ERCB requirements

Planning from vision/concept to approvals requires clear understanding and stewardship of the risks and the mitigation plan. Not all risks occur or mitigation strategies are effective and often risks and/ or strategies arise in a dynamic and changing environment throughout the project. Provide a plan to ensure that risk management is integrated into the project delivery process from the earliest stages of development through to completion and is a key element of our assurance process. Risk Management should be an active and ongoing process throughout all project phases. Effective early assessment and proactive management of uncertainty (both upside opportunities and downside threats) is essential in ensuring a successful project outcome.


Risk management is an essential and integral part of the project delivery process.

The Risk Management Plan (RMP) details the risk management activities that will be undertaken by the Project including the purpose, scope, process, responsibilities and extent of technical risk studies (quantitative studies). A key activity in the RMP is the project risk assessment. The assessment results in a Project Risk Register and Action Plan that identifies and ranks risks, mitigation actions and responsibilities for their implementation. The RMP is either referred to or included in the Project Execution Plan (PEP) as required. There are two types of formal Project Risk Assessments:

- Type 1 is a qualitative risk workshop with only Company attendees. The workshop should include consideration of particular risk factors directly impacting on Company interests and client interface/interaction.

- Type 2 is a qualitative risk workshop that includes Company and external stakeholders (including Clients). This workshop should address total project risks, but would not address issues that are particular to the Company.

References:
 
1. https://portal.talisman-energy.com/dana/home/index.cgi


2. http://cal.ems.worleyparsons.com/documents/EMS;documentNumber=002-002-CQP-053.doc

EAUB / ERCB requirements and Project Management

Energy Resources Conservation Board regulates the energy sector as authorized by various acts of the province of Alberta and the regulations under those acts. These acts and regulations, as well as directives, interim directives, and informational letters, contain the requirements that govern the energy industry under the jurisdiction of the ERCB. [1]


Regulation is a pretty important word to know when it comes to the management of any particular project and or project related activity, as the regulations are absolutely imperative to the project team leader’s acquiescence to predetermined methods that have been imposed. Specifically, requirements refer to any set and specific series of rules and requirements that have been designated and imposed by a particular governmental body. These particular rules and or regulations can serve to provide the establishment of a particular and unique product, a process, and or a series of service characteristics. [2]

These products, processes, and or service characteristics can include any series of applicable administrative designations and or provisions. Typically, any and all particular rules and requirements known as regulations are required to be complied with as per the government set dictation. Most project regulations are laid out at the start of the project. This term is defined in the 3rd and the 4th edition of the PMBOK. Knowing these regulations has significant effect on designing the methods, defining scope and providing accurate estimates. [3]

References:
 
1. http://www.ercb.ca/portal/server.pt?open=512&objID=253&PageID=0&cached=true&mode=22. Brighthub.com


2. http://project-management-knowledge.com/definitions/r/regulation/

3. PMBOK 3rd and 4th edition