FMI's E&C Industry Insight

  • Developing Your Personal Social Media Strategy

    Posted on October 16, 2014 by FMI Staff

    People160106351The Internet has given individuals the power to create their own personal brand. We now have the opportunity to create a virtual version of “you” – where your work, your interests, and your personal life become your brand that can grow through social media. Social media strategies no longer speak solely to businesses; they speak to the individual as well.

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    This post was posted in Uncategorized and was tagged with Business development, social media

  • Why Strategy Matters in the Oil and Gas Industry

    Posted on October 6, 2014 by FMI Staff

    AA048987What separates great companies that can consistently achieve high performance over a long period of time from those that rise and fall year to year? One thing is the depth of thinking company leaders put into planning for the future of their company. Your company’s strategy is the collection of decisions you make about how you will achieve your vision for the company over the long term. It includes answers to a few very basic questions. Among them are where the company will compete (geography, business segments, client types, etc.) and how you will compete (services, scopes, differentiators, etc.). If you can gain clarity on these two questions and use them as guidelines in all of your other business decisions, you will be able to consistently outperform your peers.

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    This post was posted in Uncategorized, Consulting and was tagged with Business development, Scott Duncan, Social Media Strategy

  • The Truth About What It's Like Being a Millennial in the Workplace

    Posted on September 15, 2014 by FMI Staff

    People101716860Millennials have once again been trending in the news, and for once, it is not about our selfie-taking abilities. Lately, I have read several articles calling millennials entitled, unmotivated, impossible to manage – I feel like half of these articles are describing two-year-olds (or what I would imagine raising a two-year-old would be like). I never realized we were so difficult to work with or understand.

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    This post was tagged with team building, Human Resources, oil and gas, oil and gas market strategy

  • Three Reasons to Embrace an Offensive and Defensive Risk Management Strategy

    Posted on August 28, 2014 by FMI Staff

    Construction Industry and Risk Management StrategyConstruction projects are always unique and carry uncertainty, making risk analysis and management key in the project management success of corporate projects. Adding to the challenge is that the construction market has changed. Good, bad or indifferent, the recession has painted a new landscape with tighter margins and less room for error.

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    This post was posted in Consulting, Millennials and was tagged with Offensive Risk Management Strategy, Defensive Risk Management Strategy, Risk Management Strategy in the Construction Industry, Construction Risk Management Strategy, Millennials

  • Nonresidential Construction Index Dips in Q3

    Posted on August 18, 2014 by Phil Warner

    FMI Nonresidential Construction Industry TrendsThe great man of letters and champion of reason, Voltaire might have been talking about climate change when he wrote, “Men argue. Nature acts.” Men and women argue about climate change and global warming, but nature does what nature does, be it drought, doldrums, snow, rain and hurricanes. Argue as we will, we inevitably enjoy and suffer the acts of nature. Much the same can be said about the economy. Pundits and politicians argue—incessantly—and the economic climate changes in spite of argument and often in reaction to climate change. For instance, nasty winter weather and a continuing drought in the West are among the key explanations for a slowing economy in the first quarter.

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    This post was posted in Research and was tagged with Construction industry trends, NRCI 2014 Q2, FMI's Nonresidential Construction Index 2014 Q3, NRCI 2014 Q3, Risk Management

  • What I Wish Someone Told Me When I Was 25: a Note From Cynthia Paul

    Posted on August 11, 2014 by FMI Staff

    RoadiStock_000016761568LargeFor those of you that do not know Cynthia Paul, professionally, Cynthia is a managing director with FMI's Management Consulting group.  Cynthia has worked at FMI for 31 years, where she supports industry organizations to position them to capture market share and grow profitability.  In addition, Cynthia is a devoted wife and mother, and rumors have it that last year she shot a moose!

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    This post was posted in Consulting and was tagged with FMI Careers, Young Professionals, Nonresidential

  • Four Ways to Engage Your Employees to Build Loyal Clients

    Posted on August 11, 2014 by FMI Staff

    LeadershipPeopleMeetingWoman497351569Today’s business environment is very different from six years ago when the pace of economic progress seemed unstoppable. With fewer prospects for growth and expansion, today’s design and construction companies are forced to fact-gather and research their markets, existing and potential customers, as well as competitors, ever-more carefully – failure to pay attention to changes in old markets or new opportunities could cost them their existence. Understanding client behavior – what makes them tick, how they make decisions, how they buy work and so forth – has become a critical element in today’s business dealings, particularly in the design and construction industry where people and relationships are key.

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    This post was posted in Consulting, Center for Strategic Leadership, Talent Development and was tagged with Talent Development, FMI Management Consulting, Employee Training, Cynthia Paul

  • Will Falling World LNG Prices Slow Down the U.S. LNG Boom?

    Posted on July 31, 2014 by FMI Staff

    LNGChartThe advent of horizontal drilling and hydraulic fracturing in the United States has fundamentally changed global energy economics. One of the most notable changes is that U.S. natural gas is now so cheap that it is marketable overseas, where prices are significantly higher. This disparity is what has driven a wave of applications with FERC and DOE to construct LNG export facilities in the U.S.

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    This post was posted in Investment Banking and was tagged with Scott Duncan, Oil and Gas Infrastructure Valuations

  • Information Technology Drives Demand Side Management Program Improvements

    Posted on July 16, 2014 by FMI Staff

    PeopleiStock_000017304116MediumWith the growing need for more electricity, gas and water due to population growth, increases in energy/water demand per capita, changing economic dynamics and other factors, utilities across the globe are facing decisions to either build more infrastructure or reduce demand (or at least slow the rate of demand growth). Reducing demand for a resource (e.g., creating “negawatts”) without degrading – and often improving – the result (e.g., light, heat, computing power, etc.) often costs less than creating more of the resource. Furthermore, in many cases utilizing existing resources efficiently and effectively is the only viable option for immediate results. One proven way that utilities can efficiently reduce demand is by effectively designing and implementing utility-sponsored demand side management (DSM) programs.

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    This post was posted in Uncategorized

  • What's Your Company Worth?

    Posted on July 11, 2014 by FMI Staff

    What's Your Company WorthMost business owners have heard of the saying, “it’s all in the details,” and, accordingly, most business owners tend to embody a detail-oriented management approach. They keep their finger on the pulse of the organization, maintaining a constant stream of communication with customers, vendors, and employees. They scrutinize the numbers behind major estimates and lose sleep agonizing over the intricacies of key jobs. They monitor the company’s financial situation in fine detail, and debate over the outlook of the industry as well as the strategic vision of their organization. But at the end of the day, most owners remain uninformed about one major detail relating to their business. How much is it worth?

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    This post was posted in Investment Banking and was tagged with Inc., Fairness Opinions, Business Owner, Employee Engagement

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