uncertainties Archives

Prefeasibility hazard adjusted NPV

A mining company asked us to perform a Prefeasibility hazard adjusted NPV evaluation. Our action first focused on bringing clarity in their risk register which presented numerous classic mistakes. Among these the usual confusion in terminology, confusing risks and hazards, uncertainties vs risks, etc. Once the risk register was corrected it was possible to perform the requested hazard adjusted NPV and to draw valuable conclusions. Among these, we highlighted potential fatal flaws of the project which warranted in depth analyses…

Five keys to healthy planning, project management that every manager needs, but only successful ones know.

Five keys to healthy planning, project management that every manager needs, but only successful ones know. Projects, particularly larger ones, are inherently risky due to long planning horizons and complex interfaces. Inevitable changes in management and workforce personnel during the project’s cycle increase uncertainties. They also generate unwanted additional risk exposures. Five keys to healthy planning, project management that every manager needs, but only successful ones know. May be you are among those who: Are concerned by poor risk identification and…