Euro Log Ltd, Orlando House, 3 High Street, Teddington, Middlesex TW11 8NP tel: +44 20 8977 4407

Euro Log

Euro Log offers over 30 years’ experience in modelling uncertainty, and is at the forefront of simulation research. Our expertise in representing complex situations is unparalleled, leading to credible and reliable results which support decision-making at the highest level. Furthermore, we can test alternative scenarios to help optimise the project and minimise potential delays.and overspends.

Using Euro Log to assess the schedule and cost uncertainty of a megaproject helps to drive and test project decisions as well as providing partners with the confidence they require for continuing investment.

Forewarned is forearmed

Megaprojects

When can we expect first production? This is a key question on any multinational or “megaproject”, as so much depends upon the outcome. However, it is a very difficult question to answer with any degree of confidence.

The schedule and cost of any large programme can be subject to large amounts of uncertainty. Variable factors can include subcontractor performance, political interference, weather, regulatory consents, contract rates and exchange rates.

Furthermore, each partner company may have experience of different risk procedures. Developing and implementing an overall risk process that integrates harmoniously with all stakeholders and can be seen to provide benefit to all is a complex task.

Gaining an understanding of the project uncertainty and its influences is essential in order to provide the confidence in the project that partners and other stakeholders demand, and to make effective decisions that realise a project’s true potential.