Archive for the ‘Industry Best Practices’ Category

Project Cost Management: A Mining Life Support

by Hard Dollar on July 8th, 2011

Mining projects seem to have a life of their own, sometimes spanning over 40 years.

If you’re one of those mining organizations that lack centralized services to handle the wide array of project needs, call the Doctor – because you are in serious need of a good way to track, manage, and prioritize the project cycle.

The best way to maintain a healthy project life cycle is to view, analyze, and report the cost and productivity details.

Hard Dollar has created a remedy: HD for Mining, a Project Cost Management solution.

The key is healthy visibility. (more…)


The Secret Weapon to Winning the STO War: Project Cost Management

by Hard Dollar on June 23rd, 2011

general patton“A good plan executed today is better than a perfect plan executed at some indefinite point in the future.”
- General George Patton, Jr.

Shutdown, Turnaround and Outage management is sometimes like an all-out war, and the only way to win is with a detailed strategy and a whole lot of ammunition.

While we hope you aren’t managing an STO project with an AK-47, there is a weapon that will be sure to help you fight the STO fight: Project Cost Management.

General Patton once proclaimed, “A good plan executed today is better than a perfect plan executed at some indefinite point in the future.”

Taking that great advice, planning a great shutdown execution is an ongoing process and having a detailed repeatable process is important.

Hard Dollar provides an integrated Project Cost Management solution for Planning, Estimating, Scheduling, Executing, Costing and Reporting on your STO Projects.

Here are some of the tools or weapons to help you create a winning STO project cycle: (more…)


Smokey Says…

by Hard Dollar on June 17th, 2011

Remember… Only YOU Can Prevent Forest (STO) Fires

 

He’s old enough to collect social security, yet Smokey Bear’s message is still relevant and couldn’t apply more to Shutdown, Turnarounds and Outages.

It’s up to you to take a proactive approach to preventing STO accidents. Poorly managed maintenance activities and procedures raise the risk of workplace accidents involving workers at all levels, across all STO industries.

The Piper Alpha disaster of 1988 saw the North Sea oil and gas platform turn into a blazing inferno within seconds, killing 167 workers – a tragic example of the potential consequences of inadequate maintenance procedures.

Hard Dollar’s STO expert, Bruce Wallace, maintains that good plant maintenance is essential to prevent workplace risks; but the implementation itself can be a high risk activity for the workers that carry it out. Therefore, detailed, accurate planning and risk analysis is the key to a safe shutdown, turnaround, or outage.

It’s estimated that in Europe alone, 10-15% of fatal accidents at work can be attributed to poorly executed maintenance operations. It is vital therefore, that maintenance is carried out properly. To do this, companies need to understand and measure their ‘Maintenance and Asset Management Performance.’ (more…)


The Evolution of Shutdowns, Turnarounds, and Outages

by Hard Dollar on June 10th, 2011

Predict the Future with HD for STO – v.1

Project Cost Management

Over time, technology has evolved, making life easier and more convenient. Daily tasks would really be such a hassle if we still applied the primitive way of living to these modern times.

The same is true with the planning and execution of Shutdowns, Turnarounds, and Outages. We’ve come a long way,—and the future has evolved to Project Cost Management, a state-of-the-art technological approach to planning an STO.

But how did we get here?  Well, earlier this week we caught up with Bruce Wallace, our resident STO Expert, who has worked through the evolution of Turnarounds (TARS).

He took us through brief tour through the history of the Shutdowns, Turnarounds, and Outages. And from what he told us, we should be grateful for the existence of the concept “technology” and its corresponding attributes. Indubitably, it has been a part of our everyday lives and it should have a great influence in the world of STO projects. (more…)


Best Practices

by Hard Dollar on May 6th, 2011

Learn How HD Solutions Will Decrease Time and Increase Total Revenue

HD Project Cost Management provides a foundation for tracking and maintaining project management data at the highest possible level of detail. Best project management practices involve two factors: accountability for schedule and maintaining an accurate budget.

Users of Project Cost Management software  are able to hold all project resources accountable for tracking project management requirements, tracking project time, and controlling project costs.

Below are features & solutions in HD Project Cost Management that perfectly align with project management best practices, and are guaranteed to decrease project time and project costs: (more…)


Make Life Easy, Use HD

by Hard Dollar on March 31st, 2011

Okay, it’s time to put on your thinking cap!

What goes around the world but stays in a corner?

Give up yet?  We’ll discuss the answer in a bit, but first, let’s talk about how managing projects doesn’t have to be as difficult as the above riddle. You shouldn’t invest in a system that will leave you scratching your head in confusion.  Instead, you need the HD Project Cost Management that provides an easy-to-use solution and accessible help that creates powerful results.

It’s actually quite simple; here are a few ways that Hard Dollar is literally making your life easier:

 

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SharePoint a Growing Industry Trend

by Hard Dollar on February 16th, 2011

HD Project Cost Management & Microsoft SharePoint Prove a Powerful Combo

Collaboration through technology continues as an essential part of project management across many industries. Therefore, the use of Microsoft SharePoint attached to Project Cost Management is a growing trend for creating a powerful collaborative environment .

As reported in Constructech Magazine, “Filling the SharePoint Gaps,”  SharePoint has proved to be a vital tool in bridging different aspects of the project process including document & workflow management or even collaboration.
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Great Minds Think Alike: HD Collaboration

by Hard Dollar on December 13th, 2010

“It is the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed.” – Charles Darwin

Wow, maybe that old Darwin guy really knew what he was talking about.  Even way back then he proved how necessary it is that we collaborate to find advances.

For instance, a group of lions is likely to catch their prey when hunting in a pack. If each lion utilizes its individual skills, the whole group is sure to have some good eating.

Likewise, planning an enterprise project can be a jungle of its own. Here at Hard Dollar we realize that bringing together the most powerful tools for a successful project is more likely to increase overall productivity instead of trying to plan and execute with separate software solutions, or even worse … spreadsheets.

Why not bring aspects of the project together and place them under one roof? HD Project Cost Management utilizes this concept of collaboration with Hard Dollar’s latest innovation: HD 5D-BIM server.

(more…)


Instant Visibility Into Project Progress and Performance With HD

by Hard Dollar on December 4th, 2009

Scottsdale, AZ – December 4, 2009 – Hard Dollar Corporation, the leader in Project Cost Management today announced the release of Advanced Progress Tracking, adding instant visibility into progress and performance on planned activities, with side-by-side comparisons of the most critical factors that affect project success. Advanced Progress Tracking measures progress while increasing visibility to owners and contractors, increasing profits by 9% on average on every project, with real-time cost and productivity status and direct integration into finance.

Existing HD users can leverage the system to view side-by-side estimate vs. progress comparisons with direct integration to accounting, without adding additional systems or infrastructure. “Users can proactively correct potential productivity issues with transparent visibility into production trends, truly managing the project,” states Ron Babich, Hard Dollar VP of Sales and Marketing. “Accounting integration enables man hours, equipment hours, and quantities to be imported into accounting software for payroll, without duplicating entry. Owners and Construction Managers can now receive accurate information faster, satisfying regulatory and contractual requirements,” said Babich.

(more…)


Creating a Winning DOT Scorecard

by Hard Dollar on April 14th, 2009

Companies can improve their chances of getting in the game by creating a strategic Scorecard for Geographic areas by following several steps including: monitoring “Shovel Ready” projects by state with resources like government sites stimuluswatch.org that lists projects by area, paying close attention to State eligibility daily status changes including what the Federal Government deems county areas as qualified depressed areas. The smart contractors are creating lists, state-by-state score cards, building strategy and keeping tabs on public sector fund expectations in order to be first in line when jobs are available. State Deficit issues are also serious considerations, scoring each state by budget, and tracking the potential expectations after mandatory funds to run the state are calculated. An additional source of information on these projects are the state DOT websites, which generally list project letting schedules and contractor requirements under a “Doing Business with the DOT” section. If you’re a subcontractor, keep in mind that most DOTs also post bid results on their websites, which is a great source to find prime contractors who may be looking for sub quotes on future bids.

Click here to learn more about HD estimating software.