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MNP Energy & Utilities - Portfolio Management & Project Execution

September 10, 2019

MNP Energy & Utilities - Portfolio Management & Project Execution

Synopsis
4 Minute Read

Manage Safety, Quality, Risk, Scope, Schedule, Cost

Ensure your planned projects align with your organization’s strategic objectives and are executed in an effective and efficient manner through proficient portfolio management.

33% of projects fail because of a lack of involvement from senior management. (Source: University of Ottawa)

80% of project management executives do not know how their projects align with their company’s business strategy. (Source: Changepoint)

High-performing organizations successfully complete 89% of their projects, while low performers complete only 36%. (Source: PMI.org)

Utilities can no longer just focus on the processes, people and risks associated with singular projects to achieve success; a more holistic, complete view is required. Portfolio management helps standardize project management practices across large project volumes, enabling you to optimize execution and meet scope, schedule and cost requirements. Whether a single complex project or a multi-project portfolio, portfolio management and project execution will help you meet regulatory requirements with confidence while closely monitoring return on invested capital.

A Comprehensive Program

Effective portfolio management provides your organization’s leadership with project management and reporting that outlines the requirements and performance of all projects at a given point of time. By developing a comprehensive portfolio management program, energy and utility organizations can:

  • Better align projects and programs to the organization’s strategic goals and objectives
  • Minimize the impact of individual asset and project risks on the organization’s risk exposure
  • Realize cost-efficiencies and better manage project constraints

This approach enables the most optimal utilization of capital and resources by managing project portfolio risks, streamlining project decision-making and improving collaboration.

  • Optimize project resource requirements
  • Meet scope requirements on schedule and on budget
  • Successfully face market and regulatory pressures
  • Reduce duplication and costs
  • Earn a fair rate of return on invested capital

THE MNP APPROACH

By standardizing project delivery across their projects, energy and utilities organizations can ensure repeatable and scalable results and better managed risk. Our Energy and Utilities team will help you develop the tools, processes, project delivery model and governance framework your organization requires to efficiently manage projects.

We start by evaluating your critical assets, business processes, current controls, oversight and reporting requirements and risk mitigation strategies. A capital portfolio management strategy and standard operating practices are then developed to share knowledge and efficiently allocate resources, using your risk assessment as a guide.

Portfolio Management and Project Execution ser-include developing:

  • Transformation and Implementation of Improvements
  • Project Management Office (PMO)
  • Project Delivery Model Optimization
  • Stage Gate Processes
  • Planning
  • Scope
  • Scheduling
  • Estimating
  • Risk Assessment
  • Project Controls / Cost Controls / Change
  • Reporting

WHY MNP

MNP’s Energy and Utilities team brings a unique perspective of full lifecycle knowledge gained through extensive engagements with energy and utility corporations across Canada and the U.S. developing their portfolio and project management strategies. As well, we collaborate with MNP’s nation-wide pool of team members across multiple sectors and service lines, bringing different perspectives, leading-edge skills and innovative solutions to you.

Client relationships and service excellence are the foundation of MNP’s business. Our long-term relationships as trusted advisors to senior executives and board members in a broad range of sectors attest to our track record that we deliver what we promise.

ABOUT MNP

MNP is a leading national accounting, tax and business consulting firm in Canada. We proudly serve and respond to the needs of our energy and utilities clients by investing our time and resources into fully understanding these dynamic and complex industries. Through partner-led engagements, we provide a collaborative, cost-effective approach to doing business and personalized strategies to help organizations succeed across the country and around the world.

Contact:

Jason Hails - Partner, Consulting Leader - Energy and Utilities

T: 416.263.6920

M: 416.209.2228

E: [email protected]

Gord Chalk - Partner, Consulting Leader – Energy and Utilities

T: 403.648.4123

M: 403.471.8500

M: 403.471.8500 E: [email protected]

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