Developing a Risk Assessment Tool to Evaluate and Manage Project Risk

clock March 6, 2012 13:10 by author Bulletin Board
How do busy Technical Project Officers manage the risk associated with their portfolio of projects? Successful risk management can ensure that a project that achieves its goals on time and within budget by enabling DOE and grant recipients to identify and address issues before they turn into problems.

One EERE program has developed a risk assessment tool that measures and evaluates the risk associated with a range of projects in a systematic way. Using a series of financial and technical performance indicators, it has developed a tool that forms an evidentiary base for the systematic assignment of risk (classified as low, medium, or high). While the particular metrics used are designed specifically for this program, this tool has wider applicability to other programs. [More]

Recipient’s Facebook Project Page Helping to Inform and Update the Public

clock February 13, 2012 16:32 by author Bulletin Board
Mention Facebook, Twitter, or other social media websites and most people will assume these are online ways of staying in touch with friends and family or getting updates on the latest celebrity gossip. But many EERE Recipients use Facebook as a communications tool to improve transparency by enhancing public awareness of projects in real time. One particular Recipient is using a Facebook account to give a general overview of the project and to provide updates on progress towards meeting project goals. [More]

Getting a Head Start on NEPA

clock January 23, 2012 15:44 by author Bulletin Board
Best Practice: The Department of Energy can expedite National Environmental Policy Act (NEPA) review when the entity applying for federal funding provides accurate environmental information early in the funding process, and plans its project(s) carefully. Early and accurate environmental information not only helps DOE in determining and efficiently preparing the appropriate level of NEPA review, but also helps with technology selection and most appropriate project location. [More]

Recipient Risk Management Tool Helps DOE Track Project Potential Problem Areas

clock December 23, 2011 13:14 by author Bulletin Board
A cornerstone of effective project management is the identification, assessment, mitigation planning and tracking of project risk. With the aim of continually improving project management and oversight, EERE mines best practices and lessons learned to incorporate it into its knowledge base and enhance practices and procedures. Mindful of managing the risk associated with the activities it funds, EERE examines risk at the programmatic and project-level. [More]

What’s the difference between an EERE financial assistance award and a contract?

clock November 10, 2011 15:13 by author Bulletin Board
Contracts and financial assistance awards help EERE to fulfill its mission of investing in clean energy technologies that strengthen the economy, protect the environment, and reduce dependence on foreign oil. Contracts and financial assistance awards are mechanisms that EERE can use to fund projects, among other purposes. But, while they both connect EERE with other organizations- whether those are private companies, universities, nonprofit organizations, or state and local governments- contracts and financial assistance awards are governed by different rules and have different functions. [More]

EERE Responds to Uncertainty in Research Projects to Support Promising New Technology

clock October 28, 2011 17:01 by author Bulletin Board
Research and development has always carried some level of risk. Advanced technology projects involve significant unknowns, and may need to resolve complex scientific questions before a new technology can be brought to market. Recognizing this, EERE regularly evaluates the financial assistance projects in its portfolio and uses a variety of techniques to identify and respond to sources of risk. Sometimes this even means pulling the plug on research that begins to reveal less favorable results, in favor of those projects that can deliver better results faster. [More]

Working together to Fuel a Regional Economy

clock October 14, 2011 16:46 by author Bulletin Board
Project management staff are often pleased to identify high-quality outcomes of financial assistance projects, and work to share those outcomes with others who may be able to benefit quickly from them. In this way, EERE works to maximize the public benefit realized by its investments in emerging technologies.

In the case of one Recipient, a nonprofit economic development organization working to promote hydrogen and fuel cell technologies in early market applications, project results were leveraged across other states in the region. EERE staff observed that the Recipient had been particularly effective in its work on an education subprogram, and had taken a novel technology approach: the Recipient focused on increasing the deployment of early market stationary fuel cells. [More]

Keeping EERE and the Community in the Loop

clock September 30, 2011 16:37 by author Bulletin Board
Successful projects rely on clear, proactive communication to ensure that everyone involved understands how the project is progressing. This ensures that stakeholders understand risks and benefits and have the information they need to make decisions. For one university engaged in a Recovery Act-funded wind power project, this includes active communication within the project team as well as communication with the public through education and outreach. [More]

Shedding Light on Project Management at an Advanced Lighting Manufacturer

clock September 25, 2011 10:32 by author Bulletin Board
The Recovery Act seeks to invest in the US economy and build jobs for US workers. Progressing from investment to return requires projects that employ good project management methods and good communication among stakeholders. For one Recipient of a financial assistance award from the Office of EERE, a manufacturer of advanced lighting technology, good project management means linkages between the project’s scope, schedule, and budget. [More]

An Ounce of Prevention: How One EERE Recipient Guards Against Overruns

clock September 18, 2011 10:59 by author Bulletin Board
Poorly coordinated design and construction can result in engineering projects that quickly get off schedule and run up unexpected costs. In some cases, these delays and added costs result from rework, as phases designed later in the project require changes to earlier phases that have already begun construction. For one Office of EERE financial assistance Recipient, a private electric company working to add generating capacity to a hydroelectric dam, extra upfront planning is expected to prevent later overruns. [More]