On October 20, the Forum titled "Management of large EPC Projects: From concept to implementation" took place in Astana city. The event featured the participation of Yernar Zhanadil, the General Director of “Qazaq Green Power” PLC, and Ansar Aidarov, the Chief Investment Director of “Samruk-Energy” JSC. Ansar Aidarov delivered a presentation on the theme "Crucial aspects in project management."
A key point highlighted by Ansar Aidarov revolved around the evaluation and handling of uncertainty within projects. He stressed that uncertainty is an inherent element in projects and can be attributed to various factors, including technical variables, economic fluctuations, and external influences. To effectively manage uncertainty, it is vital to conduct risk analysis and formulate strategies and plans for risk mitigation. Regular monitoring and risk assessment play pivotal roles in project management.
The presentation also placed significant emphasis on the subject of change management. The speaker underscored the importance of having well-defined processes for documenting, evaluating, approving, and executing changes. Proficient change management helps prevent disruptions to the project schedule and budget, which are critical for successful project completion.
Managing conflicts of interest was another vital aspect of the discussion. In large EPC projects, conflicts of interest frequently arise among different parties, including the client, contractors, and suppliers. Ansar Aidarov advocated for transparent communication, honest conflict resolution, and the amicable settlement of disagreements. Understanding and integrating diverse interests and perspectives are essential for crafting coherent solutions.
In conclusion, Ansar Aidarov stressed that effectively managing uncertainty, change, and conflicts of interest constitutes integral facets of overseeing substantial EPC projects. Successfully addressing these challenges demands thorough preparation, transparency, and adaptability.
The "Managing large EPC projects: from concept to implementation" forum offered valuable insights and practical guidance for achieving success in project management.