Overview | Graham Olver
partnership with a committed Eastern Cape Provincial Treasury. WYG also developed innovative systems and tools for the provision of policies, procedures and operating practices and designed and delivered extensive training programmes across the province. The programme’s success was ensured through the design, development and implementation of a detailed communication strategy targeting stakeholders in the region. Firstly, WYG stationed advisors strategically so they could support key institutional partners in refocusing their interpretation of mandates and help them
development and procurement processes becomes in itself an investment in the project and the relationship with the project sponsors.
Feasibilty study: Bringing it all
together The feasibility study takes it to the next level. The team works to consider all the options – planning issues, land acquisition or rights, capital costs of construction, risks, financing, inflation, affordability and the right structure – public, private or PPP ownership or rental of solution. Project and programme management becomes critical to deliver a sustainable project with a balanced risk/reward profile for each of the participants. History teaches us that good quality experienced professionals providing technical, financial and legal advice is best organised and delivered through programme management. Such advice and programme management expertise is needed
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to facilitate their role and investment in local economic development. Secondly, we assisted the provincial government in designing conceptual frameworks and tools to enable the desired integration. WYG also helped the province establish and train district support teams, the first of their kind in South Africa. We also worked with grant applicants to strengthen their proposals, established an applications quality-control system and deployed short-term experts to assist projects identified as having the potential to deliver programme objectives innovatively.
throughout the project life-cycle as trade-offs during negotiations will be framed by the political, legal and economic context, and in the long term we have all learned that unbalanced risk and reward allocation create instability and project stress. The number of participants on the journey will have grown. There is a Client and Sponsor with a vision, a client team of specialists (in-house and/or consultants), a pre-feasibility study with an owner, an outline cost plan – each element having a potential stakeholder, a budget, an outline project plan and a sense of the balance of risk and opportunity.
Engagement with the supply chain
and specialist SMEs Engagement with the supply chain, including niche specialists can produce valuable results that can optimise the final project outcome and certainly whole life costs of operation and useablity of an asset or sustainable delivery of a programme. The importance of
the ability to use multidisciplinary skills of masterplanning, integrated transport solutions, ecologists and environmental expertise, economist and business specialists able to understand the specific local circumstances. At the same time it would not be unusual to start to have soundings with leading industry players – particularly if they helped bring the idea to the Sponsor in the first place. Once a full feasibility study has been conducted, comprising all the data necessary for an investment decision – commercial, technical, financial, economic, environmental, social, political, legal and industrial - the business case is established.
Procurement strategy: Right choice for project to deliver
impact and outcome The project objectives are then defined, the outcome impacts analysed and the budget outlines drawn up. A procurement strategy is recommended as a result
ISSUE 01 | GLOBAL OPPORTUNITY 2014 27
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