This video will give you a quick overview of the three main steps you might apply to stop the margin drainage through changes in EPC projects.
When it comes to changes during the construction phase, project managers and their teams face multiple challenges. Improper administration of change can impact costs, profitability, and overall project performance. Lack of ownership and accountability may have a ripple effect on company cash flow and yet EBIT margins.
Implementing change into an organization is always challenging, and requires strong and effective leadership. One of the most popular methodologies is the one created by Dr. John Kotter. It’s called the 8-Step Process for Leading Change. So let’s watch the 8 steps in this video.