Kronos Group

How does project management consulting help industries make the shift to clean energy?

Summary

Even as energy prices skyrocket around the world and some entities call to ramp up the creation of unsustainable energy to meet this short-term demand, there is an understanding that this will lead to stricter clean energy policies in the future. Regardless of crises, clean energy will continue to be a necessity to lower business risks and create a future-focused corporation.  

The need for aggressive action toward clean energy: Clean energy and the shift towards building this sustainable future has long been a C-suite issue that requires buy-in from all sides of a company. Continuing this action despite crises in the market is a timely and relevant goal for future-focused companies. 

The role of project management consulting: Despite many necessary advancements in clean energy and green technology, many companies fail to tailor a resilient framework through which these can be actioned. Project management advisory can remedy this oversight by helping manage costs, boosting ROI, as well as:

  • Integrating clean energy goals with overall business goals
  • Forming the right teams for transformation
  • Keeping up stakeholder communication
  • Creating a roadmap for a successful transition

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Tension in Eastern Europe and the Russian invasion of Ukraine has led to the European Union levying up to five rounds of restrictions on Russia to date. From a coal ban to the extension of import bans, these sanctions and the continued war in the region are already having effects felt across international economies as the prices of energy spike.

As the price and unavailability of fuel rises, fossil fuel production has been ramped up in several countries, which to many has appeared to counter the urgency of decarbonisation. Jeopardising long-term climate change measures may seem like the only option presenting itself, but it also infers that this decision must be supported by a doubling down on climate goals once the crisis has passed. 

This understanding, however, seems to fall short of the unprecedented volatilities that have plagued the global market. 

Energy has long been more than just a cost to a business. It has, over the years, presented many opportunities for value addition to companies both large and small, and none more so than it has in the past few years.

Clean energy has risen to the forefront and industries are expected to follow its lead. 

What used to be a nice to have, has now become a necessity to lower the risks associated with running a contemporary business in the current climate and garner a competitive advantage.

The need for aggressive action toward clean energy  

Making the shift to clean energy is a clear indicator that a firm is investing in, and taking suitable steps towards, building a long-term, sustainable future. But bringing down this core priority as a result of cost fluctuations in the market may be counterintuitive.

The ways that a company sources and consumes its energy has direct and dramatic effects on the cost structure of the company on top of being a key differentiator that is growing in value for both internal and external stakeholders.

Clean energy has become a C-suite issue with presidents and CFOs taking an active role in clean energy strategies. Downgrading this development in an environment where the supply of cleaner energies is up and costs are dropping, will put your company at a higher risk, and without the competitive edge, many other leaders in the industry have prioritised in recent years.  

The role of project management consulting

When it comes to making the bold changes necessary for the shift to clean energy, companies are still largely approaching the issue without a solid framework on which to depend.

This remains true despite many advancements made to the adoption of clean energy across several industries and regions. The lack of this strategy may be attributed to the fact that governing bodies are consistently tightening clean energy goals and attempting to incentivise more industries to join the charge towards climate-conscious goals.  

These new measures often prompt companies to overhaul their current practices at regular intervals to stay compliant with stringent regulations. 

With the support of project management consulting, however, the lack of strategy can be remedied.

Leveraging project management consulting can support companies with the management of the initial costs associated with clean energy shifts, while also helping you realise higher returns on this investment on a much swifter timeline. 

Project management consulting can offer your company support by revolutionising your corporate culture and injecting higher value into your short and long-term strategies as well as: 

  • Integrating clean energy goals with other core business functions such as procurement and finance.
  • Forming the right teams for company-wide transformation to ensure continuous development and sustainability.
  • Keeping all stakeholders apprised of developments and in the loop to foster a positive brand reputation. 
  • Formulating a roadmap for a successful transition to clean energy including goals and objectives your teams must work towards.

Overall, project management consulting can be of critical importance to your company during this period of great change because of the strategic, resilient frameworks it can help you develop to match the unique needs of your company. 

Ensuring a greener, cleaner future through the right support

Whether a company chooses to make the shift to clean energy now or later, this is the inevitable future of all industries—and lawmakers are ensuring that this is the case.

The current business landscape is awash with crises, but while these may pass, clean energy initiatives are only set to grow over time. 

Project management consulting can help your company get ahead of the curve and benefit from not just overall strategy making support, but also from the creation of supporting structures such as project management training that help sustain and expand these initiatives for higher value addition.

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Julie Brand

A part of Kronos Group’s team since 2018, Julie is a leader who has honed her specialisation in business transformation and utilised her expansive financial expertise to power business strategy and add value to what we do. She has amassed experience (Pfizer, Sony, AXA, SMEC, Tradelink) all over the world in strategy, project management, analysis, and supply chain.