuring safety are part of all the concerns that the project manager must have throughout the process.

Car

Bringing new models to market, much like in the case of aeronautics, requires careful project management to meet the needs and requirements in terms of quality, safety and cost-effectiveness. With the advent of electric vehicles, and perhaps one day the development of new technologies such as hydrogen for example, the creation of new designs, the realization of the associated engineering, production cycles, constraints related to raw materials... mean that the project manager is on the front line to provide the right answers to these issues and respect the schedule, budget and quality.

Conclusion

A unique challenge!

Project management in the complex industrial sectors mentioned above requires specific skills and absolute rigor. Project managers working in the industry must take into account the client’s technical requirements, regulations and standards by relying on often limited project teams and a tight schedule.

The ability to manage complex projects under high constraint and in a constantly changing environment is a major asset for successful projects!

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