Description

In this episode, I had the pleasure of chatting with Amélie Morissette (Senior Strategic Planning Manager) and Julie Turgeon (VP Construction) from INNERGEX. We review a number of points related to Project Execution Planning in the Energy Sector.

The energy sector is experiencing unprecedented growth and the next ten years will see $100 billion+ per year in renewable generation. Managing the project execution, resources, materials, logistics, and most of all risks will be a challenge. Those that have the ability and experience will be successful in the delivery and creation of these new assets. 

Canada and the United States are busier than they have been since WWII infrastructure development. We are beyond updating or upgrading systems. This is all of that and at the same time double and triple capacity while adding in new technology on the fly as it develops.

Risk management is the most critical item and skill that project managers need and use. Implementing strategies to mitigate risk is the core of any project execution plan. Managing all the moving parts of cost, schedule, scope, design, procurement, and construction execution are all part of a project execution plan. Selecting and organizing the right Project Management Model is the key to a successful outcome.

The three models we review are typical Engineer, Procure, Construct (EPC), Engineer, Procure,  and Construction Management (EPCM), and Integrated Project Delivery (IPD). The later being a very good solution for complex projects that are developing and building with shared risk and reward. The benefit of collaboration with the key parties of Owner, Developer, Project Manager, Designer, and Contractor managing all aspects of the project in an open atmosphere.

Key Takeaways:

1. Managing projects is complex and relies heavily on risk management and the ability of the key people involved to control the outcomes for a successful project. 
2. The energy sector developments happening are massive, and the emerging technology has pushed the boundaries of risk mitigation in execution planning. Having the right project management plan for the scope of work is critical to the success of the project.
3. The tracking and managing of the four (4) Project Pillars (Charter, Budget, Schedule, Risk) are required for a clear picture of the ongoing project for successful outcomes.
4. The three main project delivery models are Engineer, Procure, Construct (EPC), Engineer, Procure, and Construction Management (EPCM), and Integrated Project Delivery (IPD). The right solution will be developed during Project Execution Planning.