Take a look at who is attending the Interface Management for Capital Projects Summit...
Recent statistics have shown that as many as 78 per cent of megaprojects experience both cost overruns and delivery delays, with overruns of more than 50 per cent not an uncommon occurrence.
With thousands of interfaces suturing together the multidisciplinary tasks that a megaproject is comprised of, successful delivery can marshalled and expedited at that level. In the following interview, we speak to the man in charge of interface at one of Norway’s most complex subsea projects about how three simple “S” words can set you on the path to achieving your stated goals.
• Coordinating stakeholders across various geographies, languages, and time zones
• Unique planning, logistics, and project management needs, including interface management
• Ensuring hook-up and commissioning occur in the most logical sequence
With so many stakeholders involved and extremely complex projects to build, interface management (IM) aims to keep all involved stakeholders aligned in order to ensure the safety and integrity of each project subsection, as well as the integrated performance of the project overall.
This case study examines how the assembly of a gas turbine generator (GTG) package was completely derailed by the mismanagement of interface dependencies within that project’s scope. As a result, the construction and launch of an offshore platform went grossly over time and budget and ended up costing the owner potentially hundreds of millions of dollars in production revenue. This study also identifies how interface management could have been applied to this project in order
to reach successful completion of the GTG package as well as the offshore platform project as a whole.
Ed is a recognized expert on the development and execution of large and complex megaprojects and is sought out by Fortune 500 company executives and professionals worldwide. His expertise in megaprojects is built on decades of research on the unique challenges of these complex investments. With the recent surge in megaproject activity across the oil, minerals, and chemical industries in all parts of the world, Ed’s studies are motivated by the industry’s need to develop and execute these projects more successfully in the years ahead.
Over the course of the preceding three decades, capital projects in both the commercial and industrial space have become increasingly larger and more complex. The megaproject, defined as any project that costs in excess of $1 billion, is now ubiquitous. Unfortunately, cost run overs and late delivery are equally constant. With four out of every five oil and gas megaprojects failing to fulfil their objectives, interface management, the activities of defining, controlling, and communicating the information needed to enable projects to succeed, is becoming evermore important.
In the following interview we speak with an experienced systems integration engineer about his time working across the rail sector, and how the lessons learned in this industry can be successfully transferred to other business verticals.