Claim Management in Energy Projects
Component code / course code:
Semester: winter
ECTS credits: 2
Lecture hours per week (SWS):
Lecturer:
Course Language: English
Prerequisites:
Basic knowledge of business administration, the fundamentals of the energy industry, basics project management knowledge.
Qualification objectives:
Students are familiarized via lectures and project team exercises with the contract-specific requirements of international energy projects where contracts link the involved and committed parties and stakeholders in this environment. These projects are highly complex projects with delivery times of several years and with parties from various nations involved. Moreover, such projects are usually won following a highly competitive tendering process. Hence, profit margins are limited while project risks are significant. Variations to the originally planned project scope are normal and often lead to a dispute between contract parties and hence claim requests. Consequently, rigorous project management combined with effective claim management is paramount for a successful and profitable project. The latter applies to customers (utilities, etc.) or equipment manufacturers as well. These standards and contract or project-specific methodological approaches comprise the contractual structuring of the project, the basics to develop, review and execute a contract-specific claim strategy, and means for effective risk monitoring in general. Concrete means like the analysis of the critical path of the schedule are studied in-depth.
Digestion of the content shall be facilitated by resolving typical business problem cases and conflict situations for client, supply, insurance, or third party contracts through team-based role-plays by applying relevant methods for contract and claim management.
Course contents:
- Basics of contract and claim management
- Organizational and operational integration of claim management into project delivery process
- Special methods for claim management on international energy projects
- Process-based claim management on international energy projects across different project phases
Teaching format (e.g. online/in person lecture/Seminar/Lab etc.): In person lecture
Examination type: Portfolio examination
