FORT ST. JOHN, B.C. – BC Hydro announced that an independent review has found that the Site C dam is “clearly defined and well planned”. Ernst & Young LLP and BTY Consultancy Group Inc. was in charge of the review.
The review said:
“Overall, our review finds that the project is well defined and that the processes for managing risks and costs are largely representative of leading practices. Execution of the major work packages are clearly scoped and supported by both a robust set of project management practices and tools, as well as by a team with deep experience on delivering major projects for BC Hydro.”
Ernst & Young LLP and BTY assessed various project practice’s including:
- Cost and schedule forecasting.
- Risk management and mitigation.
These were looked at to determine if the right processes are being used to make sure the project is built on time and on budget.
The other 4 key areas that the review focused on were:
1. Review of contracts (over $50 million) awarded to date.
2. Review of risk management plans, processes and risk registers.
3. Review of cost management plans and processes, with an assessment of overall cost controls.
4. Review of key cost drivers and indicators compared to the estimate baseline.
In the summer, Ernst & Young and BTY apparently looked at over 100 project documents, interviewed senior project employees and went on a site visit.
The report also mentioned that project execution risks do exist, but those risks are being well managed by the project team currently in place.
BC Hydro said there was a list of recommendations that were given to them. They say they have looked over those recommendations and considered them in moving forward. They have created an action plan to work on that list.