Most Common Challenges for EPC Companies

Goals

To identify the most common challenges faced by Engineering, Procurement, and Construction (EPC) companies in the industrial space in their internal processes with a focus on common issues with communications between groups/functions/departments and common issues with the tools that are used by these companies
To identify the most common challenges faced by Engineering, Procurement, and Construction (EPC) companies in the industrial space in their collaboration with client/suppliers

Early Findings

Our initial research on the most common internal process challenges for EPC companies in the industrial space revealed insights. Here are key pieces of information we found:

Most Common Challenges for EPC Companies:

Internal Process Challenges

Proposed next steps:

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As our initial research focused on common internal process challenges for EPC companies, we recommend additional research to provide 5-7 insights on common challenges faced by EPC companies in the industrial space in their collaboration with client/suppliers.
We also recommend additional research to provide 2-3 case studies of specific EPC companies in the industrial space who have been successful in overcoming common internal process challenges that have been identified of: Lack of communications for information sharing and cross-office collaboration, the need to streamline workflows, technology misalignment from too many software tools, and/or issues with front-end engineering and design (FEED). For each case study, we will provide the name of the EPC company, what internal process challenge(s) this company has successfully overcome, and how they successfully overcame the challenge, with any success metrics as available.