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Keeping power plant projects on schedule at PV power | |
Author | Nguyen The Anh |
Note | A project submitted in partial fulfilment of the requirements for the degree of Master of Business Administration (Executive) in International Business – Management of Technology, School of Management |
Publisher | Asian Institute of Technology |
Abstract | There is no doubt that how to implement power plant projects on schedule is one of the most difficult questions for all power investors in Vietnam, in general, and PetroVietnam Power Corporation (PV Power), in particular. Our intension here are: (1) to provide overviews of PV Power and its power plant projects, (2) to recognize and analyze problems that PV Power coped with when implementing power plant projects on schedule, (3) to present some recommendations to reduce delay which can be applied for PV Power’s power plant projects in future. In order to archive these objectives, all schedule-related aspects of power plant projects implemented by PV Power are considered. There is also carried out a brief questionnaire survey about frequency of occurrence and severity of causes of project delay for managers at Head Office of PV Power. The twelve causes of project delay are classified into five groups which are owner-related group, contractor-related group, consultant-related group, project-related group, and external factors-related group. The result from questionnaire survey is considered as data for index analysis. The conclusions of the study are: (1) Financial difficulties of owner, financial difficulties of contractor, incompetent subcontractor and incompetent management of contractor are the first four reasons which cause project delay in PV Power, (2) Difficulties in site clearance are also ones of the top causes related to project postponement, (3) The less influential factors to project schedule are ones of consultant-related and external factor-related groups which are inaccurate estimates, mistakes in design, bad weather and obstacles from government, (4) Price fluctuations and unforeseen site conditions are considered the least important to schedules of projects in PV Power. With the hope of reduce delays of projects in PV Power, there are proposed some recommendations about client’s financial and human capacity, contractor selection, location and technology choices for a new power plant project. |
Year | 2012 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Academic Program/FoS | Master of Business Administration (Executive) in International Business - Management of Technology (VN/BKK)) |
Chairperson(s) | Winai Wongsurawat; |
Examination Committee(s) | Huynh Trung Luong;Willi Zimmermann; |
Scholarship Donor(s) | PetroVietnam and the Norwegian Electricity Corporation; |