Driving Capital Project Outcomes in Heavy Oil
We are in uncharted waters here in Alberta in 2020. For many years a situation of declining investor confidence has had an increasingly negative impact on capital spending, project starts as well as employment levels. Since then we have experienced an unprecedented crisis with COVID that has worsened the situation.
But if the truth is to be told, the forces of change were strong before the pandemic. In fact, we are on the brink of the next industrial revolution (4.0) characterized by an inexorable merger of technologies that is blurring the lines between the physical, digital, and biological worlds. It is forcing companies to reexamine the way they work. Many are joining the race to adapt and innovate their business models.
Moreover, the switch to alternative energy sources to meet emissions targets is an additional challenge (or opportunity) – in particular for the heavy oil industry. Practically speaking, in 2020, for CHOA members this means challenging the assumptions that operating or project delivery models are “fit for purpose” and quickly adapt them to survive and thrive. One response is to invest in alternative project delivery and contracting models that use relationships and collaboration to manage complexity and create value.
In this webinar, a dynamic duo of informed and experienced presenters, will lead an interesting and informative exploration of the nature and benefits of these alternative models. More specifically, the presentation will:
- Consider the challenges facing large capital projects before and during the COVID pandemic;
- Introduce integrated project and collaborative contracting models and show how they differ from traditional approaches;
- Explore the most successful forms of collaborative contracting and where they have been used in the heavy oil industry to speed delivery, improve cost predictability, encourage innovation and increase profits;
At the end of the session, attendees will better understand why they should consider use of these models.
Speaker: Richard Venerus, Venerus Advisory Partners
Speaker: George Jergeas, Former Professor and Director of Project Management, UoC
Our second webinar for this series takes place on November 18 2020. Please click HERE to register for the second webinar.
Richard is the Founder and Principal at Venerus Advisory Partners (“VAP”), a professional advisory (established in 2011) with a goal of helping its private and public sector clients have more productive and profitable business relationships. VAP combines the storied expertise of its partners with the application of a unique, collaborative approach to the management of commercial relationships.
Richard has over 20 years of experience in procurement, contracting and commercial management in a diverse set of industries, including construction. He is a qualified (now recovering) lawyer, certified in Construction Law and holds a MBA from the Schulich School of Business. Richard is professionally trained or certified in a number of related disciplines: Project Management, Change Management, Construction Contract Administration, Adult Learning and Development, Mediation, Arbitration – and the unique ISO standard 44001 for Collaborative Working.
Richard is a national instructor for the Supply Chain Management Association, the de facto standard for SCM training in Canada. Richard is a former Board Member for the Project Management Association of Southern Alberta as well as a lead contributor to the Construction Owners Association of Alberta (COAA) Collaborative Contracting Best Practice.
George was a Professor and Director of Project Management at the University of Calgary, where he was involved in both the teaching of and research into project management since 1994. He is a civil engineer with M.Sc. and Ph.D degrees in Project Management from Loughborough University of Technology in the UK. He has over 40 years of academic and industrial experience. Dr. Jergeas experience in industry and subsequent research has demonstrated a strong interest in improving the efficiency of construction and engineering projects in the infrastructure and oil and gas sectors with emphasis on mega oil sands projects. Dr. Jergeas’ expertise includes reasons for cost overruns, team building, claims preparation and disputes resolution, risk management, productivity improvement, contract administration, contractual arrangements and project assurance.
Dr. Jergeas is also an active project management trainer and coach for both public and private sector organizations. He has provided extensive project management training and consulting to many Canadian and international companies such as Husky Energy, Trans Mountain Pipeline, CNRL, APEGA, EGBC, Paramount Resources, TC Energy, ConocoPhilps, Gibson Energy, Suncor, EnCana, Nexen, Enbridge, Canfor, Imperial Oil, Lloyd Sadd, City of Calgary, City of Edmonton, District of North Vancouver, City of New Westminster, Metro Vancouver, Port of Vancouver, Flint, PennWest, ATCO, AltaLink, Kvaerner (Norway, UK, USA, Kuala Lumpur), CNPC China, EDRC South Korea, Alberta Infrastructure, GNWT, Infrastructure Canada, and US Department of Transportation (Virginia).….
Dr Jergeas has published more than 100 publications in project management in journal articles and conference proceedings. Additionally, he published 3 books and a chapter in another.
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