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• JV and relationship challenges

• Access to funding

• Poor portfolio management and changing risk appetite

Data Considerations

• JVs are complex and need diverse information to manage   divergent investment rationale

• Data helps understand components potentially impacting project economic viability

• Use historical performance data   to help Portfolio management  and  project selection

Portfolio and Commercial

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• Inadequate planning

• Poor procurement of contractors

• Aggressive estimates and optimism bias

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Data Considerations

• Ability to use benchmark data to challenge the planning process to avoid over promise

• Real time information is required to drive procurement effort across the project supply chain,

• Using own benchmark data to remove estimation bias.

Project Development

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• Ineffective project management

•   Poor contract management

•   Human capital deficit

Data Considerations

• Accurate real time impact assessment of design to other functions is paramount to manage complex projects,

• Real time Vendor performance monitoring will remove bottlenecks which often lead to variation orders,

• Data based work estimation enables accurate resource planning.

Project Delivery

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• HSE risk and local content

• Regulatory delay and policy uncertainty

• Inadequate infrastructure

Data Considerations

• Historical HSE performance data allows assessment of costs to meet “Zero tolerance to accidents” environment on mega projects,

• Regulatory and policy uncertainty increase execution risks,

• Information on adequacy of infrastructure enables assessment of productivity factors.

Regulatory Challenges

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• Diplomatic and security issues

• Financial and supplier market uncertainty

• Civil and workforce disruption

Data Considerations

• External real time data monitors changes to market fundamentals and provides advance warnings on:-

  • Vendors financial status

  • Exchange rates

  • Commodity constraints / prices

Geopolitical Challenges