Project Health Check for Energy Projects

“Identify risks early – Prevent project distress – Protect investment value”

“Prevent issues before they surface. Correct deviations before disorder emerges.”
— I Ching Philosophy

Why Energy Projects Need a Health Check

Energy projects — including coal-fired power, gas/LNG, renewable energy, and nuclear power — are among the largest, most complex, and highest-risk investments in the infrastructure sector.

Experience shows that projects rarely fail overnight.
Instead, risks accumulate silently over time before escalating into major crises such as:

  • Chronic schedule delays
  • Cost overruns beyond approved budgets
  • Technical and operational underperformance
  • EPC and PPA contractual disputes
  • Loss of lender and stakeholder confidence

Even minor weaknesses in schedule control, cost management, quality assurance, or compliance can trigger severe downstream consequences.

👉 A Project Health Check provides decision-makers with:

  • Early visibility of underlying issues
  • Objective, data-driven insights
  • The ability to intervene before risks become irreversible

Who Is This Service For?

This service is purpose-built for energy-sector projects, including:

🔌 Thermal Power

Coal · Gas · LNG

🌱 Renewable Energy

Wind · Solar · Hydropower

🛢️ Oil & Gas Facilities

Gas processing plants · Storage terminals · Supporting infrastructure

Most valuable when:

  • The project is in construction or advanced execution stages
  • Early warning signs of delay, cost escalation, or disputes appear
  • Lenders or financiers require independent project assessment
  • Owners need an objective basis for strategic decision-making

This is not a compliance audit — it is a management tool for action.

Key Value Delivered to Owners and Investors

✅ Early detection of project risks
✅ Independent, fact-based project assessment
✅ Identification of root causes — not just symptoms
✅ Clarification of responsibilities among Owner, PMC, and EPC
✅ Reduced likelihood of claims and disputes
✅ Strengthened lender and stakeholder confidence
✅ Structured lessons learned for future projects

A Comprehensive Assessment Framework

Built on 5 Critical Pillars

Our Project Health Check is structured around five core governance pillars, tailored specifically for energy projects:

1️⃣ Ethics, Governance & Compliance

  • ESG alignment
  • Regulatory approvals and permits
  • Transparency in procurement and contracting
  • Compliance with EPC, PPA, and financing agreements

2️⃣ Project Management Culture & Systems

  • Owner–PMC–EPC coordination
  • Change management and control
  • Reporting, escalation, and early-warning systems
  • Document and interface management

3️⃣ Execution Capability

  • Suitability of project management approach
  • Competency of project teams and contractors
  • Integrated project delivery
  • Stakeholder management effectiveness

4️⃣ Risk Management & Planning Realism

  • Realistic project objectives by phase
  • Adaptive and resilient execution planning
  • Lifecycle risk management
  • Contingency strategies for EPC delays or disruptions

5️⃣ Adaptability & Organizational Learning

  • Strategic response to regulatory and policy changes
  • Benchmarking against comparable projects
  • Digital tools and data utilization
  • Continuous improvement and learning culture

KPI-Driven, Data-Based Assessment

Our evaluation is grounded in internationally recognized project performance indicators, adapted for energy-sector realities:

  • Schedule & Cost Control: SPI, CPI, EAC, SV, % completion
  • Engineering & Procurement: design maturity, vendor readiness, fabrication status
  • Construction & Quality: NCR trends, punch lists, compliance levels

Each KPI includes:

  • Target benchmarks
  • Warning thresholds
  • Trend analysis

👉 The assessment not only reflects current status, but also projects likely outcomes over the next 3–6 months if no corrective actions are taken.

Early Warning Signs of Project Distress

Common red flags identified during health checks include:

  • Actual disbursement lagging behind plan
  • Significant deviation between planned and actual S-curves
  • Unrealistic milestone commitments
  • Forecast cost exceeding approved budget
  • Frequent scope changes
  • Increasing NCR volumes without effective closure
  • Deteriorating relationships among key parties
  • Inadequate or misaligned project resources

Transparent & Structured Delivery Process

The service is delivered through a six-step standardized approach:

  1. Project kick-off and scope definition
  2. Data collection and documentation review
  3. In-depth analysis (EVM, S-curves, risk reviews, interviews)
  4. Health Check report and recommendations
  5. Alignment workshops with Owner and project leadership
  6. Optional support for corrective action tracking

Key Deliverables

✔ Comprehensive Project Health Check Report
✔ Updated Project Risk Register
✔ Clear, actionable corrective action plan (who / what / when)
✔ Executive summary (1–2 pages) for senior management

Why PM Solutions Vietnam?

  • Proven experience in large-scale energy projects
  • Deep understanding of international EPC contracts (FIDIC Silver Book)
  • Independent, conflict-free advisory approach
  • Practical recommendations focused on execution
  • International perspective through collaboration with ICCPM Australia

What Is the True Health of Your Energy Project?

🎯 Complimentary initial consultation
Gain early insight into whether your project would benefit from a Health Check — before risks escalate into crises.

PM Solutions Vietnam LLC
🌐 www.pmsolutions.vn