Worth the Squeeze: Achieve In-Depth Understanding of Your Project Plan and Cost with an All-Hands-on-Deck QRA Effort
Megaproject planning is trending toward over-relying on estimate classification systems to characterize project readiness and risk.
Managing Risk Beats Managing Issues: How to Integrate Risk Management into Your Large Capital Project
Implementing — and sustaining — a project risk management program reduces the chances that your project will face undesirable health consequences.
Predict the Future! Effectively Quantifying Risk for Megaprojects: Success Factors Part 5
Developing contingency and management reserves for a complex project, a megaproject, or a mega-program is undoubtedly a daunting task. There are so many variables at play – organizational risk tolerance, past project successes and failures, and whether or not the term itself, “contingency,” is considered a four-letter word in the judgment of whatever audience you […]
Managing Your Change Portfolio
Just as you manage and monitor the performance of your Capital Projects Portfolio, you must manage your Organizational Change Portfolio.
Demystifying Change Management: Introducing a Framework for Effective Organizational Change
All too often, organizational change doesn’t lead to the outcomes the organizations are hoping to achieve. So, what does make organizational change effective?
Five Steps to Adjust Your Project Plans to Reflect COVID Reality (Instead of COVID Blame)
In 2009, a General Motors plant in my hometown of Oshawa, Ontario, closed an assembly plant, ending decades of production and eliminating more than 2,000 jobs. At that time, the economy was in a freefall triggered by risky investments by U.S. banks in subprime mortgages. GM was one of many companies that used the backdrop […]
Decision Makers: Avoiding the Pitfalls of Cost Estimate Classification
Late last year, Ontario’s provincial government cancelled a project to bring Light Rail Transit (LRT) to the City of Hamilton. This angered residents and local politicians alike who had long been promised better transportation options in the region and the attractive socioeconomic benefits that come with them. Planning for the project has been in the […]
Private Money Financing Public Assets
I’m attending the annual conference for the Canadian Council for Public Private Partnerships on November 18 and 19 in Toronto, to meet with the companies and people at the leading edge of P3s and to talk projects and project performance. If you’ll be there and you’re interested in learning more about Modus and our industry-leading […]
Leaning Forward: Observations on Ontario’s Transit Infrastructure Landscape
Next week, I’m looking forward to attending the 5th Annual Urban Transit Infrastructure conference in Toronto. I’ve been observing with great interest the recent developments and overall landscape of transit infrastructure projects in Ontario, and I’ve given thought to how these projects compare and contrast with current energy megaprojects underway in the Province. Big energy […]
Surfacing the Promise of SMRs: Why the Mining Sector Will be the Catalyst of SMR Commercialization
Within a span of a few weeks, Modus representatives attended two prominent nuclear industry conferences in North America: the Regulatory Information Conference (RIC) held by the U.S. Nuclear Regulatory Commission and the Canadian Nuclear Association (CNA) Conference. One thing is clear from both events: the industry sees the future in Small Modular Reactors (SMRs) and […]
