Opportunity Classification & Assurance Tool - FAQ page
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Frequently Asked Questions rev 10 August 24, 2011
PTE/V
Why Risk Based Assurance Risk Based Assurance has been developed as away to ensure that the assurance level fora project is ‘Fit-for-Purpose’. A basic premise has been that the assurance is not only linked to the investment but to the risks over the complete TECOP range. This can in result in a lower level of assurance fora larger straightforward project while a smaller project with higher risks will be subject to more assurance activities.
For who is Risk Based Assurance applicable Although the methodology has primarily been developed for projects over 100 MUSD , the methodology is very well scalable and can be used for smaller projects. For DS it is expected that
RBA will be applied for projects over 20 MUSD (to be confirmed.
What is the status of the Opportunity Classification & Assurance Tool The Opportunity Classification & Assurance Tool is part of PS and PG. The tool is completed for Upstream and Commercial opportunities. The tool is also prepared for DS but is not rolled out yet and in DS the current calculator should be used.
How is the risk balanced between the different TECOP elements To have more focus on ECOP these elements carry more weight than the Technical) elements.
Opportunity Classification & Assurance Tool - FAQ page
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What is the difference in the execution model between Shell Operated ventures, Not Shell Governed JV’s and NOV’s. The two flowcharts below show the difference in the decision tree for Shell Operated Ventures and NSGJV/NOV’s.
Shell Operated NSGJV / NOV
What is the definition of Self, Focussed and Premium Assurance Self
Assurance, Focussed Assurance and Premium Assurance are assurance models with an increasing level of assurance. Premium Assurance
• For large headline size opportunity with high Risk Exposure & Uncertainty, e.g.
Novel Technology, Project Execution, Environment
• Self Assurance (DCAF, Project QA/QC) plus external opportunity
assurance across the full TECOP spectrum
• Derogation of expected VAR, ESAR, PER reviews is required with EVP sign-off.
