Level:
Basic
TCM Section(s):
6.4. Forensic Performance Assessment
4.1. Project Implementation
Venue: 2022 AACE International Conference & Expo
Abstract: Typically, large capital projects are complex in nature and events happening during the project life cycle continue to impact the final outcome of the project. Although all company projects follow the stage gate process to determine whether or not the project can continue to the next phase, factors beyond company’s control cannot be avoided and they can only be mitigated. External factors which impact the project prove difficult to be fully controlled, however, timely steering efforts by higher management and due diligence from the team may improve the chance for project success. This study will review the circumstances and indicators that entailed the project in distress, and what was done to recover and achieve the required targets. This study will take a deep dive into techniques utilized to mitigate the challenges which resulted in the successful completion of this project.
TCM Section(s):
6.4. Forensic Performance Assessment
4.1. Project Implementation
Venue: 2022 AACE International Conference & Expo
Abstract: Typically, large capital projects are complex in nature and events happening during the project life cycle continue to impact the final outcome of the project. Although all company projects follow the stage gate process to determine whether or not the project can continue to the next phase, factors beyond company’s control cannot be avoided and they can only be mitigated. External factors which impact the project prove difficult to be fully controlled, however, timely steering efforts by higher management and due diligence from the team may improve the chance for project success. This study will review the circumstances and indicators that entailed the project in distress, and what was done to recover and achieve the required targets. This study will take a deep dive into techniques utilized to mitigate the challenges which resulted in the successful completion of this project.