Project Life-Cycle: Overview

This chapter discusses the concept of the project life-cycle for mega complex LNG projects throughout each phase of their life-cycle. These projects are multifaceted with long durations and a complex management process, which includes complicated management structures with JVPs day-to-day management involvement of these. This chapter will also highlight the multiple phases within the project life-cycle and the importance of the management of the stage gates to undertake the need for good governance which promotes transparency, accountability, and risk management, ultimately contributing to the project’s success and sustainability. Organisations should focus on several key topics related to the development of mega complex LNG projects throughout their life-cycle, such as technical innovations, risk management strategies, and economic viability. By doing so, it will provide organisations with a comprehensive understanding of the challenges and opportunities that are inherent in developing the multifaceted LNG projects.