THERMAL SCIENCE

International Scientific Journal

Filip P. Jovanović

,

Ivana M. Berić

,

Petar M. Jovanović

,

Aca D. Jovanović

RISK MANAGEMENT OF ENERGY EFFICIENCY PROJECTS IN THE INDUSTRY - SAMPLE PLANT FOR INJECTING PULVERIZED COAL INTO THE BLAST FURNACES

ABSTRACT
This paper analyses the applicability of well-known risk management methodologies in energy efficiency projects in the industry. The possibilities of application of the selected risk management methodology are demonstrated within the project of the plants for injecting pulverized coal into blast furnaces nos. 1 and 2, implemented by the company US STEEL SERBIA d.o.o. in Smederevo. The aim of the project was to increase energy efficiency through the reduction of the quantity of coke, whose production requires large amounts of energy, reduction of harmful exhaust emission and increase productivity of blast furnaces through the reduction of production costs. The project was complex and had high costs, so that it was necessary to predict risk events and plan responses to identified risks at an early stage of implementation, in the course of the project design, in order to minimize losses and implement the project in accordance with the defined time and cost limitations.
KEYWORDS
project, risk, management, efficiency, methodology, pulverized coal injection
PAPER SUBMITTED: 2015-02-10
PAPER REVISED: 2015-06-10
PAPER ACCEPTED: 2015-06-17
PUBLISHED ONLINE: 2015-07-03
DOI REFERENCE: https://doi.org/10.2298/TSCI150210094J
CITATION EXPORT: view in browser or download as text file
THERMAL SCIENCE YEAR 2016, VOLUME 20, ISSUE Issue 1, PAGES [315 - 325]
REFERENCES
  1. Reiss, G.: Programme Management Demystified, E&FN Spon, London and New York, 2000.
  2. Gareis, R.: Happy Projects, MANZ, Verlag, 2005.
  3. Seppanen, O., et al.: Control of temperature for health and productivity in offices, ASHRAE Transactions 111 (2005), 2, pp. 680-686
  4. ***A Guide to the Project Management Body of Knowledge, PMBOK Guide - Fourth Edition, Project Management Institute, Pennsylvania, USA, 2008.
  5. Kerzner, H.: Project Management:A Systems Approach to Planning, Scheduling, and Controlling, Ninth Edition, John Wiley & Sons, 2006.
  6. Jovanović, P.: Project Management (Serbian:Upravljanje projektom), VŠPM, Belgrade, 2012.
  7. Mihić M., et al.: Application and importance of cost-benefit analysis in energy efficiency projects implemented in public buildings: the case of Serbia, Thermal Science, Year 2012, volume 16, issue 3, pages
  8. ***ICB - IPMA Competence Baseline, Version 3.0, International Project Management Association, Nijkerk, 2006.
  9. ***APM Body of Knowledge, Association for Project Management, Buckinghamshire, 2006.
  10. Schelle, H., et al.: Project Manager, German Association for Project Management, Nuremberg, 2006.
  11. Petrović, D., et al.: Project Risk Management, (In Serbian language), Serbian Project Management Association - YUPMA, Belgrade: 2010.
  12. Lee, H. W., et al.: Energy-related Risk Management in Integrated Project Delivery, Journal of Construction and Engineering Management, American Society of Civil Engineers, 2013.
  13. Jaafari, A.: Management of risks, uncertainties and opportunities on projects: time for a fundamental shift, International Journal of Project Management, Vol.19, 2001, Pages 89-101
  14. ***ISO 31000: 2009 provides principles and generic guidelines on risk management.
  15. ***AS/NZS ISO 31000 Risk management - Principles and guidelines
  16. Jovanović, P., et al: Directions of Development of Project Management (In Serbian language), Project Management College, Belgrade, 2010.
  17. Sandberg P., Söderstörm M.: Industrial energy efficiency: the need for investment decision support from manager perspective, Energy Policy 31 (2003), 1623-1634
  18. ***GLOBEX Group d.o.o.: Project Design of the Plant for Injecting Pulverized Coal into Blast Furnaces (In Serbian language), Smederevo. 2009.
  19. Worrell, E., P. et al. Energy Efficiency Improvement and Cost Saving Opportunities for the U.S. Iron and Steel Industry: An ENERGY STAR Guide for Energy and Plant Managers.www.energystar.gov/ia/business/industry/Iron_Steel_Guide.pdf 2010.
  20. EPA United States Environmental Protecton Agency Sector Policies and Programs Division Office of Air Quality Planning and Standards U.S. Environmental Protection Agency Research Triangle Park, North Carolina 27711: Available and emerging technologies for reducing greenhouse gas emissions from the iron and steel industry, September 2012.
  21. Burdukov A. P., et al: Prospects for use of micronized coal in power industry, Thermal Science 6 (2002) 1, 29-43
  22. Ivanović T., et al.: Reconstruction of the aero-mihture channels of the pulverized coal plant of the 100 MW power plant unit, Thermal Science 2011 Vol. 15, Issue 3, pp. 663-676
  23. ***Project Risk Analysis and Management Guide, Association for Project Management 2010.
  24. Vuković M., Management of Energy Efficiency Projects (In Serbian Language), Tehnika - Menadžment 64 (2014) 5
PDF VERSION [DOWNLOAD]
Risk management of energy efficiency projects in the industry - sample plant for injecting pulverized coal into the blast furnaces

© 2024 Society of Thermal Engineers of Serbia. Published by the Vinča Institute of Nuclear Sciences, National Institute of the Republic of Serbia, Belgrade, Serbia. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International licence