History of Westney Consulting Group
Dick Westney founded Westney Consulting Group in 1978 after having managed global projects for Exxon. The vision for the firm then was the same as it is now – to help people and organizations manage projects better. The firm has always had a special focus on project risk management and organizational effectiveness.
For the first 25 years, the firm focused its services on project managers and teams – facilitating the organization-wide implementation of best practices, and improving critical project management competencies. As projects continued to grow in scope, cost and risk, the focus expanded upward to focus on management advisory services. The long-held practice involving project risk management expanded to embrace the strategic, external risks that characterize these mega-projects and drive the cost overruns that so often occur.
Over the past 11 years, Westney’s focus on strategic risk and management advisory services has driven the development of highly differentiated methodologies for the independent assessment of project predictability, cost and schedule risk, and enterprise readiness for major projects. Services such as Risk Resolution®, Predictability Calibration®, and Enterprise Readiness Calibration® now provide clients with efficient, non-disruptive ways to improve a project’s predictability and their organization’s ability to deliver across the project portfolio.
Today, Westney is a strategic management consulting firm that is squarely focused on advising executives in the oil & gas, power, chemicals, and mining industries, helping them make more informed decisions and achieve more predictable outcomes for their major capital projects.
Westney perspectives and methods are frequently presented at industry conferences such as the Engineering & Construction Contracting Association (ECC), the Society of Petroleum Engineers (SPE), the Offshore Technology Conference (OTC), the Global FPSO Forum, the American Institute of Chemical Engineers (AIChE), the Project Management Institute (PMI®), the Association for the Advancement of Cost Engineering (AACE International), the US Association for Energy Economics (USAEE), the Rice University Global Forum for Engineering & Construction, the Construction Industry Institute (CII) and the Institute for Operations Research and the Management Sciences (INFORMS).