A seminar on “Innovative ways in Project execution- IOCL” was organized by the IME department. The speaker was Mr. Vineet Singhal, who is the Chief Project Manager at IOCL. Mr. Singhal has worked in diverse roles in the industry ranging from handling of EPCM consultants,plant maintenance management to estate management. The talk kicked off with an overview of the company i.e. how IOCL came into existence, location of its various refineries and its Supply Chain Management process. Then Mr. Singhal mentioned the various drivers for diversification into Petrochemicals ranging from renewable energy to Nuclear Power.
The discussion highlighted the project attributes, constraints and project management framework in general and its implementation in various projects of IOCL in particular. Mr. Singhal gave an insight of the project management system in refineries division. He mentioned that fixed price contracts transfer the risk to the seller. The students were enlightened about an extensi…
The discussion highlighted the project attributes, constraints and project management framework in general and its implementation in various projects of IOCL in particular. Mr. Singhal gave an insight of the project management system in refineries division. He mentioned that fixed price contracts transfer the risk to the seller. The students were enlightened about an extensi…