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Contents:
Overview
J. Ray McDermott is a project-oriented company, producing unique
products, to exacting requirements for different clients.
Our range of repeat customers includes operators from the Middle
East, Far East, India, West Africa, and the North Sea.
At J. Ray McDermott we have developed a systematic approach to
project management, resulting in the implementation of each project,
efficiently and cost effectively. 
Our project management system was certified to ISO 9001 in 1994
and has matured over the last five years. Each of our project
managers has been certified by the Project Management Institute,
to the Project Management Professional (PMP) requirements and,
as a consequence, our teams have higher levels of creativity,
productivity, quality and commitment than found anywhere else
in the industry. In addition many of the functional managers have
also obtained PMP certification.
Our Project Management Teams:
- Our integrated project management teams work to the standards
of the Project Management Institute.
- Consisting of professional managers with Engineering, Procurement,
Installation, and Commissioning (EPIC) project experience, our
teams apply their combined knowledge, skills, and techniques
to create the right project execution plan, for each project.
- The project execution plan enables our teams to ensure schedules
and budgets are adhered to, risks are mitigated, profitability
is maintained and a quality product is delivered.
Organization
Our project management teams are organized to develop and implement
the project strategy to achieve the project's final objectives.
- Project Director: has full responsibility and final
authority on the project.
- Project Managers: assist the project director on all
significant policy, contractual and commercial matters which
affect the success of the project.
- Key Personnel: dedicated teams are assigned to a project
from the proposal stage, to the project's inception. Then, a
work scope is defined, targets agreed and project procedures
implemented, and the key personnel take ownership of their designated
responsibilities and, jointly finalize the overall planning,
scheduling, project methodologies and documentation.
- Executive Board: may be established if the project
is being executed as an 'alliance' contract or as a 'joint venture'.
The committee is appointed from the corporate management of
each partner and has the power to draw on the resources of each
independent corporation.
Interface & Control
Standard J. Ray McDermott interface procedures are used to control
interfaces between project participants. Project specific procedures
can be developed if necessary to suit clients' individual requirements.
Our strategies and objectives are:
- To minimize interfaces between subcontractors
- To schedule regular interface meetings amongst all parties,
to promote clear and open communications
- To package the work in an optimal manner and to contractually
assign
 interface
responsibilities to each contractor
Effective and cost-efficient project control systems are essential
tools for successful project management. The full interface capabilities
of our project control systems bring significant benefits in the
execution of major projects.
- Our project control systems are both cost efficient and effective
- Information is sorted to avoid unnecessary data transfer and
produce project specific reports to monitor and control a project.
Project Contracting
J. Ray McDermott forms a close working relationship with its
customers, regardless of the contractual basis for a particular
job.
We propose optimum solutions to determine clients' needs, specifying
the project's key-elements, including the work-scope, schedule
and budget. Traditionally, contractors derive no benefit from,
and therefore apply little energy towards, minimizing operator
CAPEX and OPEX. However, under an appropriate contracting strategy
the goals of the contracting parties could be aligned to achieve
minimum CAPEX and OPEX for the facilities.
Subcontracts:
The project management team focuses on:
- Back-to-front project procurement planning
- Early selection and procurement of long lead equipment
- Selection of best-in-class sub-contractors that can address
the project issues and achieve project goals
Delegating work to sub-contractors also allows:
- Sub-contractors freedom to work within their own system
- Encourages technical and financial innovation
- Makes the project more attractive for financing
EPCI Contracts:
Engineering, Procurement, Construction and Installation contracts,
commonly referred to as EPCI, are becoming increasingly popular
with clients faced with tighter profit margins and consequent
cost reduction.
J. Ray McDermott is a leading full-service EPCI contractor in
the offshore construction industry. We attribute the success of
our EPCI projects to the close working relationship of our in-house
engineering, procurement, project management, fabrication and
marine installation groups. Using high speed, state-of-the-art
computer links throughout our organization, we facilitate information
transfer amongst these different project groups.
EPCI contracts are used for projects when:
- The technology is mature
- The internal and external interfaces are minimal
- Low risk levels are involved
Alliance Contracts:
The "Alliance" concept was developed to improve the
efficiency of project execution, as it stimulates goal alignment
amongst the various participants, shares the risks and rewards
and serves to eliminate the traditional adversarial nature of
contracting.
The success of an alliance type contract depends on:
- Full commitment of all participants
- Trust
- Cultural acceptance of the alliance approach
- Open and honest communication
Alliance contracts are used for projects when:
- There are multi-interfaces
- Cost reduction and risk management is essential
- There is a continuous need to define and optimize technical
and operational requirements
- The ability to achieve scheduled targets might otherwise be
impeded by poor communications between participants
- Management of interfaces and parallel working requires inter-contractor
co-operation
- The goals and objectives of individual contractors might otherwise
act against the greater good of the project
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