Investment Projects Governance & AssuranceGIP/PGA

Who should attend?

  • This course provides a better understanding of industry best practices to structure governance and assurance activities related to material investment (or divestment) energy projects to improve the robustness of business cases, and to improve chances of delivery of the original assumptions. The course focuses on new business development activities up to final investment decision. It includes as well a review of how to structure a learning feedback loop post projects implementation.
Audience :
  • This course is aimed primarily at decision makers with accountability to assess and approve material investment (or divestment) proposals, whether in the private or public sector, investment projects/business opportunity managers, finance/economics managers overseeing investment projects valuation and their staff, and governance and assurance managers and their staff.

Level : Proficiency

Course Content

  • OVERALL INVESTMENT PROJECT OVERSIGHT STRUCTURE

      • Designing project governance: definition of roles and responsibilities.
      • Establishing clear decision gates with adequate risk assessment at each.
      • Defining the typical components of Investment mandates at various phases of a project.
      • Which economic criteria to look at: reminder on economic criteria interpretation and related pitfalls.
      • High-level governance pitfalls:
      • Decision making bias, reward system.
      • Front end loading, handover from project team to operations team.
      • Risk analysis and stakeholder mapping.
  • INVESTMENT PROJECT VALUE ASSURANCE

      • Assurance team composition, when to conduct assurance.
      • Which focus area: i.e. value focused, risked based, adapted to each project phase.
      • Common risk analysis frameworks (e.g. PESTLE).
      • Specific assurance issues related to projects’ economic evaluations.
  • THE DECISION REVIEW BOARD GAME

      • Participants will role play assessment and challenge of a project, being in turn decision review board member or project team leader aiming to convince the decision review board/investment committee.
  • POST INVESTMENT ASSURANCE & LEARNINGS CAPTURE TO FEED INTO FUTURE PROJECTS

      • Investment project lookbacks.
      • Post investment reviews.
      • Tools and considerations about embedding learnings.
  • CASE STUDY & EXERCISES

      • Participants will be asked to work on a case study and exercises along the course in addition to role playing (“Decision Review Board game”).

Learning Objectives

  • Upon completion of the course, participants will be able to:
  • understand the pitfalls attached to material investment (or divestment) projects governance (up to final investment decision), and to structure the governance of these, to ensure better project assessment, decision making, and value delivery,
  • develop and implement assurance processes to enhance chances of value delivery,
  • select from a variety of post investment assurance tools, to embed in their organization a learning feedback loop for future projects.

Ways & Means

  • Case studies, exercises and role playing.