Posts Tagged ‘Risk Management’
INTRODUCTION TO EPC CONTRACTS Part 3
Part 1 of this series discussed the basics of EPC contracts. Part 2 underscored the need for project key personnel to read and understand contract scope and terms and conditions. This piece discusses contracts as a risk management strategy.
Read MoreEPC CONTRACTS FROM OWNERS’ PERSPECTIVE
It was my privilege to facilitate a technical session hosted by the Project Management Institute (PMI) Nigeria today. My presentation discussed, among others, The Power of Contracts Contracting as a Risk Management Strategy Project Definition, Associated Risks, and Implication for Contract Types Owners’ Perspective of an EPC Contract; what the owner expects beyond scope, cost,…
Read MoreHERE’S THE PERFECT SOLUTION IF YOU WANT TO BECOME GREAT AT PROJECT PLANNING IN AS LITTLE AS 3 MONTHS
I had promised in a previous piece to outline the content and requirements of an effective training program for project planning. I am going to address that in this piece.
An effective training program comprises two key components: Great Content and Powerful delivery.
First, the content of an effective training program for planning engineers, in my view, should go beyond the technical skills of engineering or technical qualification and competency. It should also be more than competency in using project management software such as primavera or MS Project. It should include business and leadership skills.
EPC Contracts – The Owners’ Perspective
This online seminar is developed by a project management professional for project professionals.
It aims to equip project personnel with requisite Risk Management and Contracts competencies for career progress.
Lessons From Project Management 4 – Risk Management and Goal Setting
In the first three parts of this series, I discussed the need for detailed Execution Plan, Goal Visibility and Accountability Partnership, to increase the odds in favor of accomplishing our goals. I would advise very strongly that you read those posts to gain a broad view of the subject. Today I discuss another project management…
Read MoreHOW TO MITIGATE STAKEHOLDER BIASES IN RISK ASSESSMENT
It is common knowledge, or at least it should be, that the quality or integrity of the risk management plan depends on the quality of the risk identification and assessment processes that underpin it. Risk assessments is the primary input to the risk management process. Therefore, no effort should be spared towards assuring the quality of…
Read MorePROJECT STAKEHOLDERS MANAGEMENT: EMERGING CHALLENGES
Our world may never have seen so many conflicts – socio-economic, geo-political and sectarian – at any one time in its history as it does today. These have led to changes in the project environment, with attendant complexity, making the definition, identification and management of project stakeholders a herculean task.For instance, the 5th Edition of…
Read MoreGoal Setting Lessons from Project Management Part 4 – Risk Management
In the first three parts of this series I discussed the need for Detailed Execution Plan, Goal Visibility and Accountability Partnership, to increase the odds in favor of our goals, to ensure accomplishment. I would advise very strongly that you read those posts to gain a broad view of the subject. Today I discuss another…
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