Building a multi-million dollar ship and the offshore rig is a complex, high-pressure endeavor involving numerous stakeholders, vast resources, and numerous technical challenges.
Proper budgeting techniques are essential to ensure that the project remains on track, costs are controlled, and financial resources are allocated efficiently.
Yang Tan emphasizes the indispensable role of rigorous budgeting in successfully executing large-scale shipbuilding projects: “Budgeting serves several crucial functions in the context of shipbuilding.
Budgeting also provides a benchmark for measuring project performance,” Yang Tan adds.
At the helm of the multi-million dollar offshore drilling ship construction project he used meticulous budgeting and planning...
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