Construction and Erection All Risk Insurances in Project Implementation Phase Purchaser’s Obligations to Insure Purchaser should maintain the following insurance coverages: Construction All Risks / Erection All Risks (CAR/EAR) Note: only if Centralized Project Insurance – setup is chosen (presented further below) Advanced Loss of Profits / Delay in Start-up Marine Cargo (Transit Insurance) Marine
Insurance Arrangements in Greenfield and Brownfield Investment Projects Introduction What are typical construction project risks and how to assess them? What are the main exposures to different parties? Who are the parties of an investment project and what are their interests, duties and contractual liabilities? Which risk can be mitigated through insurance coverage or transferred
Review of innovative startup companies in the Finnish forest industry The key themes for biobased innovations are identified as packaging, textiles, biobased solutions for health care and cosmetics, and building or housing, as depicted in Figure 1. This article reviews some of the most interesting start-ups emerged in the 21st century in Finland and their
Strategic communication planning Effective communication does not happen by accident. The key to success lies, again, in proper planning. Strategic communication targets a clearly defined outcome that is being pursued. It could be for example “to make sure that group x is aware of…” or “to maximise positive perception and acceptability of project y amongst…”.
Feasibility phase – Implementation capabilities Organisational capability demands change during the course of a project. Whereas strategic skills and conceptual engineering know-how are essential during the project development, the implementation phase brings totally new demands to enable a successful delivery of a project. These facts are based on natural development phasing of an investment project.
Conceptual study – Project organisation and governance Project organisation, the team that runs the project, is the single most important element impacting the success of the investment project. In the conceptual phase, the organisation is not yet very large, but in pre-feasibility and feasibility phases there should be in place both relevant project organisation and
Key criteria in designing a post-completion auditing system In this article we will review essential aspects to be taken into account when one designs a post-completion auditing system for a company e.g. to enhance organisational learning (OL). Enhancing organisational learning is commonly considered the major reason for conducting PCA and also the major perceived benefits
Post-completion auditing of investments In this article we will review the basics of post-completion auditing including its definition, typical characteristics, reporting, and managerial uses. Capital investment can be understood as a process consisting of distinct stages: (see Figure 1) Identification of potential investments, Project definition and screening, Analysis and acceptance, Implementation, Monitoring, and Post-completion audit (PCA).
Investment case examples Every investment project is different and has special features in terms of scope, size, timetable and complexity. However, some similarities in e.g. planning, target-setting and final implementation can be found. Below you can find some investment case examples from different businesses and scope: Development investment on SC fluting production line Strategic investment
Typical project pitfalls and success factors Concerning the risk management practices discussed earlier, each project has its own risk landscape and individual unknowns. However, the learnings from similar projects and homework done during the development phases are essential for functional risk management. Proactive analyses in potential challenges and continuous work with risk register can support
