Project Management

Project management capabilities built on impressive experience in project execution, know-how and IT systems

For nearly 50 years since our foundation, TOYO has devoted its attention to project execution. For an engineering company like us, project management, engineering and technological capabilities are essential.
Engineering projects continue to grow in scale and complexity. Some of the recent energy projects are of enormous scale, involving investments of as much as US$ 4,000 million. The construction of TOYO’s part of a natural gas receiving terminal and treatment plant located in the Middle East required up to 15,000 persons per day.

Large-scale plants are built in many countries all over the world, involving the transport of enormous volumes of equipment and materials to the construction site and also directing numerous construction companies. To carry out these super large-scale projects in a planned and orderly manner, project management capabilities of extreme precision and highly skilled personnel are essential.
Furthermore, each project has many stakeholders, including the client, government agencies, local institutions as well as manufacturers around the world that supply materials and equipment, local construction workers and local residents. As the project size expands, it becomes more important to report accurately and in a timely manner the project status to all stakeholders.

TOYO’s Project management capabilities have been developed from our considerable experience gained on numerous projects, both small and large, in many parts of the world. The project management techniques that TOYO employs today have been honed to ensure successful completion of the projects we undertake; our project management capabilities assure customer satisfaction.

Features of Project Management

Customer satisfaction through information sharing Ensuring high transparency and accountability

The key objective in project execution is to gain customer satisfaction. TOYO believes that to achieve customer satisfaction it is essential to understand the project status at a given time objectively and accurately and to convey such status quickly to the client and other stakeholders thereby creating transparency and accountability.

Transparency and accountability requires that information is shared with all project stakeholders. By disseminating information problems can be detected and dealt with at an early stage thereby eliminating future risks. Our experience has shown that this approach achieves client trust and satisfaction.

Detecting problems and providing prompt countermeasures

Time and costs allocated to a project are finite, there are restrictions. The key goal for the client and TOYO is to complete the project to the standard expected by the client on time and within budget. Full consideration must also be given to safety and environmental issues.

For a project to succeed, these matters must be monitored periodically during the project implementation and findings analyzed so that the cost, time, safety and environmental objectives of our client and TOYO are realized Such periodic analysis enables problems to be indentified for co-ordination of corrective action. TOYO's project management system has been established with the support of IT, in which the project status is clarified and forecasts made using methods and procedures agreed with the client.

Project management system supported by advanced IT

It is no longer possible to manage projects without IT. TOYO has developed a project management system that takes advantage of IT ‘s increasing sophistication.
We have develop design tools and databases geared to the objectives of each phase of engineering, procurement, construction work and commissioning, running from project launch to completion. Our project management system allows these tools and databases to interact with each other during all phases of the project from engineering through to commissioning.
Typical constituent systems include the following:

  • Project scheduling and progress management system
  • Cost management system
  • Materials management system
  • Document management system

Overview Project Management System

Risk Analysis

Our project management integrates diverse individual project management methods, for schedule, progress, cost, scope, document, materials, and construction work management, and many other areas, with the support of IT. They function together to enable overall project management.
Large-scale projects that last for a long period are always accompanied by risks. In the intial stages of the project it is vital to plan the project with extreme precision and analyze risks; risk assessment and analysis and proposed responses continue through the project execution stage in order that timely countermeasures are implemented. TOYO constantly monitors risk situations during project execution, and manages risks as soon as they are identified.

Responding to diversified projects

Handling alliance projects

In addition to projects handled by TOYO alone, the following alliance-types projects have increased recently.

  • Alliances with clients
  • Joint venture and consortiums with other companies
  • Project implementation under TOYO worldwide network, the cooperative framework with Toyo Group companies
  • Alliances with vendors and subcontractors

In alliance projects, interchangeability with the project management systems of partner companies and consistent project management are essential. Not only is transparency and accountability with the client required, but also between member companies of the joint venture and consortium.

Handling projects other than EPC

The lifecycle of our client’s new project covers all stages from the feasibility study for investment through project planning, execution, and operation & maintenance after completion. TOYO offers project management services for each project phase.

Handling soft service and cost reimbursement projects

Different forms of Project Contract:

  • From the perspective of services: EPC Contract
    Project Management Consultation (PMC) Contract
  • From the perspective of project scope: FEED (basic design) Contract/FOB (design and procurement) Fixed Price EPC Contract
  • From the perspective of payment conditions: Lump Sum Contract/Cost Reimbursement Contract

Different approaches according to type of contract.

Win-win project management

The major objective of project management is to bring the project to a success and gain client's satisfaction.
Projects are created by the people. Efforts toward success are driven by configuring human relations that serve as the foundation for the project's success and making the relations prosper. TOYO’s personnel posses the ability to execute tasks from global viewpoints, and TOYO is focused on human resource development which ensures our project managers and team members contribute to win-win relationships.