Concept Symposium 2006 - Principles of Governance for Major Investment Projects

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Norway: A Regime for External Quality Assurance of Major Public Projects
Accountable Megaproject Decision-making
United Kingdom: Experiences of Implementing the OGC Gateway Process for Governance of Large Projects
Excellence and Improvisation in Life and Projects – by Way of Jazz
Predictable and Competitive Investment Processes. Experience from the Private Sector and Norwegian Petroleum Industry
Welcome speech by the Pro-Rector of the Norwegian University of Science and Technology (NTNU)
Canada: Governance of Major Projects – the Case of Quebec
Finland: Governing Major Investment Projects by Result Oriented Budgeting, Reforming Administration and Utilizing Markets Efficiently
Organizational Governance and Project Success: Lessons from Boston’s Big Dig
Improving Quality at Entry – Principles and Procedures
The Governance of Major Projects: Lessons from the Channel Fixed Link
Professional Exchange Sessions
Posters presented at the Poster Session day 2
The Coastal Express and dinner at the Archbishop's Palace
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Predictable and Competitive Investment Processes. Experience from the Private Sector and Norwegian Petroleum Industry.



 

 Liverud, Arne
Managing Director
Naturkraft
Norway
 

Presentation:
Predictable and Competitive Investment Processes. Experience from the Private Sector and Norwegian Petroleum Industry
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Summary of presentation


The presentation covers an overview of typical project portfolio in Hydro, and how the capital value process is applied from business identification through realization. Special focus includes the use of best practices to secure transparency among investment opportunities and how realistic budgets and risk is achieved for the individual project. Use of external benchmarking combined with process-orientation and training of employees adds to the predictability and competitiveness of the investments. Capital allocated for investment use, is your most important resources, as it generates new opportunities or prolongs the life of your existing business.
 

Autobiography


Managing Director for Naturkraft since 2005. The purpose is to build and operate Norway’s first combined cycle powerstation. Other responsibilities include implementation of governance processes across different business units in Hydro and management of major investment projects, national and international. Arne Liverud has worked for Total, Exxon and Petro-Canada in addition to Hydro.

Arne Liverud graduated in mechanical engineering from Heriot-Watt University, Edinburgh 1971.