For its article “Effectively delivering energy capital projects,” FierceEnergy spoke with Akin Gump energy partner Gabriel Procaccini on managing the many components of a complex capital project.
Procaccini said, “The companies that do it well get their legal advisors, their technical team and financial advisors together as early in the process as possible, so those groups can get up to speed, so everyone's on the same page.”
The article notes a report from Accenture that ranks insufficient detail during planning on a par with new regulatory requirements among the reasons project schedules change, something that Procaccini said is to be expected: “The parties can't anticipate all the hurdles from day one. As everyone starts to focus on the project, new issues will arise that no one anticipated.”
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