1 A Start and End Date
2 Precise description of what the project will produce
3 Total cost
4 Business Case
5 Tolerances for the above.
It seems our friends at the energy department have signed off the start of the project without knowing the End Date or how much it will Cost. What makes the Business Case viable is knowing what it will deliver, how much it will cost and when it will be delivered. Any variation to them may render the Business Case non-viable. If the Business case becomes non-viable the project must stop.
Stopping the project does not mean a total loss. You can find use for what has been produced thus far and recuperate some of cost.
They have just about broken every rule of project management.
This was because CMC had stopped all work at Vasiliko at the end of January and filed a claim for €200 million against Cyprus at the London court of arbitration, claiming the incurring of higher costs and the alleged failure of the project manager, Etyfa (the natural gas infrastructure company), to carry out its contractual obligations.
Under which Project Management principle or methodology can a company be Project Manager? Certainly a company can nominate an individual from their ranks to be the Project Manager. Another important aspect should be can the Project Manager be from the Customer or the Supplier?
It seems to me some people are getting a lot of back handers on this one.
https://cyprus-mail.com/2024/03/20/our-view-finally-something-positive-to-say-about-lng-plant
Only real Project Managers should respond, the janitor community stick to what you know best.
