Documente Academic
Documente Profesional
Documente Cultură
Contingency planning
Deliverables;
Ranking of most important project risks Identification of mitigating actions Cost and schedule distribution Assessment of project buffers and contingencies
Approach
- Integrated with project management - Brainstorming and interviews - Checklist and lessons learned
Methods/Tools
EasyRisk Manager @RISK Crystall Ball Pertmaster
DNV Solution:
- Develop risk management procedures - Develop an risk management tool for identification, assessment and follow-up (action tracking) of risks. - Implementation in 20+ projects worldwide
Value Delivered:
- Corporate procedures for project risk management - Increased level of management in project developments, resulting in reduced likelihood for project delays and costoverruns
DNV Solution:
- Assess uncertainty in time and cost estimates for project baseline - Identify and assess probability and impact of unexpected risk events - Estimate uncertainty and required confidence level in total project costs using an integrated cost/schedule model, incorporating the effect on cost from schedule delays - Identified the most important risk drivers and evaluate risk-reducing measures
Value Delivered:
- Enhanced insight in project risk drivers - Recommended budget with required contingency
DNV Solution:
- Independent review of project status and schedule risks related to engineering, production, testing and implementation phases - Estimate expected project completion date and related uncertainty - Identify key drivers and communicate results
Value delivered
- Management focus for risk mitigation - Confidence in revised target completion date - Enhanced communication and trust between project partners
Fi
Deliverables:
- Fitness for purpose assessments
Project due diligence Vessel and fleet assessment Design Support Drawing Appraisals
- Yard Assurance:
- Contract services - Bid Evaluations - Yard capability assessments (including recycling yards)
- Concept Development:
- Development of design visions, assessment of design feasibility, development of overall concept policies - Improvement of performance, efficiency & handling - Assess effect of changes to markets, ship design and frameworks
Independent review
Lenders advisor
Deliverables;
- To provide our Clients with a improved understanding of the risks and risk mitigations and support them with their LNG investment decision - To establish that a reasonable approach has been taken in respect of such factors such as design, technology construction and maintenance life cycle and costs
Approach
- Independent assessment - Stakeholder interviews - Document review
Methods/Tools
Cost modelling @RISK Crystal Ball Pertmaster
DNV Solution:
- Integrated risk model of the Snhvit development - Assessment of risk against cost, schedule and financial performance (NPV, IRR, etc.) - Identification of key risk drivers
Value Delivered:
- Supporting the Client's role as an active partner in the Snhvit licence - Enhanced the Client's in-house capacity to assess uncertainty associated with future investments (farm-in evaluation)
Investment risk
NPV assessments
Concept selections
Valuation of flexibility
Deliverables;
NPV of investment Total risk assessment Concept selection Cost-benefit of alternatives Risk sharing
CAPEX
OPEX
Time
RISKEX
RISKEX
Approach
- Technical, economical and performance studies - Concept studies - Cash flow model of life cycle
Methods/Tools
- USER (Understand-Simplify-EvaluateRecommend) - @RISK - Crystal Ball - EXTEND
DNV Solution:
- Apply a structured approach for risk analysis of the central processes in the value chains
Value Delivered:
- Transparent and traceable risk analysis of important processes in the value chains for Card products and services - Comprehensive recommendation of projects that address the main challenges in the value chains
Client Logo
This reference is approved by Nordea