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How to mitigate your risk

If you’re reading this, you’ve taken the first step to improving your chances. And it’s one too many people overlook.

Some clients call them megaprojects, others programs. They involve major feats of engineering with tight timelines—often in harsh conditions—and multiple stakeholders feeding into the process. Yet, too often, in this heightened environment, things start to slip. By then, millions of dollars are on the line, and the fallout can wipe billions off a company’s stock price. What are they overlooking?

Better the devil you know

Our clients know the technical aspects of their work. But it’s easy to overlook the essential elements that bind the whole endeavour together. You need project management principles combined with risk insights from people who understand your industry, battle-tested in the environments you operate in. 

Foresight means two things. Either you’re seeking to understand what’s likely to happen on your current project. Or you want to look ahead and change the way you plan. We can help with both to better mitigate your risks going forward and secure your reputation. If you’re to avoid project hell, the devil is in the details. 

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Why Prima

PRIMA stands for Project Risk Management—and so do we. PRIMA is our core methodology, taking standardized processes from the Project Management Body of Knowledge and rigorously applying them to specific domains in the upstream energy industry.

We started almost 20 years ago on a project for BP which led to us define their global rig intake and startup process. More recently, our method has helped a manufacturer of CHP boilers install their equipment on multiple projects in biomass plants. PRIMA can adapt to scrubber installation on ships to meet new sulphur emissions regulations. Or define the commissioning process for offshore wind farms. And much more beyond. 

The single factor that unifies the organizations we serve is the high level of complexity inherent in their projects—and the high impact of the risk if things go wrong. While some call this project management, we include the word ‘risk’ because in the world you operate in, it’s always present. 

 

With our PRIMA method, you’ll gain:

• Confidence in your risk identification

• Peace of mind from your risk mitigation

• Understanding from our independent review

• Assurance of the fitness of your processes

• Certainty of your governance

Readiness Review

When your reputation hinges on project delivery, you need to be sure of your risks. Which is why our motto is ‘readiness is all’.

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Project Definition

When you’re preparing to undertake a major project, it pays to check the map with people who have marched over similar terrain many times before.

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Project Governance

Whenever alignment slips, risks ramp up. Get your policies, protocols and processes right and you can sidestep pitfalls.

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“Epeus is a highly-regarded project management consultancy, that continues to attain and exceed my expectations.”

Fiona Bannister, Technical Services Manager, Centrica Energy Upstream

"We brought you guys in to scare us into action, and you delivered in buckets.”

Don Jacobsen, EVP, Shell

“Epeus understands the key requirements that are needed to achieve successful rig startups. Their personnel have deep experience and are knowledgeable in the areas of rig delivery.”

Brian Hay, Director, Rig Engineering, Global Wells Organization, BP

“Whenever we’ve needed Epeus personnel, they’ve always got there fast—anywhere in the world.”

Sachin Mehra, Vice-President, Asset Management, Valaris (ENSCO)

“The rigorous approach of Epeus’ project readiness review service quickly gave us a set of robust and independent insights into the state of readiness of our field development project. The findings proved to be extremely valuable.”

Leonardo Adami, Director, Petroleum Equity

“The bondholders appreciate the candour and view you guys provided. It was one of the key ingredients to getting consensus on the overall transaction.”

Ken Becker, Director, AMA Capital

"We needed knowledge and experience of a large complex project environment and leadership for our on-site technical team to get us across the finish line. Epeus stepped up to help us implement our project strategy with good discipline."

Peter Anson, Director, Projects and Sites Energy Business Unit, Valmet Technologies Oyj.