"Pessimism is the summary of emotions that comes from denying opportunity due to overwhelming fear" Technological advances equip us now more than ever to deal with isolation. Video conferencing, face time, instant messengers and team work applications allow seamless virtual integration. 30 years ago it was unheard of to do business with someone you were unable to meet. Today a generation apart from old mentorship many have conducted hundreds of transactions without meeting a
Public Private Partnership (P3) Project Management involves organizing a massive amount of resources. The resources include everything from time, costs, materials, stakeholders and (most important) people. In today's society Americans are increasingly independent. Americans think for themselves, focus on their internal desires and express themselves from an introverted prospective. How do you get the most out of people who tend to think for themselves? INDEPENDENCE VS. COLLEC
All projects begin with planning. All good plans include schedules. Scheduling sets firm milestones, objectives and clear paths. Precursors to each milestone come with a set of requirements. Each requirement can be composed into tasks. The race to complete a marathon starts with one step. In order to know where you are going you have to chart a path. The path you chart needs to be one that you can cross. Being unprepared for your journey can be perilous. Wise people plan thei
Public Private Partnership (P3) begins with fundamental analysis of economies. The ability to grasp opportunity depends on approach indicative of market sentiment. The first step in navigating P3 approach is defining market. Market begins with an analysis of Gross Domestic Product (GDP). A market that is in growth, stagnation or constriction will determine a large part of a P3 Manager's financing approach. Key players tend to remain almost the same. The analysis conducted b
Approaching a project begins with conceptual planning. In a project life cycle five phases exist. The first phase is Initiation - a phase in which brainstorming, concepts of scope and feasibility of activities occur. The second phase is Planning - a phase where conceptual ideas come together to form concise scope with targeted milestones. The third phase is Execution - a phase where planning documents (such as project charter, quality control plan, Gannt chart, et cetera) im
Sovereign Guarantees are broken into two types of guarantees. The first type of sovereign guarantee is a Project Based Guarantee. The second type of sovereign guarantee is a Policy Based Guarantee. Project-based Guarantees Project-based Guarantees are applied in the context of specific investment projects. These guarantees are created when governments wish to attract private investment (equity and/or debt). The function of a guarantee is to provide risk mitigation. Often thes
Start up Public Private Partnership (P3) typically starts with credible professionals who seek opportunity. Often competent professionals find bid opportunities. During a career it is natural to seek your next challenge. Locating the challenge may be the simple part of your career. Often liquidity providers are not plugged in to local governments. An institutional bank's business is not engineering. Bankers are not lobbyist. Financial arms do not create policy to improve a ho
Approaching a Public Private Partnership (P3) starts with analysis of your market. Typically investment grade markets attract low interest, high demand project bids. The ability to thrive in competitive business environment typically tracks funding. Projects without capital lay dormant, create liability and place strain on public works. International developing markets often market tax concessions, permitting, legislative support and proper off-take structuring. These same ma
Advanced project management starts with mastery of theory. Theory begins with approaches that apply to every day project activity. There are a total of thirteen (13) knowledge areas in Project Management. The thirteen (13) Knowledge Areas are: 1) Project Definition, 2) Project Life Cycle, 3) Project Management Processes, 4) Project Integration Management, 5) Project Scope, 6) Project Time Management, 7) Project Cost Management, 8) Project Quality Management, 9) Project Human
In order to establish a working relationship a contract must exist. A contract defines the terms, conditions, consideration and covenants in a commercial transaction. In respects to project management the contract you select is important. Discovering the proper framework with a public private partnership (P3) is essential. The question remains, "What types of contracts should a contractor use?" Chart 1.1 demonstrates a basic framework of each format A Build-Operate-Transfer
What's the difference between a normal project and a government project? How do you determine what to select? What's the most important factor to consider. Before we jump into the considerations we need to focus on fundamentals. Let's talk about three types. 1) Build Operate Own (B.O.O.) In a BOO project ownership of the project remains usually with the project company for example a mobile phone network. Therefore, the private company gets the benefits of any residual value o