Fixing runaway projects

Picture 11 Picture 12 Picture 16 Picture 30 Picture 32 Picture 33 Picture 35 Picture 39 Picture 41 Picture 48 Picture 50 Picture 4 Picture 21 Picture 34 Picture 43

As a consultancy BSI has developed a reputation for having the ability to solve problems. As a consequence, BSI has been called in by companies to take over projects that have gone awry and to resurrect them and bring them to an effective conclusion (if appropriate). This is achieved by BSI bringing the following skills and discipline to such a situation:

  • Getting the project owner(s) to admit there is a problem. Move away from the “were almost there” trap
  • Enforcing a pause in the project to regroup and re-plan.
  • The experience and ability to complete a project audit to understand the root cause for why things are going wrong
  • The ability to assess the effort to complete the project (paying close attention to the actuals associated with the work completed thus far)
  • The insight to revisit the investment case and validate the ROI
  • The discipline to resubmit the revised/reshaped project back through internal governance to validate the relevance and buy in from the business
  • The confidence to restart the project (with new project pans and revised estimates)
     


Insurance Day News Feed

  1. Insurers count first-half investment profits but must manage them wisely

    Wed, 21 Aug 2019 14:44:37 GMT
    Carriers in London and Bermuda clawed back recent investment losses in a strong first half, but the economic environment is...
  2. Legal Focus: The challenges of insuring decommissioning risks

    Wed, 21 Aug 2019 12:05:51 GMT
    The decommissioning of oil and gas fields is a growing area of work that presents particular challenges for insurers