This unique two-day seminar will provide participants with an insight into the common causes of project failure, how they can be avoided and resolved.
Through this highly practical workshop you will:
- Examine how to organise the successful delivery of complex projects to avoid costly disputes
- Understand why projects fail and how widespread it could be to avoid this within your own activity
- Review the mechanisms under which projects are typically managed and delivered to manage and control your exposure to risk
- Establish the key rules of engagement to ensure control
- Evaluate how project stakeholders define success to better meet their expectations
Benefits of this programme
- Gain a detailed knowledge and understanding of the causes of project failure
- Become aware of best practice procedures to avoid and manage project distress
- Find out how improved awareness can contribute to reduced distress and improved project failings
- Understand the best practice procedures that improve bottom line project performance
- Learn about dealing with all project participants to manage and reduce effects of project failure
- Recognise the importance of early recognition and intervention
- Master the application of project risk management
Who is this programme for?
- Project managers
- Risk managers
- Bid managers
- Procurement managers
- Commercial managers
- Contract managers
- Bid and tender managers
- In-house counsel
- Contract analysts
- Programme managers
- EPC contractors
- Energy companies
- Specialist contractors
Programme - Day 1
Why do projects fail and how widespread is failure?
Project delivery, participants, roles, responsibilities and deliverables: Looking at how companies organise the delivery of complex projects including
- A review of how organisations typically reach the decision to invest in new capital projects
- Business case
- Effective sponsorship
- Failing to plan is planning to fail
- Business/portfolio/program and project governance and controls
- Behaviours or process?: A stitch in time saves nine…
Contract delivery mechanisms: Review of the mechanisms under which projects are typically managed and delivered
- Project deliverables
- Pit falls and problems
- Common project delivery structures
- Operational features
- Reimbursement mechanisms
- Risk distribution
Rules of engagement: How are the parties to a major project controlled, managed and co-ordinated?
During this session participants will be introduced to a case study oil project. The project is unique and will form the basis around which many practical and action based studies will take place during the day. Participants will also be introduced to a standard industry contract which will also be used in conjunction with many of the issues discussed.
- The role of contract
- Who does what and when?
- Programmes and programming
- Understanding the contract
- Setting up systems for success
Programme - Day 2
What defines project success? Looking at how project stakeholders define success
- Common features of failed projects:
- Project types
Drivers towards project success
During this session participants will engage in a workshop to examine and consider the case study project and review the extent to which the project exhibits features that have a potential to contribute to project failure. The participants will examine the extent to which the standard industry contract assists in addressing these features and helps in delivering success.
- An examination of the features of successful projects
- Managing risk
- An introduction to the basic principles of risk management
- People versus contracts
- Reducing the impacts of project failure
- Effective leadership is worth a fortune
Project pinch points – An examination of common issues causing project distress
Using risk management practices participants will review the case study project and produce a risk management plan. Participants will also review the standard contract and consider the extent to which it adequately manages risk and make suggestions for alterations and amendments.
Managing and mitigating the effects of project failure
- Incomplete design
- Split responsibility
- Aggressive programmes
- HAZOP and design reviews
- Preferential engineering/re-engineering
- Approval points
- Change orders
- Claims and delays
- Early warnings signs
- Using the programme
- Earned value
- Using the contract
- Risk management (project and team perspectives)
- Project recovery and acceleration
Prepare for failure – The key to success
Using the case study project participants will consider a range of the mitigation and recovery options available and the implementation of the risk management plan from the day.
- A review of project and commercial management procedure and practice that can alleviate the negative impacts of project failure
QUESTIONS AND ANSWERS
Participants are invited to contribute to a question and answer session addressing specific real project issues together with issues and topics arising out of this programme.
We don't have any currently scheduled dates for this course but we can customise it to your requirements and deliver it on an in-house basis for any number of your staff or colleagues.
See below or contact us to discuss yor requirements.