PM360 on 24-April-2024 (Day 2)

Decoding Net Zero: Project Management’s Role in Sustainable Futures

9:15 am – 9:45 am

Speaker: Nah Wee Yang

Decoding Net Zero: Project Management’s Role in Sustainable Futures” explores the critical intersection of project management principles and the pursuit of Net Zero emissions.

The presentation begins by defining Net Zero and its significance in addressing climate change. It delves into the key drivers behind the Net Zero movement, including the imperative to reduce greenhouse gas emissions, mitigate environmental impact, and drive innovation towards renewable energy and sustainable practices.

Next, the presentation examines the essential role of project management in achieving Net Zero objectives. It highlights how project management methodologies provide the framework for planning, executing, and monitoring initiatives aimed at reducing carbon emissions and transitioning towards sustainable solutions. Project managers are pivotal in coordinating cross-functional teams, aligning resources, and driving strategic initiatives to meet Net Zero targets.

By decoding Net Zero and elucidating project management’s integral role, this presentation aims to empower organizations to navigate the transition towards a sustainable future, driving positive environmental impact and long-term sustainability.

Develop Innovative & Sustainable Projects

9:45 am – 10:45 am

Speaker: Veerappan Swaminathan

In this engaging one-hour workshop, participants will be introduced to the Foresight Framework, a powerful tool for anticipating future trends and challenges to innovate sustainably. The session will begin with an overview of the framework, setting the foundation for its application in identifying key signals and driving forces that shape project landscapes.

Following the introduction, we will dive into practical exercises using the Futures Triangle. This tool helps participants pinpoint the space and scope for innovative solutions by balancing constraints, drivers of change, and visions of the future. Attendees will learn to apply these insights to develop projects that are not only forward-thinking but also grounded in sustainability and strategic foresight. Join us to transform your approach to project development and embrace innovation that anticipates future needs and challenges.

Powering Decarbonization: The Role of Program Management Office (PMO) in Achieving Net Zero by 2050

11:00 am – 11:45 am

Speaker: Hj. Ahmad Faraid

The presentation outlines the establishment of a Program Management Office (PMO) within Tenaga Nasional Berhad (TNB) Genco to implement Environmental, Social & Governance (ESG) initiatives focused on decarbonizing existing assets. This initiative, known as Project Viridis, aims to achieve early retirement of coal-fired power plants, responsible repowering using cleaner fuel and green technology, and forming strategic partnerships for green technology development. The PMO has set measurable targets to ensure success, including appointing energy transition consultants, creating implementation plans, and establishing strategic partnerships. TNB’s commitment to sustainability aligns with national and corporate goals, with initiatives like carbon capture storage, co-firing with ammonia and biomass, and capability-building programs with OEMs. Sustainable project management principles are emphasized to ensure the successful implementation of these initiatives, contributing to TNB’s goal of achieving net zero carbon emissions by 2050.

Climate Disclosures and its Contribution to Long-Term Project Value Creation

11:45 am – 12:30 pm

Speaker: Saliyaty Ramly (Sali)

In Malaysia, sustainability reporting became compulsory for Main Market-listed companies in 2016, reflecting the nation’s commitment to environmental, social, and governance (ESG) practices. The Ministry of Investment, Trade, and Industry introduced the National Industry ESG Framework for the manufacturing sector in 2023, signaling a concerted effort towards sustainable development. Globally, there’s a trend towards standardized sustainability disclosures, with the IFRS S1 for General Sustainability Disclosures and IFRS S2 for Climate-Related Disclosures emerging as leading standards. Malaysia aims to adopt these standards, emphasizing its alignment with international reporting norms. While some companies will be mandated to adopt these standards, projects can proactively leverage sustainability and climate disclosures to enhance long-term value creation and safeguard their reputations. Embracing sustainability reporting not only fulfills regulatory requirements but also fosters responsible business practices and contributes to sustainable development goals.

Challenges in Managing Sustaianability of Solar PV Projects in Medco Power Indonesia

2:00 pm – 2:45 pm

Speaker: Jufran Helmi, PMP

MPI, short for Medco Power Indonesia, is a company that specializes in renewable energy projects, specifically solar photovoltaic (PV) projects, from the start to the operational phase. They are committed to environmental sustainability and energy efficiency, and have implemented measures to manage sustainability challenges in their projects.

Their projects, such as Sumbawa Solar PV and Bali East/West Solar PV, are designed to maximize energy production efficiency and incorporate advanced, sustainable technologies.

MPI faces several challenges in their projects, including selecting environmentally friendly technologies while ensuring cost-effectiveness and efficiency in the Bulan Solar PV project, close cooperation with local authorities and transparent communication strategies with the Bali West Solar PV project, and community engagement programs and strict management protocols to adhere to sustainability targets for the Bali East Solar PV project.

MPI’s approach to solar PV projects is comprehensive, taking into account technological, environmental, and community considerations. Their structured planning and commitment to sustainability facilitate successful renewable energy projects that contribute to global efforts against climate change.

Driving Impact: Effective Stakeholder Engagement and Power Skills in Sustainable Development

2:45 pm – 3:30 pm

Speaker: Ir. Ts. Sharindran Gopal, PMP, and Nah Wee Yang

The presentation’s first part delves into the complexities of stakeholder engagement and the utilization of power skills for successful ESG initiatives. It starts by addressing the challenges companies face in tackling climate change impacts. Subsequently, it explores the necessary power skills for driving ESG initiatives.

The second part emphasizes the significance of stakeholder engagement in today’s dynamic business landscape, especially with external stakeholders. It underscores the importance of identifying, involving, and managing external stakeholders effectively for project success. Using Tenaga Nasional Berhad (TNB) as a case study, it illustrates challenges in engaging external stakeholders, such as community concerns and government requirements. TNB employs tailored strategies for each project to ensure alignment with stakeholder objectives. Effective stakeholder engagement is deemed crucial for TNB’s project success and sustainability. The presentation invites participants to explore effective stakeholder engagement traits in organizations like TNB, focusing on understanding diverse stakeholder needs within the context of TNB Distribution Network projects.