Speculative spending a plus for meeting project schedules

Risk sometimes includes building on spec to meet tight project schedules. R.C. Wiebes of Heerema Zwinjndrecht BV told participants of the Deep Offshore Technology conference in New Orleans, Louisiana, "You cannot start soon enough with planning activities."

Risk sometimes includes building on spec to meet tight project schedules. R.C. Wiebes of Heerema Zwinjndrecht BV told participants of the Deep Offshore Technology conference in New Orleans, Louisiana, "You cannot start soon enough with planning activities."

Wiebes used the example of Heerema's recent success with the Kizomba A project offshore Angola. The project took 28 months to complete, with only one month between installation and handover. Wiebes credited a large part of the project's success to Heerema's taking the initiative to begin vessel refurbishment before contract award.

According to Weibes, the refurbished vessel could have been used in a number of potential projects. The Kizomba award was a matter of good timing and a competitive bid. Once the award was made, the company could begin coordinating fabrication, integration, and installation.

Heerema also spent a lot of time on scenario planning and contingency plans. Planning allowed the company to be aware of issues that could hold up the schedule and to resolve them before they negatively impacted the project, Wiebes said. An integrated team also helped to keep the project on schedule.

11/30/04

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