In Part 1, we looked at how two similar megaprojects--separated in time by 1,800 years--delivered transformational change through the magnitude of their engineering achievements. But to understand the challenges of managing megaprojects--what is it that makes them so alluring yet so fraught with difficulty?--we must first understand what shapes the urgency of their ambitions.
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Studies have shown that inappropriate requirements are the leading cause of project failure. And a few categories of requirements are not as well documented--and should be considered when it comes to projects within the natural resources and energy sectors. This article discusses the consideration of said requirements, along with the associated risks and opportunities.
Once project planning begins, procurement quickly becomes a vital activity. Whether you are building a bridge, installing a software upgrade or launching a new product, procurement matters to project success. Procurement poses both ethical and practical challenges.
Nuclear technology and project management have a long standing relationship. The River Corridor Closure Project was a finalist for the PMI Project of the Year award in 2015. As a large-scale project that dealt with significant hazards and large budgets successfully, there is much to learn from this project.
Energy firms are aware that the world is watching their actions concerning environmental impact. In this context, Chevron’s El Segundo Coke Drum project—winner of PMI’s Project of the Year Award in 2015—is well worth studying. The project was successful, delivered under budget and with an excellent safety record.
New technology projects carry a high degree of uncertainty. Agile promises to manage uncertainty. Does this make for a natural match? Or are there more factors that influence the project manager’s chosen approach to a new project?
The question many people have with outages is on how to manage them. Should they be treated as a project or a process? The key to a successful outage is a detailed preparation plan followed by smart monitoring of critical parameters.
Scope creep is a serious challenge that outage managers, outage engineers and planners face before and during an outage. In order for us to manage it, we must understand what scope creep is—and what its causes are.
Chevron gets creative to meet the needs of a fuel-hungry U.S. metropolis.
Public-private partnership projects can help emerging economies fill infrastructure gaps—if governments define a clear ROI.