Navigating Major Programmes

In this episode of Navigating Major Programmes, Riccardo Cosentino sits down with Sherena Hussain, lawyer, global thought leader in infrastructure and advisor to new partnership and sustainable finance models, to tackle the complex question: is private capital successful in major programmes?

“The research and the industry and the research is beginning to align in the sense that we need to begin to do things differently. Now is the time to start to challenge the paradigm and do better.” – Sherena Hussain

Key Takeaways:

• The role private capital in infrastructure major programmes
• The overlaying correlation and causation of politics in private capital
• The biases of private practitioners in determining the use of private capital
• Delivery models, risk transfer and the tools for successful major programmes
• Systems approach to complexity
• The collective responsibility and impact of stakeholder management

Sherena Hussain’s Published Work

• Rethinking the role of private capital in infrastructure PPPs: the experience of Ontario, Canada
• Exploring the Success of Social Infrastructure Public Private Partnerships: The Complex Case of Bridgepoint Active Healthcare in Ontario, Canada

If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox.

The conversation doesn’t stop here—connect and converse with our LinkedIn community:

• Connect with Sherena Hussain on Linkedin
• Follow Navigating Major Programmes on LinkedIn
• Follow Riccardo Cosentino on LinkedIn
• Read Riccardo’s latest at wwww.riccardocosentino.com

Transcript:

Riccardo Cosentino 0:05

You're listening to Navigating Major Programmes, a podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host, Riccardo Cosentino. I bring over 20 years of Major Programme Management experience. Most recently, I graduated from Oxford University Saïd Business School, which shook my belief when it comes to navigating major programmes. Now it's time to shake yours. Join me in each episode as I press the industry experts about the complexity of Major Programme Management, emerging digital trends and the critical leadership required to approach these multibillion-dollar projects. Let's see where the conversation takes us.

Riccardo Cosentino 0:53

Hello, everyone. Welcome to a new episode of Navigating Major Programmes. I'm here today with Sherena Hussain. How are you doing, Sherena?

Sherena Hussain 1:01

I'm doing well. Thanks. How are you?

Riccardo Cosentino 1:04

I'm very good. I'm very good. I'm so glad we're on this podcast together. Thank you for agreeing to join me. I've known you for a long time. But maybe for the guests that may not have seen you on CBC or seen your work on LinkedIn, can you introduce yourself briefly?

Sherena Hussain 1:21

Oh, wonderful. Well, thank you for that. Well, my name, as you mentioned, is Shereena. Hussein. I'm a lawyer as well as an academic. In addition to being in the infrastructure space for many years, it's so interesting that Riccardo, you and I, we go back, way back, to the Infrastructure Ontario days where I was a summer associate and I was able to work alongside some of your teams. And since then, my career has taken me in different directions. Practicing as a lawyer at McCarthy Tétrault moving into academia, including affiliations with the Schulich School of Business, and also dovetailing into a variety of different international work, including affiliations with the G7 and the G20, trying to pair private capital to sustainable infrastructure projects all around the world. And now more specifically, trying to connect different types of research to actual problems that we have in the infrastructure community, more specifically, how do we make those projects bankable but also sustainable economically as well as environmentally speaking?

Riccardo Cosentino 2:26

Okay, very interesting. So you, obviously, our path connected in the past and having this still do because I'm also ...

“Projects get delivered by people and how we do things in our day to day life and how we make big decisions around our day to day life, whether it’s small or big, are actually very relatable on how we make decisions in the business world when funding, approving and delivering projects.”– Dr. Diana Nada

Dr. Diana brings over 20 years of experience advising public and private sector clients on strategies and toolkits for best practices in improved capital project delivery and informed decision making. She is a regular industry contributor, a published scholar educator with over 25 speaking engagements. She is the current AAC Canada Region One director, and is a member of the ULI Public Development and Infrastructure Council and the UK APM Project Assurance SIG. Diana is one of the contributing authors to the 2023 first edition for A Guide to Auditing Programmes and Projects, published by APM. She was shortlisted as one of the 2020 A Woman Infrastructure Network, emerging leaders in Canada.

Key Takeaways:

• The importance of qualitative research in major projects, where social sciences intersect with major programmes
• Basing major project success on a rocky foundation, the deflation of estimates and unrealistic expectations
• How PMBOK (Project Management Body of Knowledge) and PMP (Project Management Professional) certification can evolve to encompass broader strategic considerations and better prepare major programme implementers
• Collaborative contracting and identifying collaboration (regardless of delivery method) as a key component for success in major programmes
• Performance measurement and how not aligning incentives can influences decision-making and team relationships
  

Links Mentioned:

• Dr. Diane Nada’s Project Approval Decisions: Exploring Success Factors
• Curbing Optimism Bias and Strategic Misrepresentation in Planning: Reference Class Forecasting in Practice by Bent Flyvbjerg
• Thinking Fast and Slow by Daniel Kahneman
  

If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox.

The conversation doesn’t stop here—connect and converse with our community via LinkedIn:

• Navigating Major Programmes on LinkedIn
• Follow Riccardo Cosentino on LinkedIn
• Follow Dr. Diana Nada, PhD on LinkedIn

Transcript:

Riccardo Cosentino 00:05

You're listening to navigate major problems, the podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host, Riccardo Cosentino brings over 20 years of major product management experience. Most recently, I graduated from Oxford University's day business school, which shook my belief when it comes to navigating major problems. Now it's time to shake yours. Join me in each episode, as I pressed the industry experts about the complexity of major program management, emerging digital trends and the critical leadership required to approach these multibillion dollar projects. Let's see where the conversation takes us. Dr. Diana nada is a project management expert and advisory mega capital projects, a civil engineer by background with a PhD in project management from the University of Calgary. She brings over 20 years of experience advising public and private sector clients on strategies and toolkits for best practices in improved capital project delivery and informed decision making. She is a regular industry contributor, a published scholar educator with over 25 speaking engagement. She is the current AAC Canada region one director, and is a member of the ULI public development and infrastructure Council and the UK APM project assurance SIG. Diana is one of the contributing over to the 2023 first edition for a guide to auditing problems and project published by APM. She will show listed as one of the 2020 A woman infrastructure network, ...

In this episode, Riccardo sits down with two of the voices behind the Digital Twin Fun Club podcast, Henry Fenby-Taylor and Neil Thompson. The trio speaks accuracy versus bias and how technology (digital twins specifically) can help mitigate risk within the complex world of infrastructure.

“I think people generally have the wrong expectation of technology. They think ‘Oh, we’re going to be able to predict the future.’ Actually the value of these things isn’t about being able to predict the future, it’s about being able to adapt as quickly as possible to changing circumstances.” –Neil Thompson

Key Takeaways:

• Defining a digital twin, the difference between a BIM and digital twin
• The true value of technology (spoiler alert: it is not about predicting the future)
• The transition from sourcing the “cheapest” to “best” solution
• Major programmes as a symphony, an analogy of perspective
• Collaboration through technology for parallel problem solving approach

Links Mentioned:

• Benedict Evans’ Presentations
• Noise by Daniel Kahneman
• Bent Flyvbjerg’s How Big Things Get Done

If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox.

The conversation doesn’t stop here—connect and converse with our community:

• Follow Henry Fenby-Taylor on LinkedIn
• Follow Neil Thompson on LinkedIn
• Follow Digital Twin Fun Club Podcast on LinkedIn
• Follow Riccardo Cosentino on LinkedIn
• Navigating Major Programmes on LinkedIn

Transcript:

Riccardo Cosentino 00:00

If you're listening to navigate the major programs, the podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host Riccardo Cosentino I bring over 20 years of major product management experience. Most recently, I graduated from Moxa universities they business group, which shook my belief when it comes to navigating major problems. Now it's time to shake yours. Join me in each episode as a press the industry experts about the complexity of major problem management, emerging digital trends and the critical leadership required to approach these multibillion dollar projects. Let's see where the conversation takes us. Hello, everyone. Welcome to another episode of navigating major programs. Today I'm joined by two guests from the digital twin fun club. Gonna let them introduce themselves.

Henry Fenby-Taylor 01:04

Hi, I'm Henry Fenby Taylor, host of the digital twin fan club, podcast and editor and coordinator and I also run my own digital transformation and communications consultancy. Hi,

Neil Thompson01:18

Hi everyone. I'm Neil Thompson. I'm a digital fanclub cleaner owner and co founder, I guess, their day job I work at AtkinsRéalis, and I do things around digital transformation. I also have some other hats around the industry, my chair, the built environment for the Institute of Engineering Technology, also lucky enough to have gained an Honorary Associate Professor of the Bartlett School of sustainable construction, all things. Construction economics related. So I'm really interested to have this conversation because I've, I've been listening to some episodes and really fascinated in this sort of world between digital tools and how we incentivize people to do things is fascinating. So I'm looking forward to the conversation.

Riccardo Cosentino 02:08

Yeah, me too. Definitely. I'd well if we're comparing hats. I'm also on the construction industry councils. Net Zero climate change panel, and then CIC 2050, board member of a core member of zero construct as well. So I have a very strong interest in net zero in this space as well. Which is a key economic question, isn't it? Really? Yes. Especially today with the especially in the UK, es...

In this episode, Riccardo Cosentino takes us behind the scenes of developing the Navigating Major Programmes podcast and shares why he started this podcast—well before he was ready. Taking us through his career in infrastructure (and the brief moment he almost became restaurateur), Riccardo highlights his leadership learnings and how graduating from Oxford Saïd Business School’s MSc Major Programme Management dismantled his imposter syndrome, a necessity in becoming an effective leader. You’re going to want to grab a pen and paper for one because Riccardo shares practical leadership tips that will help you get your team’s performance to the highest level.

“Ultimately, the cost of leadership training is insignificant compared to the cost overruns or schedule overruns major programmes encounter every day.”

Key Takeaways:

• Imposter syndrome and why starting a podcast helped Riccardo overcome it
• Does a personal brand have a place in major programmes?
• How to successfully use LinkedIn within the infrastructure industry
• Why leadership training should be required in major projects

If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox.

The conversation doesn’t stop here—connect and converse with our community:

• Riccardo Cosentino on LinkedIn
• Riccardo Cosentino’s Leadership Articles on LinkedIn
• Navigating Major Programmes on LinkedIn

Transcript:

Riccardo Cosentino 00:05

You're listening to navigate the major problems, the podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host, Riccardo Cosentino I brings over 20 years of major product management experience. Most recently, I graduated from Oxford University's day business school, which shook my belief when it comes to navigating major problems. Now it's time to shake yours. Join me in each episode, as I press the industry experts about the complexity of major program management, emerging digital trends and the critical leadership required to approach these multibillion dollar projects. Let's see where the conversation takes us. Hello, everyone. Welcome to a new episode of navigating major programs. Today will be my first solo podcast, I will have no guests today. So you will be listening to me rambling away hopefully won't be rambling it will be interesting, interesting topics that we cover in this podcast. I started. I started this podcast very recently, and I have no previous experience in podcasting. I'm an avid listener, but I never, never led or recorded podcasts before. Reason why I started this podcast. Mostly I wanted to elevate the conversation about major programs, I wanted to have a platform where we can think through major programs, we can think through issues associated with major programs. I also wanted to give an opportunity to some of my classmates and future classmates and past classmates to have a platform where they could present the research. As many of you know and carried out I finished a master's degree Oxford called MMPM mastering major program management. And while I was doing my dissertation, it occurred to me that many of my classmates were also doing very valuable research. But unlike a PhD, this research doesn't really get published, some of the dissertation are about the quality that can be can be published in in journals. However, a lot of the dissertations don't quite meet that threshold. However, it's very, very interesting research that should have a platform to be presented. Rather than just ending up on a shelf on somebody's on somebody's bedroom or living room. This is why I started the podcast. Starting the podcasts was very nerve racking for me. It took me it took me almost a year to find the courage to actually record the first series, the first five episodes, I actually recorded the very first episode two years ago, but then never had the never had the courage I guess, to follow through with the rest of the episodes. So I sat sat on this project for a very long time, it was very nerve wracking for me, I procrastinated, I postponed the recording until I was really what would happen is what was at Oxford graduating from my, from a master's degree. A lot of my colleagues and classmates were congratulating me for having a strong presence on LinkedIn a...

In this week’s episode, Riccardo and guest co-host, Corail, sit down with fellow alumna, Carol Tansley to discuss her Oxford Saïd Business School dissertation on the institutional barriers to adopting integrated project delivery (IPD) on a nuclear mega project. Carol's impressive career, spanning two decades, is rooted in executing major programs for the UK Government Department for Work, HMRC, and DTI. As a recognized authority in large-scale IT and business transformations, her expertise took her to the Middle East, notably participating in the groundbreaking nuclear project in Abu Dhabi, marking the inauguration of the first nuclear power plant in the Arab world. Ninety-seven percent of nuclear major programmes go over time and over budget, so how did Carol (with no nuclear background) participate in delivering one two days early? This is a conversation you won’t want to miss.

“IPD may represent a methodology that would work has been proven to work in first of a kind environments. And while we have the field conditions now to embrace that, we need people that are willing to go out and embrace these new ways of working and seek to implement them.”

Key Takeaways:

• The role Eternal Beginner Syndrome plays in complex nuclear programmes.
• The perceived barriers against adopting new models and how cultural and cognitive biases can masquerade as genuine obstacles.
• Carol’s experience at Nuclear Week in the UK parliament and the future trends of the nuclear industry—energy security goals, securing affordable supplies and tackling climate change.
• Attracting the younger generation to the nuclear sector to support climate solutions and the expected 40 percent growth rate.

If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox.

The conversation doesn’t stop here—connect and converse with our community:

• Carol Tansley on LinkedIn
• Corail Bourrelier Fabiani on LinkedIn
• Riccardo Cosentino on LinkedIn

Transcript:

Riccardo Cosentino 00:05

You're listening to navigate the major programes, the podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host, Riccardo Cosentino brings over 20 years of major product management experience. Most recently, I graduated from Oxford University’s Day business school, which shook my belief when it comes to navigating major problems. Now it's time to shake yours. Join me in each episode, as I press the industry experts about the complexity of major program management, emerging digital trends and the critical leadership required to approach these multibillion-dollar projects. Let's see where the conversation takes us. Carol Tansley was appointed Vice President X energy UK new build projects in September 2022. In this role, she oversees all x-energy's activities towards establishing the XE 100 as the prominent I temperature gas reactor technology in the United Kingdom. Prior to joining IX energy, Carol served as the operational readiness Control Center Director for the early successful Emirates nuclear energy cooperation startup of the Barakah nuclear plant in the UAE. She was also the new Newa energy company director of strategic programs. Prior to this, she served as a senior director for PwC in the UK and UAE, as well as working at Accenture delivering some of the UK is largest public sector change programs. She recently graduated with distinction from the University of Oxford, with an MSc in major program management. Carol's research focuses on causes of poor performance on nuclear mega project, and potential benefits of adopting relational contracting models.

Corail 02:05

Hello, Carol Heller, Ricardo, I'm super happy to talk to you today. And thank you so much for the opportunity to interview Carol on your podcast, Ricardo, I think we all met in Oxford during the MMPMcourse. And it was wonderful to learn about Carol's experience about the nuclear industry, which is one of the most complex industries, you can find say, I think the listener will be so happy to hear about Carol's story and what you have to say are all about the future of this industry. First of all, I was wondering if you could tell us a little bit more about your background and how you fell into the nuclear sector. I know that there is a little value at the start of th...