Critical Elements of a Successful Project
Frota Barcellos, Julie (2019)
Frota Barcellos, Julie
2019
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201905088409
https://urn.fi/URN:NBN:fi:amk-201905088409
Tiivistelmä
This Thesis is a case study based on the project of a gas pipeline between Finland and Es-tonia executed by Baltic Connector Oy. The objective of this Thesis is to build a roadmap with main challenges and success elements that may be applied for future big infrastructure projects to contribute to positive results. At the time of the publication of this Thesis, the project has been very successful in terms of keeping the budget and the schedule. As such, the focus of the study was to raise the elements that contributed to this success.
The study was based on interviews with the main participants of Baltic Connector team and other key stakeholders, focusing on topics such as definition of project success, risk management, main challenges from this project and the ways they were overcame. It also benefited from inputs from literature information regarding infrastructure, engineering and energy projects. A typical engineering project structure served as a basis for the distribution of success elements and allowed for a clearer view of their application.
The outcome of this study is a roadmap with key success elements and challenges as guidelines for future projects. The study revealed, along with other aspects, that dedicating special attention to the initial phases contributes to the good performance of the project. A well-executed Procurement phase combined with a well-performed Engineering Design contributed to minimizing risks such as change orders and selection of suppliers with lack of qualification, which would impact on the next phases. The proper selection of procurement strategy between EPC and EPCM formats also revealed to be an important factor affecting the schedule and the level of control of the project by the Owner.
Although each project is unique and subject to its own environment, political scenarios, and other variables, the roadmap suggested in this Thesis can contribute to the success of future engineering projects, serving as general guidelines.
The study was based on interviews with the main participants of Baltic Connector team and other key stakeholders, focusing on topics such as definition of project success, risk management, main challenges from this project and the ways they were overcame. It also benefited from inputs from literature information regarding infrastructure, engineering and energy projects. A typical engineering project structure served as a basis for the distribution of success elements and allowed for a clearer view of their application.
The outcome of this study is a roadmap with key success elements and challenges as guidelines for future projects. The study revealed, along with other aspects, that dedicating special attention to the initial phases contributes to the good performance of the project. A well-executed Procurement phase combined with a well-performed Engineering Design contributed to minimizing risks such as change orders and selection of suppliers with lack of qualification, which would impact on the next phases. The proper selection of procurement strategy between EPC and EPCM formats also revealed to be an important factor affecting the schedule and the level of control of the project by the Owner.
Although each project is unique and subject to its own environment, political scenarios, and other variables, the roadmap suggested in this Thesis can contribute to the success of future engineering projects, serving as general guidelines.