A Key Planning Resource<\/span><\/b><\/p>\n Industrial Megaprojects<\/span><\/i><\/b> by Edward W. Merrow<\/b>\u00a0(Merrow, 2011)<\/b><\/b><\/p>\n This post is the fifth in a series of discussions regarding challenges in project planning and management situations.\u00a0 In this series, we focus heavily on program \/ project planning and management<\/b>.\u00a0 This post addresses a major resource that can be highly useful in the planning and initial management of large and complex projects.<\/p>\n This resource is Industrial Megaprojects<\/span><\/i><\/a> by Edward W. Merrow. \u00a0 The subtitle is Concepts, Strategies, and Practices for Success<\/i>.\u00a0 This subtitle is particularly appropriate and compelling.<\/p>\n While the title is focused on \u201cmegaprojects,\u201d the advice and guidance has value and merit in considering the planning and management of large and complex projects.\u00a0 Smaller projects may be better guided by previous Project Professionals discussions.\u00a0 Some of the key discussions are summarized in the previous post, PROJECT PLANNING (Part 4)\u00a0<\/span><\/b><\/b>Summary of Posts<\/span><\/b><\/a>.<\/p>\n As presented on the dust cover of this fine book, \u201cMr. Merrow is the founder and CEO of Independent Project Analysis, Inc. (IPA)<\/b>, the world\u2019s leading consulting firm evaluating billion-dollar megaprojects of national and international oil, chemical, pharmaceutical, and major mineral companies, and benchmarking their cost, schedules, safety, startup, and operational performance.\u201d<\/p>\n While this lofty description can be both impressive and intimidating, the book has a wealth of information regarding project planning and initial execution.<\/p>\n In this book, Mr. Merrow organizes his work into three Parts.<\/p>\n \u00a0 \u00a0Part One<\/b> Understanding the Projects<\/i><\/b><\/p>\n \u00a0 \u00a0Part Two<\/b> Making the Right Business Decisions Before You Commit<\/i><\/b><\/p>\n \u00a0 \u00a0Part Three<\/b> Making the Right Project Decisions<\/i><\/b><\/p>\n <\/p>\n The value relative to Project Planning<\/strong> is in Part Three<\/b> Making the Right Project Decisions<\/i><\/b>.\u00a0 This Part contains seven Chapters and two discussed are noted below:<\/p>\n Chapter 9 Organizing Megaproject Teams<\/span><\/strong> is a crucial planning and management tool.\u00a0 Team formation and alignment are common issues in the success or poor performance of projects.\u00a0 The origins of many of these failures can found in inadequate project planning or inadequate implementation of the Project Execution Plan.<\/p>\n Chapter 11 Contracting<\/span><\/strong> contains some very compelling and important advice.\u00a0 Mr. Merrow\u2019s discussion is organized as follows:<\/p>\n Contracting Approaches \u2013 a discussion of the four basic types of contracting.<\/p>\n The Central Issues in Contracting Strategy \u2013 factors that influence selection of a contracting strategy<\/p>\n What Drives Success and Failure in EPC Lump-Sum Contracting? \u2013 risks associated with using lump-sum (also known as fixed price) contracting \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0for Engineering Procurement and Construction.<\/p>\n Reimbursable Contracts Are for Higher-Risk Projects \u2013 factors regarding the use of reimbursable EPC and EPCm (Engineer, Procure, and Construction Manage) contracts.<\/p>\n Why Megaproject Alliances Fail \u2013 problematic features.<\/p>\n Why Mixed Contracting Succeeds \u2013 discussion of this favored approach<\/p>\n The Use of a Project Managing Contractor (PMC) \u2013 discussion of the reasons for not favoring this approach.<\/p>\n Owners and Contractors Live in Different Worlds \u2013 unique perspectives of owners and contractors regarding risk and other key issues.<\/p>\n <\/p>\n Project planning<\/strong> should include a thoughtful review of Part Three<\/b> Making the Right Project Decisions<\/i><\/b> of Mr. Merrow\u2019s fine work.<\/p>\n Independent Project Analysis<\/strong>, or IPA<\/strong>, information can be found at http:\/\/www.ipaglobal.com\/Home <\/a>.<\/p>\n Professional project management requires a successful project planning process.\u00a0 Lacking that, problems are sure to emerge.\u00a0 This book is a valuable resource for planning of large and complex projects.\u00a0 Happy reading and good luck in your project planning challenges and endeavors…<\/p>\n McLaughlin and McLaughlin<\/b><\/a>\u00a0has provided Project Planning<\/b> services<\/b> for decades.\u00a0 The summary of M&M<\/strong><\/a> project planning services is at the M&M<\/b><\/a> website, mclaughlinandmclaughlin.com<\/b><\/a> and the specific page is project planning<\/strong><\/a>.<\/p>\n It is important to note that McLaughlin and McLaughlin [M&M]<\/b><\/a> is not a law firm and is not intending to provide legal advice.\u00a0 M&M<\/b><\/a> is a consulting firm providing (among other services) non-legal expertise in dispute resolution and litigation support.\u00a0 The Resource Center<\/b><\/a> is for the convenience of blog visitors and M&M<\/b><\/a> does not offer this for commercial purposes.\u00a0 For further information on M&M<\/b><\/a> services, please see<\/i> <\/i>www.McLaughlinandMcLaughlin.com<\/i><\/a>.<\/i><\/p>\n <\/p>\n Merrow, E. W. (2011). Industrial Megaprojects.<\/i> Hoboken: Wiley & Sons, Inc.<\/p>\n <\/p>\n <\/p>\n A Key Planning Resource Industrial Megaprojects by Edward W. Merrow\u00a0(Merrow, 2011) This post is the fifth in a series of discussions regarding challenges in project planning and management situations.\u00a0 In this series, we focus heavily on program \/ project planning and management.\u00a0 This post addresses a major resource that can be highly useful in the […]<\/p>\n","protected":false},"author":2,"featured_media":1376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"yes"},"categories":[49,16,57,8],"tags":[208,225,223,226,127,224,126,81,64,116,13,258,181],"jetpack_featured_media_url":"https:\/\/projectprofessionals.org\/wp-content\/uploads\/2013\/02\/Mega-Projects.jpg","_links":{"self":[{"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/posts\/1370"}],"collection":[{"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/comments?post=1370"}],"version-history":[{"count":11,"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/posts\/1370\/revisions"}],"predecessor-version":[{"id":1382,"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/posts\/1370\/revisions\/1382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/media\/1376"}],"wp:attachment":[{"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/media?parent=1370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/categories?post=1370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectprofessionals.org\/wp-json\/wp\/v2\/tags?post=1370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Works Cited<\/h1>\n