Organization is not experienced / financially robust enough for the challenge
Includes the experience of the organization to undertake its role, the financial capacity to undertake the projects and to endure financial shock that may arise during the project implementation and the human resource capacity to undertake, manage and operate the projects; include also the capacity of the investors
Informations
- Category: Risks due to internal deficiencies
- Id: C-8
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Phases:
- Drilling / Testing
- Exploitation / Development
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Consequences:
- Economic / Performance / Acceptability
Mitigation
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Prevention:
- Use of joint venture partnership
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Corrective measures:
- Contractor/investor shall hire additional proper external experts (domestic, foreign)
More information is available on the project deliverable (link), or navigate on the online version.
