WP1 - Project management
Last updated: 19 December 2016
Lead: CEO Anders Køhler
The key focus of this work package is to ensure the project meets the overall objectives of the two-year project and the main objectives for this work package are:
- Ensure an efficient administrative execution of the project, so that all knowledge created is managed and disseminated in a coordinated and coherent manner, and that all technical activities, financial and legal aspects are managed to a high standard.
- Ensure all aspects of the EC requirements for communication and reporting are fulfilled.
- Overall management of the activities within the project.
- Risk management and definition of contingency planning.
Summary of work performed in WP1
Continuous meetings are held to align process, budget and risk and continuous reporting has been undertaken during the periods.
There are several subcontracting activities conducted as part of this project. The control of the tendering process to ensure maximum value for both FPP and the EU is performed by the management. Several key partnerships with industry specialists has been established and these all progress satisfactorily.
Strict budget control is applied throughout the project and the budget is continuously updated and presented together with progress status at each board meeting. During period 3 a new business plan has been approved by the board and a capital raise has been initiated. The capital raise will be completed during period 4 to support the further development of the project.
A website was launched in period 1 to provide the public with information about the EU project and ongoing progress. During period 3 a new version of the website which supports the business and strategy development was launched. The website integrates with LinkedIn as a direct news feed, it is more visually engaging and the content is focused on the business outcomes of the project.
Management of the project risk and contingency follow up is an important tool. As stated in the application, review on the progress, milestones and objectives has been added to the board meeting gross agenda as the goals of the project and the overall goal of the company are significantly linked. Discussions on board level secure continued updates and focus on the progress towards milestone and objectives.
During period 2 two inter-related risks relating to CfDs emerged along with the uncertainty for the UK renewables market caused by Brexit. During period 3 a new key risk related to tariffs in the UK emerged. Significant efforts are being used on mitigating these risks and together with other stakeholders, FPP is working to get clarification and a positive outcome. The UK branch of FPP, FPP Ltd is a significant asset in this process and provides local leverage. FPP is also considering China and Ireland as non-UK related markets to mitigate the risk further.
Since the start of the project FPP has expanded with 5 employees, 1 PhD student, 1 master student and 1 intern. During period 3 a project manager joined the team to assist with project management, coordination of information and a smooth running of review meetings and project meetings. A new intern also joined and Graham Brown joined the FPP Ltd board.
Since the start of the project a Norwegian branch office to manage the relationship with our Norwegian partner and a UK branch office to support for the capital raise and investment by UK investors have been established. Both offices are up and running satisfactorily.