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 call them megaprojects, others programs. They involve major feats of engineering, often in harsh conditions, with tight timelines and a lot riding on the outcome.
Too often, in this heightened environment, things start to slip—especially with multiple stakeholders feeding into the process. By then, millions of dollars are on the line, and the fallout can wipe billions off a company’s stock price. At this point, without genuine project resilience, executives are left hoping for the best even as they fear the worst.
Maximizing certainty, tackling uncertainty
To develop a project resilience plan, you need to understand your resilience level for this specific project, maximizing your team’s knowledge of the risks they will face throughout execution. It re- quires the right balance of rule-based processes and a more mindful approach.
Foresight means seeking to understand what’s likely to happen on your current project. Or looking ahead to change the way you plan. We can help with both to better mitigate your risks and secure your reputation.
Why Prima
PRIMA stands for Project Risk Maturity—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. Your Project Risk Maturity level has an impact on the resilience of your project team and its ultimate success.
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
Resilience Appraising
When your reputation hinges on project delivery, you need to be sure of your risks. Which is why our motto is ‘readiness is all’.
Find out moreResilience Mapping
When undertaking a major project, it pays to check your route with experts who have climbed many similar mountains.
Find out moreResilience Enhancing
Greater resilience comes from a mindful approach to risks throughout the project—not just at the beginning.
Find out more“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’s 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 onsite 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.
“Your expert's knowledge was outstanding, the report was professional, and his courtroom experience shone through during cross-examination. Great job.”
John Deis, Partner, Hicks Thomas LLP
“The Epeus team helped us to understand the complexities associated with a new build rig project and a new North Sea contractor startup."
Andrew Lough, Culzean Wells Project Manager, Maersk Oil
“Epeus’s approach allowed us to fully analyse our options, integrate the rig construction period into our Culzean Project and feel more confident as we progressed towards the start of our drilling campaign.”
Andrew Lough, Culzean Wells Project Manager, Maersk Oil