Owners devote a lot of thought to findings ways to do more for less in the current commodity market. They aim to ensure that their developments will be less costly, less capital intensive and less risky for them. Sometimes this translates into simply shifting risks to Contractors who are forced to take them in the […]
How to Achieve Sustainable Cost Reductions in Projects from an Owner Perspective Read More »
Low probability, high consequence risks (called in this White Paper ‘catastrophic risks’) are very significant when one looks at the history of major project-driven organizations. At the single project and at the portfolio level, a single occurrence can change the fate of entire organizations and even industries. Yet these risks are not properly covered by
How to Manage Project Low Probability, Catastrophic Risks Read More »
While having a single integrated schedule that includes all Project information is a good practice for very small, simple Projects, this is not a sustainable practice for Large, Complex Projects. In this instance, a Schedule Hierarchy must be built that will allow to track information at the right level. In particular, the Integrated Project Schedule
How to Build a Proper Project Schedule Hierarchy in Large Complex Projects Read More »