2. The Limits of Established PRM: The Circored Project

  1. Christoph H. Loch,
  2. Arnoud De Meyer and
  3. Michael T. Pich

Published Online: 5 DEC 2007

DOI: 10.1002/9780470172377.ch2

Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects

Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects

How to Cite

Loch, C. H., De Meyer, A. and Pich, M. T. (2006) The Limits of Established PRM: The Circored Project, in Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470172377.ch2

Publication History

  1. Published Online: 5 DEC 2007
  2. Published Print: 24 FEB 2006

ISBN Information

Print ISBN: 9780471693055

Online ISBN: 9780470172377

Keywords:

  • blast-furnace-based steel making;
  • direct reduced iron (DRI);
  • circulating fluidized bed (CFB);
  • hot briquetted iron (HBI);
  • cost-plus-fee contractors

Summary

This chapter contains sections titled:

  • Early Design of the Circored Technology

  • Joint Venture and Business Plan

  • The Construction Phase, May 1996– April 1999

  • The Startup Phase, May 1999– Summer 2000

  • A Management and Design Change

  • Market Turmoil

  • The Limits of PRM: Unforeseeable Uncertainty

  • Summary and Conclusion