​Program and Project Management services that are applied are based in international standard practices which are being adjusted to the specific program/project's environment. Such services are provided mainly in the infrastructure, real estate, energy, technology and telecommunications sectors. These services can be categorized as follows.

 

• Procurement Management

Proper procurement management techniques enable a clear understanding of a program/project’s objectives. This, in combination with the creation of a proper competitive environment, assists to achieve price optimization, ensuring at the same time the required level of confidence for successful execution and competition.

 

• Design & Value Management – Engineering

Project design has become a complex, multi-professional arena in which it is frequently necessary to join together extensive teams of various backgrounds. Defining, procuring, coordinating and managing such teams is a task in itself. Red Cube has the capacity and knowledge to instruct, advice, guide and negotiate to get the best possible outcome from the design process to a solution which accurately meets the needs of the Client. By combining design and value management & engineering services, alternatives are been evaluated, risks are assessed and compared, and the most appropriate way forward is being identified, increasing at the same time the value of the investment.

 

• Risk Management

Red Cube by using internationally recognized “Best Practices”, considers the Risk Management as a key parameter for the successful completion of any undertaken program/project. Risk management techniques adopted enable risks’ mitigation, by selecting an appropriate method for the maturation of a program/project, while at the same time alternate paths are indicated through relevant cost benefit analysis. During project’s execution, a risk monitor and response system is established, in order to monitor the treatment of identified risks, to identify new risks and executed the risk response plans.

 

• Cost Management

After producing a detailed cost baseline during the program/project’s initiation and planning phases, an efficient earned value management system will be established that enables effective monitoring of all cost parameters in relation to schedule constrains. Basic principle throughout the execution of the program/project is the use of value management and engineering techniques to optimize CAPEX and OPEX requirements.

 

• Contract Management

For a contract award, the most appropriate contractor selection process is being investigated and determined, depending on issues such as Client’s objectives and status, current National and European institutional framework, the available information and resources and the desired schedule. Contract Management includes all program/project’s objectives and constraints, identified risks and jointly agreed response strategies, monitoring and control methods, as well as project’s closure procedure.

 

• Time Management

Time management comprises all necessary processes, in order to meet program/project’s timeframe. Scheduling and monitoring is of major importance for all projects, since it always affects the investment’s business plan. The services are supported by specialized software, aiming at early identification of risks and application of corrective measures, for achieving project time objectives.

 

• Communication Management

Communication management employs the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval and ultimate disposal of program/project information at a timely manner.