Managing Risk Proactively in the Feasibility Study

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Posted: 03/01/2011

Managing Risk Proactively in the Feasibility Study

A Definitive Feasibility study is essential in determining the potential profitability and productivity of a Mining Project. However, stringent legislation, time restrictions, a shortage of skilled technical staff along with no guarantee of financial approval, makes conducting a feasibility study difficult.

Peter Lello Gallasi gave this highly rated industry presentation at the 2010 Mining Feasibility Conference that IQPC host annually.

Peter focused on the practical risk management and assessment of specific feasibility study for the Tenke Fungurume Project in the Democratic Republic of Congo.

Specifically, Peter broke down the components of his presentation into these key lessons:

  • Assessing Risk of the Project
  • Implementing Risk Management
  • Achieving Balance: Tactical Risk Management vs. Strategic Risk Management
  • Cost Estimate Accuracy and Contingency Assignment
  • Protecting Project Objectives: Controlling Scope
  • Value Improvement Process: Tracking Value Improvements

If you have specific responsibility for Feasibility Studies or are currently going through the process - then you might also find the information available here of interest.

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By:
Posted: 03/01/2011