For over 50 years Technip has demonstrated its ability to successfully manage industrial projects of all types and sizes, in all parts of the world.
Our project management experience covers all types of services and contracts, ranging from project management consultancy services to lumpsum turnkey contracts as well as all types of contractual relationships.
Project management the Technip way
Key to Technip’s successful track record is our approach to project management, which comes into play even before the contract has been won, during the bidding phase.
- Technip is very selective in the projects it bids for. Each project is evaluated and selected on its own merits and no market share or asset utilization target supercedes this rule.
- Once a project has been awarded, the Project Director has full authority and is the single point of accountability during all phases of the project.
- Projects are monitored closely by Senior Management through monthly project reviews.
Project Risk Management
Technip, as a major player in large size project implementation has developed a complete and comprehensive expertise in project risk management. This expertise is part of a the added-value service that Technip provides to its Clients for all types of contracts, irrespective of its size.
Technip’s risk management process encompasses all phases of the project lifecycle i.e. it starts during pre-bid reviews of the invitation to bid (ITB) and ends only when all the contractual obligations have been fulfilled. Throughout these phases (bid preparation and project execution), all aspects such as commercial strategy, financial assets, contractual, technical, safety, environment are evaluated with respect to uncertainties or risks for the Project, Client and Technip.
Risk management requires total project team involvement and it is essential that all key members of the project team understand the project baseline, the risks anticipated as well as planned mitigation measures. Technip’s Project Management teams are well aware and versed in this requirement and are actively involved.