Sinopec Engineering Group Engages Enstoa in China to Build a World Class Brand
International Project Management Manual to create a total quality standard for delivering petrochemical and construction projects along the Belt and Road Initiative.
Beijing, China (21.08.2018) Enstoa, Inc, the only global professional services firm that specializes in capital projects improvement, today announced its collaboration with Sinopec Engineering Group (HKEX:2386) (“SEG”) in the formulation of their International Project Management Manual (IPMM). Since their IPO in 2013, SEG has vowed to grow internationally through the pursuit of building excellence in Engineering, Procurement, Construction, and Commissioning (EPCC) projects around the world. With Enstoa’s deep functional and digital expertise in international capital projects and proven, repeatable methodologies to improve project portfolio performance, they were engaged to develop an IPMM that will be used by SEG executives on all future company-wide EPCC projects both inside China and overseas. The implementation of the IPMM is part of SEG’s strategy to fully engage the opportunities created by the “Belt and Road Initiative” (BRI).
The IPMM is the compilation of professional and technical expertise structured to manage SEG’s international EPCC projects, and to provide a framework for professionally training existing and new staff. The focus of the IPMM is on standardization, normalization, and execution of project management capabilities, drawing together best practices from Enstoa’s vast collective experience and also worldwide industry bodies including the Construction Industry Institute (CII), the Project Management Institute (PMI), and the Association for the Advancement of Cost Engineering International.
SEG Vice President Qi Guosheng said, “To achieve the vision of SEG to be a world-class EPCC company, SEG is working with Enstoa to enhance the Company’s domestic and international project management capabilities through the implementation of an International Project Management Manual.”
SEG has played a leading role in the global energy engineering industry for decades, and has implemented over 100 projects internationally. Historically, SEG has established business platforms in all regions with large oil refinery and chemical engineering capital output including the Middle East, Central Asia, Asia-Pacific, Africa, and South America, including oil refinery and chemical engineering projects in Kuwait, Saudi Arabia, Katar, Kazakhstan, Nigeria, Singapore, Malaysia, Thailand, and Bangladesh. The inclusion of new territories and new staff has led to the demand for a consistent and comprehensive approach to project management, embodied in the IPMM.
Jordan Cram, Founder and CEO of Enstoa, said, “I am delighted that Enstoa has been able to work with Sinopec Engineering Group to create an International Project Management Manual, a critical step in transforming the way in which SEG delivers capital projects. This comprehensive framework includes mature, advanced management practices that will be applied using appropriate technology platforms to help ensure profitable and risk free delivery of capital intensive projects around the world.”
Enstoa, founded in 2007 and headquartered in New York with an office in Beijing, China, was engaged by SEG due to its expertise in capital projects improvement for organizations with large, complex capital portfolios. By enhancing communication, streamlining processes, and leveraging data for fact-based management, Enstoa enables organizations to reinvest resources previously spent on managing disparate information into what really matters for them. Enstoa achieves this through a combination of breakthrough software innovation, systems integration, and internal cultural change devoted to unlocking individual, team, and organizational productivity. Enstoa is leading the conversation in the construction industry around organizational design, the importance of data and how organizations can leverage machine learning, computational Building Information Modeling, artificial intelligence, and the Internet of Things to make data work for them.
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Founded in 2007, Enstoa is the only global professional services firm that specializes in capital projects improvement, providing innovative products and services to organizations managing and maintaining multi-billion dollar construction projects, programs, and portfolios. Enstoa utilizes a combination of breakthrough software innovation, systems integration, and internal cultural change to enable organizations to reinvest resources previously spent on managing disparate information into what really matters for them. The Company is headquartered in New York and supports offices worldwide with wholly-owned subsidiaries in China, the United Kingdom, India, Bahrain, and Australia.
About SINOPEC SEG (HKSE:2386)
Sinopec is a leading oil refining, petrochemical and new coal chemical engineering company in the Peoples Republic of China. The Company was listed in HK on 23.05.2013. The Group has eleven wholly owned enterprises which provide engineering services for a broad range of industries including oil refining, petrochemicals, new coal chemicals, inorganic chemicals, pharmaceutical chemicals and clean energy and a complete business service chain involving technological R&D and licensing, preliminary consulting, financing assistance, engineering, procurement, construction and start-up services. Leveraging some 60 years of industry experience and continual innovation in technical expertise, the Company has achieved great success in engineering and constructing large-scale oil refining, petrochemical and new coal chemical complexes and is highly competitive.