May 2001

Project Management

PSM standards for effective project management

Use these to define project tasks and implement activities to establish a system that yields maximum results

Sampath, R. S. V., Saudi Arabian Fertilizer Co.

Classifying project activities under discrete titles can facilitate the ground rules for identification, provision and controlling (IPC) of resources (Table 1). Controlling a project encompasses many activities beginning with project proposals and finishing with the commissioning and project acceptance. Process safety management (PSM) regulations are primary tools for risk management. Since they also address fundamental requirements of system dynamics, such standards are also applicable for project management. The general opinion that project control consists mainly of managerial skill rather than science is a myth; in the modern realm it is a systematic documented approach. A

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