“Core competency” is a relatively young term introduced in the frames of economic theory by C. K. Prahalad and Gary Hamel. Core competencies can be described as the tools (skills/resources) helping to establish and ensure the competitive advantage.
Utility and Power Generation Industry is going through the slow but undeniable process of transformation. Smart energy is taking over the place of conservative services following lifestyle and technology development. That brings up a need for the new ways such as defining core competencies for existing strategy optimization.
The meaning of Project Management still stays underestimated way too often but for Utility and Power Generation industry plays rather important role. Wide spread net of procurement, production and supply require constant supervision and responsiveness.
Efficient Project Management ensures improved efficiency in delivering services, better flexibility enhanced customer satisfaction, opportunities for expansion, improved risk assessment and higher quality.
Remembering that competition within the industry is considerably high, benefits offered by the Project Management implementation are undeniable. Setting up Project Management as one of the core competencies for strategy optimization will provide better hotspot focus, reaching desired goals within specific time and cost frames.
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