ENERGY PROJECT MANAGEMENT SYSTEM: BENEFITS, PRINCIPLES AND RISKS

Kateryna Y. DEDELYUK

Abstract


The essence of an effective energy project management system was described, as well as the main benefits of its implementation at the company level were characterized. Such outcomes as possible savings unlocking, improving risk management, reliability and productivity, reputational issues described as key results from the realization of an energy project management system. Among the main principles according to which an effective energy project management should be implemented the fallowing aspects were discussed: leadership and responsibility, energy policy and energy performance, communication, and continuity of energy policy. The conclusions about the main risks that may occur during implementation of an effective energy project management system were also systematized in this article.

Keywords


energy project; management system; benefits; improvement; principle; energy efficiency

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References


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GOST Style Citations


1. Henrie M. (2008). Renewable Energy Projects: Project Management Opportunities, Challenges, and Risks. asapm.org. Retrieved from http://www.asapm.org/articles/Renewables10-2008.pdf.

2. The strategic case for energy management [Establishing an energy management system]. eex.gov.au. Retrieved from http://eex.gov.au/energy-management/establishing-an-energy-management-system/.

3. The Energy Efficiency Exchange website. eex.gov.au. Retrieved from http://eex.gov.au/energy-management/the-strategic-case-for-energy-efficiency/.

4. Wu Y., Li J., Wang J., & Huang Y. (2012). Project portfolio management applied to building energy projects management system [Renewable and Sustainable Energy Reviews]. sciencedirect.com. Retrieved from http://www.sciencedirect.com/science/article/pii/S1364032111004473.

5. Kleindorfer, P. R (2011). Risk management for energy efficiency projects in developing countries. unido.org. Retrieved from http://www.unido.org//fileadmin/user_media/Publications/Research_and_statistics/Branch_publications/Research_and_Policy/Files/Working_Papers/2011/WP062011%20Risk%20Management%20for%20Energy%20Efficiency%20Projects%20in%20Developing%20Countries.pdf.

6. Financial Risk Management Instruments for Renewable Energy Projects [United Nations Environment Programme Division of Technology, Industry and Economics]. unep.org. Retrieved from http://www.unep.org/pdf/75_Risk_Management_Study.pdf.

7. Karp J, Wrathall J., & Gerard M. (2015). Managing the Risks of Renewable Energy Projects in Developing Countries. renewableenergyworld.com. Retrieved from http://www.renewableenergyworld.com/articles/2015/05/managing-the-risks-of-renewable-energy-projects-in-developing-countries.html.




DOI: https://doi.org/10.20998/2413-3000.2016.1173.10

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