How stakeholder management and ESG ratings becomes an essential focus for new Large Complex Projects
In our new Expert Corner paper 2020-01 ‘How stakeholder management and ESG ratings becomes an essential focus for new Large Complex Projects‘, Sylvain Richer de Forges exposes how important those aspects are for large complex projects.
This article captures the fact that due to their sheer size, Large Complex Projects offer an unmatched opportunity for practicing and promoting good governance (CSR) when it comes to stakeholders’ engagement. If appropriately covered, this will in term become a significant added value to the overall project reflecting positively on ESG Ratings which are scrutinized by global investors and other stakeholders as an indicator for financial success, stability and continuity.
ESG (Environmental, Social and Governance) ratings become particularly important in terms of financing projects and the paper presents statistics that show how prevalent those ratings are now in terms of investment decisions.
In addition, the paper exposes how to deal with various types of essential stakeholders for large, complex industrial projects, and refers back to case studies to illustrate how important proper stakeholder management can be for those projects.
Don’t miss our new Expert Corner paper 2020-01 ‘How stakeholder management and ESG ratings becomes an essential focus for new Large Complex Projects‘ to better understand the current trends on those aspects.
If you can’t access to the links in this post, paste the following link in your browser to have access to the paper: https://www.projectvaluedelivery.com/expert/PVD_Expert_2020_01_ESG_stakeholders_LCProject_v0b.pdf
What should a Project Estimate Comprise of? An Extended Definition of Estimate Class
The concept of estimate is often limited to cost estimate. However, the actual estimate of the project also consists of many other elements, including schedule and risk analysis – everything which can be used to establish a project performance measurement and control baseline. In this new White Paper 2019-08 ‘What should a Project Estimate Comprise of? An Extended Definition of Estimate Class‘, we develop this extended definition of estimate and the consequences of that more comprehensive view.
It is important to understand that a “project estimate” cannot be just a cost estimate, as it needs to include the underlying schedule and risk estimates; and it also needs to encompass both Capital expenditures (Capex) and Operating expenditures (Opex) to provide sufficient data for the project business case.
The concept of ‘estimate class’ developed by AACEI and commonly used throughout the industry is very focused on design maturity. However, experience and good practice shows that other aspects are also essential to check the overall project maturity, and this includes project execution planning and organization as well as a proper understanding of the project environment. Therefore, we propose an extended approach to the concept of estimate class that accounts for those important factors.
Read our new White Paper 2019-08 ‘What should a Project Estimate Comprise of? An Extended Definition of Estimate Class‘ to understand all the aspects that need to be considered when checking the class of an estimate.
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/2019-08_comprehensive_estimate_v0.pdf