The Energy Roundtable Managing Risk on Large Capital Construction Projects By Dale R. Kern P.E. Deloitte Financial Advisory Services LLP Calgary, September.

Slides:

Advertisements

Similar presentations

The Role of Research at the PCAOB

Advertisements

November 8, 2007 Conference Brief RISC-IQ: Risk Integrated w / Schedule & Cost – Intelligent Quantification Applications for Systems Engineers This document.

Antitrust/Competition Commercial Damages Environmental Litigation and Regulation Forensic Economics Intellectual Property International Arbitration International.

Guidebook for Risk Analysis Tools and Management Practices to Control Transportation Project Costs Keith R. Molenaar, PhD Stuart D. Anderson, PhD, PE Transportation.

©Copyright 2003 Project Expertise Pty Ltd - PMI Honolulu Chapter – March Increase the Likelihood of Project Success.

Joe Killins & Associates, LLC Pipelines & Risk Based Management How Safe is Safe?

1 © 2007 Avaya Inc. All rights reserved. Avaya – Proprietary & Confidential. Under NDA Flatten, Consolidate & Extend (FCE) FCE Planning Presenter Name.

©2001 Plan B Systems Inc. PBSi Quantitative Cost/Schedule Risk Analysis.

Chapter 9 Net Present Value and Other Investment Criteria Copyright © 2012 by McGraw-Hill Education. All rights reserved.

Pricing for value Tom Friedman, Principal Deloitte Consulting LLP Global Consulting Leaders Symposium December 5–7, 2007.

Current Trends in Mining Finance: Strategic and Financial Challenges Roy Hinkamper, KPMG LLP April 2013.

ENGG 401 X2 Fundamentals of Engineering Management Spring 2008 Chapter 7: Uncertainty and Risk Analysis Dave Ludwick Dept. of Mechanical Engineering University.

1 © 2015 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International.

Deloitte in India APLG Annual Meeting Savannah, Georgia February 14, 2011.

Human and Technology Capital Advisors, LLC “Where Financial Accretion Intersect with People and Technology” April 3, 2008.

Chapter 8 Risk Analysis Management of Computer System Performance.

South Corridor Light Rail Project Project Risk Assessment FTA Construction Roundtable May 2004 Presented by Frank Ward, RA/CSI Manager of Construction.

Managing Risk to Reduce Construction Claims (And Improve Project Success) Presented by Laurie Dennis, PE, CVS-Life, FSAVE.

© 2012 McGladrey LLP. All Rights Reserved.© 2014 McGladrey LLP. All Rights Reserved. © 2012 McGladrey LLP. All Rights Reserved. © 2013 McGladrey LLP. All.

1 Safety Management in Construction Research Study Preliminary Results—April 2013 Safety Management in the Construction Industry: Identifying Risks and.

Project Risk Management

4 November 2010 CSC Excellence in Risk Management 1 Quantifying Cost and Schedule Risks for Major Energy Projects PRMIA Luncheon Presentation 4 November.

Deloitte Consulting SCOOPS Session September 2003.

APEGGA CSC Excellence In Risk Management I would not say that the future is necessarily less predictable than the past. I think the past was not.

Copyright © 2002 Open Applications Group, Inc. All rights reserved Project Definition Project name - RiskML Project Leader name – ? Date – 9/12/03.

Copyright © 2014 McGraw-Hill Higher Education. All rights reserved. CHAPTER 15 Project Management McGraw-Hill/Irwin.

Chapter 10 Contemporary Project Management Kloppenborg

November, 2000 Slide 1 Project Services Division RISK MANAGEMENT Project Services Division Presentation By: Adam Malkhassian November, 2000.

© 2012 Financial Operations Networks LLC Risk Mitigation Strategies for AP Leaders.

Practical Aspects Of Participating In The Ontario Power Markets CERT Conference Pat Concessi, Partner – Global Energy Markets May 31, 2005.

How lawyers & paralegals can add value after contract execution Contracts Signing after.

COST BENEFIT ANALYSIS- PUBLIC SECTOR INVESTMENTS Lucky Yona.

EU-ASEAN FTA: Mandates and the PCA Golda S. Benjamin IDEALS, Inc

Event Planning Timeline Day Close Jun 24 Milestone 4 Here Jun 4 Milestone 3 Here May 9 Milestone 2 Here Apr 11 Milestone 1.

Day 1 Afternoon: Managing Extreme Supply Chain Events Lecture – Market Turbulence and Risk Lecture - Environmental Assessment – estimating likelihood and.

Chapter 8 Managing Project Risk Copyright 2012 John Wiley & Sons, Inc. 8-1.

The 1 st Year in Public Accounting. Overview What to expect What to expect Professional Development Professional Development Organizational Structure.

Chapter 7 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 7-1 Risk Management.

Deloitte Consulting LLP SCOOPS Session September 2004.

London Houston Washington New York Portland Calgary Santiago Bogota Rio de Janeiro Singapore Beijing Tokyo Sydney Dubai Moscow Astana Kiev Porto Johannesburg.

VisaPro Services Pvt. Ltd.. THE COMPANY VisaPro Immigration Services LLC, USA –US based immigration law firm –Offices in US and India.

Risk Management in a Collaborative Environment John Lofty 5 March 2004.

Today SepOctNovDecJanFebMarAprMayJun Business Strategy Landscape Review Complete Oct 7 Campaign Concepts Complete Dec 15 Regional/Global/Country.

Introducing Project Management Update December 2011.

The International Federation of Adjusting Associations Annual Conference John Hurrell CEO of AIRMIC Thursday 30 th April 2009.

VisaPro Services Pvt. Ltd.. THE COMPANY VisaPro Immigration Services LLC, USA –US based immigration law firm –Offices in US and India.

Gantt Chart Project Timeline

Copyright © Texas Education Agency, All rights reserved. Risk Management Fundamentals Statistics & Risk Management 1.

Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Day 4.

TOWN OF EDENTON NEW POLICE DEPARTMENT.

Title. 1 Breakout Session: A5 Dr. Mike Criss, Senior Fellow, Fluor Corporation Date November 5, 2012 Time12:30 – 1:45 PM Risk Fundamentals for Contract.

1Third Party Assurance Optimization and Control RationalizationCopyright © 2016 Deloitte Development LLC. All rights reserved. Third-Party Assurance (TPA)

 Define and recognize risk  Define the contents of a risk management plan  Conduct a risk identification and prioritization process  Define.

Managing The GLOBAL Business

Capital Project / Infrastructure Renewal – Making the Business Case

Gantt Chart Project Timeline

Consulting Project Timeline

PMI North Area PMP Exam Study Group

Deloitte Consulting LLP SCOOPS Session

Risk Adjusted Project Schedules

Project Risk Analysis and Management: L3

Construction Projects

Chapter#8:Project Risk Management Planning

GDPR Dashboard General Data Protection Regulation 06/02/2018

Event Planning Timeline

Project Overview.

Planning Reserve Margin

Chapter#8:Project Risk Management Planning

GDPR Dashboard General Data Protection Regulation 06/02/2018

Presentation transcript:

The Energy Roundtable Managing Risk on Large Capital Construction Projects By Dale R. Kern P.E. Deloitte Financial Advisory Services LLP Calgary, September 26, 2006

Copyright © 2006 Deloitte Development LLC. All rights reserved.1 Agenda Isn’t Deloitte an Accounting Firm? Construction is a Risky Business Case Example Third Party Participation to Mitigate Risk

Copyright © 2006 Deloitte Development LLC. All rights reserved.2 Isn’t Deloitte an Accounting Firm? Professional services Firm Over 1000 Construction Industry Clients Construction Advisory Services Involved in Thousands of Projects Deloitte

Copyright © 2006 Deloitte Development LLC. All rights reserved.3 Capital Construction Projects are a Risky Business Labour Availability Availability of Skilled Professionals Escalation Contract Disputes Weather Accidents Global Market Place Etc.

Copyright © 2006 Deloitte Development LLC. All rights reserved.4 Global Market Risks Foreign Governments Culture and Communications Labour Uncertainties Transportation Quality Contracting/Legal

Copyright © 2006 Deloitte Development LLC. All rights reserved.5 Global Case Example

Copyright © 2006 Deloitte Development LLC. All rights reserved.6 Global Case Example Design Not Understood Initial Fabricator Did Not Honor Agreement New Fabricator Selected, Steel Moved Unforeseen Shipping Consequences Quality Control Problems

Copyright © 2006 Deloitte Development LLC. All rights reserved.7 Doesn’t My EPC Contract Mitigate My Risks?

Copyright © 2006 Deloitte Development LLC. All rights reserved.8 FORMAL RISK ASSESSMENTS Identify Risks Quantify Potential Impacts Determine Probability of Occurring Decide on Mitigation

Copyright © 2006 Deloitte Development LLC. All rights reserved.9 Third Party Participation, One Way to Reduce Risks No Other Role In The Project Construction Industry Background Background in Your Business Willing to Stand Up to Project Team

Copyright © 2006 Deloitte Development LLC. All rights reserved.10 Activities for Third Party Participation Formal Risk Reviews Schedule Reviews Budget Reviews Monte Carlo Analysis 100% 75% 50% Percent Likelihood Completion Date 25% Jan Feb Mar Apr May Jun The Probability of the Project being Completed by April 1 st is 75%

Copyright © 2006 Deloitte Development LLC. All rights reserved.11 Why Third Party Reviews Work Independence From Project Team Keeps Everyone True to the Task Can Ask Dumb Questions Different Point of View From Our Experience, It Works!