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7/28/2019 Mitigating Risks for Large-Scale Projects
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March 26, 2013 | Author
Confidential | Copyright L&T IES
Mitigating Risksfor
Large Scale ProjectsInvolvingMultinational Collaborations
Speaker :
Pankaj Shah
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March 26, 2013 | 2Confidential | Copyright L&T IES
Agenda
About L&T - IES
Modularization
Risk Management
MNC Engagement
Challenges, Risks & Mitigation Plans
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March 26, 2013 | 3Confidential | Copyright L&T IES
Preferred Engineering Partnersfor 15 of our Top 20 Global clients
153 Strategic relationships and 12JVs with global leaders
Asias Fabulous 50 Award Forbes 2008
Indias Best Managed
Company BT
Amongst Indias Top 5
companies in theprivate sector
#1 Integrated Engineering Service
Provider ESO Black Book 2008
Asias Leading Engineering
and Construction Company
IT &Technology
Services
HeavyEngineering
Electrical &Electronics
Machinery& Industrial
ProductsConstruction
E&CProjects
LARSEN & TOUBRO LIMITED
US$ 13.7 Billion Engineering & TechnologyConglomerate
Organizing 6 Business Groups
Has been in Business
over Seven (7) decades
About L&T - IES
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March 26, 2013 | 4Confidential | Copyright L&T IES
About L&T - IES
Engineering & ConstructionElectrical &
Electronics
Machinery &
Industrial Products
IT & Engineering
Services
Finance &
HR
Chairman and Managing Director
Heavy Engg.E&C ProjectsConstruction
Buildings and
factories sector
Transportation &
Infrastructure Sector
Hydel & Nuclear
Power Sector
Industrial Projects &
utilities Sector
Hydrocarbons &
power Sector
Power Transmission
& Distribution Sector
Hydrocarbon
sector
Power Sector
Cement & Mineral
Projects
Process plant
equipment
business units
Defense, Nuclear& Aerospace
equipment
Ship-Building
Electrical Standard
Products
Electrical Systems &
Equipment
Medical Equipment
&
Systems
Metering &
Protection systems
Control &
Automation
Petroleum
Dispensing
pumps & Systems
Industrial Machinery
for Paper, Steel, Bulk
Material
Industrial Valves
Rubber Processing
Machinery
Welding
Consumables
Industrial Products
Construction
equipment
Larsen & Toubro
Infotech Limited
- Manufacturing
- Banking & Securities- Insurance
- Communications
- Utilities
Integrated
Engineering Services
(IES)
Mechanical Design
Engg. Solutions
Embedded Systems
& Solutions
Process
Cluster
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March 26, 2013 | 5Confidential | Copyright L&T IES
Sourcing & Costing Engineering
Technical Publication
Engineering Process Outsourcing
Mechanical Engineering Electrical/Electronics Engineering
Engineering Analysis (FEA/CFD)
CAD Automation & Customization
Application Software Development
Software Testing & Test Automation
Manufacturing Engineering
Plant Engineering (Process,
Mechanical, Utility, Packaging,
CSA, PCIS)
Asset Information Management
Construction Engineering
L&T Integrated Engineering Services : a snap shot
Truck & Off HighwayIndustrial Products &
Machines
Aerospace & AutomotiveProcess Vertical CPG,
Chemical, Metal & Minerals,etc.
Consumer Electronics &
Medical Devices
INDUSTRY SEGMENTS
SERVICE OFFERINGS
Product Engineering Process Engineering Other Services
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March 26, 2013 | 6Confidential | Copyright L&T IES
Agenda
About L&T - IES
Modularization
Risk Management
MNC Engagement
Challenges, Risks & Mitigation Plans
7/28/2019 Mitigating Risks for Large-Scale Projects
7/21March 26, 2013 | 7Confidential | Copyright L&T IES
Project Type Implementation When
Off-Shore (Oil & Gas) Mandatory Always
On-Shore (Oil & Gas) Optional Cost Savings
Shorter Schedule
On-Shore (CPG)Preferred
Global Roll Out
Common Engineering Standards
Re-Application Advantage
Time to Market
Large Process Plants Optional
Cost
Quality
Time to Market
Imperatives of Modularization
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8/21March 26, 2013 | 8Confidential | Copyright L&T IES
Agenda
About L&T - IES
Modularization
Risk Management
MNC Engagement
Challenges, Risks & Mitigation Plans
7/28/2019 Mitigating Risks for Large-Scale Projects
9/21March 26, 2013 | 9Confidential | Copyright L&T IES
Risk Management
IdentifyRisks
Evaluate,Categorize, and
PrioritizeRisks
Identify and
Analyze Risks
DevelopRisk
MitigationPlans
ImplementRisk
Mitigation
Plans
Mitigate Risks
Determine
RiskSourcesand
Categories
DefineRiskParameters
Prepare for Risk Management
Establish
a RiskManagement
Strategy
Budget/cost risk
Schedule Risk
Performance Risk
Severity DeterminationNegligible (1) to Catastrophic (4)
Risk ProbabilityFrequent (A) to Almost Impossible (F)
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10/21March 26, 2013 | 10Confidential | Copyright L&T IES
Strategies for Mitigation
Changing or lowering the requirements
while still meeting the users needs
Avoidance
Reduce
M
inimizetherisksby
insur
ance/forwardcoveretc.
Watching & periodically transfer the risk
To stake other holders
Transfer
A
cceptance
Acknowle
dgementofthe
riskbut
not
takinganyactio
n
7/28/2019 Mitigating Risks for Large-Scale Projects
11/21March 26, 2013 | 11Confidential | Copyright L&T IES
Agenda
About L&T - IES
Modularization
Risk Management
MNC Engagement
Challenges, Risks & Mitigation Plans
7/28/2019 Mitigating Risks for Large-Scale Projects
12/21March 26, 2013 | 12Confidential | Copyright L&T IES
TechnologySupplier
Supplier - 3
Supplier - 2
Supplier - 1
EU - 1
EU - 2 EU - 3
EU - 4
SkidManufacturer
Global Roll OutLeader
End Users (EU)
EngineeringService Provider
MNC Engagement Model
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TechnologySupplier
Common Services
EngineeringService Provider
End User (EU)
Supplier - 1
Module 1Fabricator
Supplier - 2
Supplier - 3 Supplier - 1
Module 2Fabricator
Supplier - 2
Supplier - 3 Supplier - 1
Module 3Fabricator
Supplier - 2
Supplier - 3
MNC Engagement Model
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Europe
NA
APAC
ASIA
End UserClient PMC DEC
MNC Engagement Model
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Agenda
About L&T - IES
Modularization
Risk Management
MNC Engagement
Challenges, Risks & Mitigation Plans
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March 26, 2013 | 16Confidential | Copyright L&T IES
Concurrent
Engineering
Large Scale Projects
Involving Multi
National
Collaboration
Project
Management &
Procurement
Schedule & Cost
Control
Expectation
Management
Cultural Shocks/
Building Trust
Effective
Communication
Challenges, Risks & Mitigation Plans
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March 26, 2013 | 17Confidential | Copyright L&T IES
Concurrent Engineering
Potential&Feasibility Study
Job-siteLogistics Survey
Constructability
Studies
ModuleDesign Basis
Plot - Plan&
LayoutEngineering
Micro - LevelEngineeringDetailing
& Documentation
Fabrication
Plan
Module Handling&Shipping Plan
Job-site Erection&Installation PlanCivil &
Structural
Piping
Engineering
EquipmentDesign
Electrical &Instrum.
MODULAR
ENGINEERING
Challenges, Risks & Mitigation Plans
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March 26, 2013 | 18Confidential | Copyright L&T IES
Layout requirements & constraints
Vendor inputs and
constructability Study
Supplier Selection and Ordering
Vendor interface andmodule layout finalization
Early Manufacture and supply
of equipment to Module yard
Installation of equipment in module
Subsequent Module Assembly work
Installation
Typ ica l
P r o c u r e m e n t
C y c l e
Material
Requisition
and Offer Review
OrderPlacement
Supplier
Drawing
Review
Manufacturing
Inspection
DispatchLogistics
Need to finalize equipment specifications and design atearly stage of the project
Impact of equipment design change on module layout andconstructability
Impact of equipment delivery on schedule of moduleassembly, module supply and site installation
Critical Procurement Aspects
Criticality of Procurement in Modularization Projects
Eff ti C i ti A t M lti N ti l
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March 26, 2013 | 19Confidential | Copyright L&T IES
Effective Communication Amongst Multi-NationalCollaborators
Kick-Off
Meeting
PeriodicProject
ProgressMeetings
DCRs, NCRs As-built
Project
Review StageGates
Review at
FabricationStage
Testing Assly.Validation Project Close Out
Detail Engineering
Value-Chain EnhancingServices
LogisticsRe-visit
Engineering postorder placement
Specialized Engineering
Project Execution -Enabling
Weekly update/review meetings
Change management issues
Coordination with plant schedules
Identify plant representatives
Design review process
Design checking process
Communication flow
Conflict resolution
Resource management
Specific construction standards pertaining to a region
Stamp of authentication on construction drawings
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March 26, 2013 | 20Confidential | Copyright L&T IES
Logistics Related
Upto Site
InsidePlant
Route Survey
Selection ofMode ofTransportation
Road
Rail
Sea / InlandWater
Air
Alternativesolutions for
Transportation
Delivery of Equipmentin Single Piece/
Sections
Clubbing ofEquipment
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March 26 2013 | 21Confidential | Copyright L&T IES