Venture manager responsibilities

The initial work is done under the direct responsibility of the Venture Manager ... 

Venture Manager has overall responsibility for the business success of the project. Overall leader from conception through startup. More about him in a minute. 

Project Manager has overall responsibility for Detailed Engineering, Procurement, and Construction. The Venture Manager and Project Manager are the two key managers in every successful capital construction project. The major part of this book is aimed at how tos for the Project Manager. 

As the leader of the Owner s project team, the Venture Manager is ultimately responsible for the successful execution of the right project. 

The initial plan of action must also address a proposed overall project execution strategy in order to promote creative thinking as early as possible. If the objectives set by the project sponsor are not realistic, it is the responsibility of the Project Manager to bring up the realities of life and, working closely with the Venture Manager, develop achievable goals. 

Risks at the business strategy level are the concern of top corporate management. Although the Venture Manager may occasionally be asked to participate in that level of decisionmaking, the main responsibility must remain with top corporate management. 

Risk analysis at the venture and project level fall, of course, squarely on the shoulder of the Venture Manager and Project Manager. Although the brunt of responsibility shifts from Venture to Project Manager as the project proceeds the team concept will prevail and both must be intimately involved at all times. 

On many major projects, startup is put on the back burner and not given the proper amount of planning and resources that are necessary to have a quick, successful demonstration of the operability. Although a well-planned startup will not overcome deficiencies in design and construction, a poorly organized one will seriously mar the completion of a well-designed and well-constructed plant. It is the responsibility of the Venture Manager to avoid this predicament. 

Although this sounds like common sense, once the required resources for a startup are known, the most common management response is you don t need that many people. The Venture Manager must be firm in insisting on the required resources and keep reminding management of the old Irish saying ... 

The Project Manager has a dual responsibility to both the Venture Manager and to the CED Director for the execution of the engineering, procurement, and construction. 

This standard defines the requirements and responsibilities for reactive chemicals management processes at all facilities, operations and businesses of The Dow Chemical Company, and to those facilities, operations and businesses of its subsidiaries and joint ventures over which Dow has management or shareholder control. The purpose of this standard is to define the minimum requirements necessary to prevent injury, loss or environmental damage from uncontrolled chemical reactions. It is expected that these requirements will be applied in such a way as to create competitive value for Dow. 

It is up to Venture and Project Managers to be aware of all applicable regulations and insure that they are complied with. In certain cases the law makes them personally responsible and liable for accidents or damages resulting from noncompliance. 

It is the Project Manager s nontransferable responsibility not only to implement the risk prevention measures, but also to contribute to the venture level discussions with realistic cost estimates and schedule information to evaluate the various options under consideration. 

Is the risk acceptable When I asked a group of safety practitioners if the risk of 1 failure resulting in Loss of Crew (LOC) in 10,000 missions was acceptable, their overwhelming response was no. But, they could not reach a consensus to recommend the complete shutdown of space ventures. Those taking part in journeys to outer space are aware of the risks and volunteer for the opportunity to be astronauts, which is a form of employment. So, the managers at NASA and the Congressional Committees that provide oversight to NASA are also aware of the risks. And space ventures will continue. 

As corrupt business and construction practices are the norm in some environments, students must learn not only that there are differences in what is considered acceptable practice they must also learn how to intellectually critique dubious ethical norms. We expect that exploration for and demonstration of universal and/or ubiquitous moral values will be an important component in international ethics education. One of the examples is the concept of Corporate Social Responsibility (CSR) (Baker 2004). CSR focuses on accountability of organizations to a broad group of stakeholders including employees, customers, suppliers, community organizations, subsidiaries and affiliates, joint venture partners, investors and shareholders. CSR policies are based on social justice principles, human rights, and environmental standards. CSR can make our science, engineering and management students better understand that we do not inherit the earth from our ancestors we borrow it from our children - a Native American proverb. Balanced evaluations are necessary. 

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