ABOUT JOYAN CONSULTING

Joyan Consulting was founded in 2023 by Louis-Jean to help new technology projects to emerge.

EPC and O&M strategies to derisk your Project

New technology projects carry massive risks. Yet, projects fail not because of being first-of-a-kind, but because risks are not mitigated at early stage. Contractors carry massive contingencies in their prices to cover that risks, increasing the capital expenditure (CAPEX) of the project by up to 40%. Investors do not commit. The final investment decision fails.

At Joyan Consulting, we guide developers in applying the optimal strategies

for the Engineering, Procurement, and Construction (EPC) and Operation and Maintenance (O&M) phases of their project to keep control of your CAPEX, secure final investment decision and project success.

As seen in:

Carbon Capture Journal 104/105 – Mar-Jul 2025: L-J. Germain, “Strategies for Enhancing the Economic Viability of Carbon Capture Projects”

Hydrogen Europe Quarterly Magazine (Q4-20026): L-J. Germain, “Solutions to Unlock FID”, (2024).

Project Success

At Joyan Consulting we promote project success through the publication:

“6 Principles for Project Success,” published in 2024 by Louis-Jean Germain.

The 6 Principles, developed by the author based on his professional experience and original ideas, aim to guide decision-making during the development and execution of projects.
  • Principle 1:Each party in a contracting chain must bear the risk that it is able to assume or mitigate.
  • Principle 2:Individuals from parties mobilized on the project must be empowered to work as a single team for the success of the project.
  • Principle 3:Parties must focus on identification and mitigation of risk all along the project.
  • Principle 4:Parties must reach common understanding of the facts as the work progresses.
  • Principle 5:Parties must adjust the project execution shortly after the occurrence of event.
  • Principle 6:Method for quick resolution of conflict must be established from the outset of the project.
Principle 1 proposes to consider risk assessment as the basis of risk allocation in a contractual structure. Contracting is nothing more than a risk response where the client transfers part of the project execution risk to another party. That other party must have sufficient capability in terms of competence, organization, and available finance to mitigate the risks it has been assigned to. The Author advocates for fair risk allocation, to reduce the overall project risk and aiming toward project success.
Principle 3 emphasizes the critical need for parties in a construction project to focus on the continuous identification of and response to risk events throughout the project lifecycle.
Principle 5 emphasizes the necessity for parties to swiftly adjust project execution following disruptive events (such as material delivery delays, mobilization delays, defects, incidents, etc.). These adjustments may include changes, adaptations, or developments in the project’s execution plan, schedule, design, or construction methods. Quick responses are crucial to limit the impact of disruptions and to steer the project back toward its objectives.
By adhering to the 6 Principles, developers can effectively tackle challenges, mitigate the impacts of disruptive events, and maintain the project’s trajectory toward its objectives. This approach helps prevent project drift, financial losses, time slippages, and disputes, ultimately leading to successful project completion without the need for costly and lengthy arbitration.

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