Project Recovery

Turnaround Specialists for Distressed Projects


"If you think it's expensive to hire a professional to do the job - wait until you hire an amateur" 
– Red Adair


 

The call for Genco's specialist project recovery team refers to projects that have descended into critical cost and / or schedule difficulty. Our project recovery specialists are demanded internationally, more often by referred clients only.

Distressed projects culminating in the need for a specialist recovery plan execution involve those which become increasingly being behind schedule or over budget, more often both. 

Often misinterpreted, project recovery is not simply a muster of superior technical knowledge. It is the rapid implementation and execution of a recovery plan involving the highest levels of commercial, industry, site management and man management experience who can bring some commercial focus and discipline back into the equation, the objective being to get the project actually completed - on budget, to schedule.

References to previous project recoveries are available on request, subject to client confidentiality protocols.


Project recovery normally involves corrective action with these elements:

  • Initial site setup and protocols
  • Project schedule expectations
  • Project or site management by remote control
  • Tender / contract evaluation
  • Fixed price / hard dollar delivery
  • Project budgeting, planning and scheduling
  • Project reporting, both schedule and financial
  • Site leadership and man management
  • Contracts management  
  • Lines of delegated authority and communication
  • Commercial focus with key engineering decisions
  • Cost control management and financial reporting
  • Design scope creep with respect to original budgets
  • VO’s / EOT management