Project Studies – Setting it up for Success

Author(s): 
Simon Hanrahan
Date: 
Thursday, December 13, 2012
First presented: 
The AusIMM Bulletin, October 2012
Type: 
Published paper
Category: 
Project Evaluation
 
In the current resources environment, where market factors dictate that a resources company bring a product to market as quickly as possible - the planning and implementation of a project is critically important. At times, the observed experience within the industry of how project pre-implementation studies are carried out demonstrates study execution quality issues. This in turn, reinforces why best practice project study plans can and should be applied.
 
There is an old adage about “setting it up for success”. With the advent of ever more challenging ore bodies and with that, challenging projects, this adage seems more important today. The industry now has to tackle the challenges from an in-ground resource and human resource quality and availability. In addition, projects are being pushed by market forces – market expectations and corporate promises. This means that in particular, the critical front-end work of carrying out efficient project studies is under pressure. This can lead to shortcuts being taken in traditional study programmes, resulting in suboptimal outcomes as well as increased study (and project implementation) costs, often due to repetition of work and the resulting inefficiency.
 

Feature Author

Simon Hanrahan

Simon Hanrahan is a mining engineer with 30 years’ international experience across multiple commodities.  He has been a team member and project leader across the whole resources value chain – option, pre-feasibility and feasibility studies, project construction, project commissioning and mine operations.  Simon’s experience has been gained in South Africa, Australia and the USA in gold, coal, base metals, copper, platinum, industrial minerals, diamonds and iron ore.  During his 10 years with Rio Tinto, Simon worked in major projects involving the development of block cave mines, whilst also gaining experience in operating open pit mines above caving zones.  Since joining SRK in 2010, Simon has worked globally in project management, due diligence and technical reviews for projects and studies involving both surface and underground mining.  Simon has a demonstrated ability to work within and lead multi-disciplinary teams and cultures across all resource types.

Principal Consultant (Mining and Project Evaluation)
BMinTech Hons (Mining), FAusIMM, PR Eng (ECSA)
SRK Perth
SRK North America