ES Project
Description of the issue
- There is risk in any major capital project; ranging from currency rate to supplier dependability.
- The importance of solid contracts and good relations between all suppliers will mitigate some of the risks. The exact risks in this project are company, time, site, and/or commercially sensitive but some general lessons learned will be developed.
Recommandations
- One of the lessons learned is to not take planning lightly, to make sure to hire experienced people so that inexperience does not add to the complexity of the project. When appropriate, risk should be quantified and protection for the company should be put in place (currency hedging, insurance, etc.)
Project Stage
Storage Technology