Some contractors or owners must manage a portfolio of identical or similar projects, and need to account for a series effect between successive projects. Portfolio performance thus depends on each project performance and the actual measured series effect which impacts both cost and schedule. Our new White Paper 2023-08 ‘How to conduct Project risk management for Series of Industrial Projects’ addresses how to specifically structure the risk analysis of those portfolios of projects.

Series of complex projects such as the construction of a series of approximately identical ships, infrastructure or power plants constitutes a portfolio of projects. Its overall performance is heavily defined by the series effect (learning curve and volume effect), whereby significant performance improvement factors both in terms of cost and schedule apply to those projects following the first prototype. This in turn significantly improves the overall economic performance of the series.

For projects performed as part of a series of projects, risk and opportunity management needs to be performed at the portfolio level. It involves different categories of risk: local circumstances, effective series effect, and industrialisation to support the portfolio. This framework can be deployed effectively to assess risk and opportunities of those series of project, where the expected benefits in terms of series effect gain can be very substantial up to the order of 30-40% efficiency improvements. Discover more in our new White Paper 2023-08 ‘How to conduct Project risk management for Series of Industrial Projects’.

If you can’t access the link to the white paper, copy and paste the following link in your browser: https://www.projectvaluedelivery.com/_library/2023-08_series_projet_portfolio_risk_management_v0.pdf