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The article offers information on 13th International Platinum Symposium (IPS), which was held at the Ranch hotel outside Polokwane South Africa on 30th June to 6th July 2018. Topics include presence of registered delegates from different countries; presentations or talks and posters; and focuses on PTM's Waterberg Project of Anglo American Platinum.

The article presents a case study on the project evaluation and reporting of the Pillar Stone Construction Ltd. (PSCL). It mentions that PSCL was founded in 2007 in which it is a construction arm of the software company Quick Business Solutions and that it was assigned to construct a large water storage tank for a residential building with 50 flats in Hyderabad, India. The article discusses the penalty for the project delay and the expenditures used in the project.

The ability to assess and manage risks that might affect a project is an important competency for project managers; it is their fundamental function. It can be argued that if there were no risks affecting the ability of a team to successfully complete its project, then there would be no need for project management. The need to assess and manage risks is often considered from a negative viewpoint -- that is, preventing the exposure of the project to bad outcomes. However, effective project managers realize that risk management often means taking deliberate actions to increase the odds that good outcomes will result from the project efforts and to decrease the odds of bad outcomes (Kaliprasad, 2006). [ABSTRACT FROM AUTHOR]

Life-cycle cost (LCC) analysis is an economic measurement technique used to determine the total cost of an investment project or activity over its lifetime. This Guide applies the principles of LCC to the special requirements of Environmental Management (EM) projects. The approach integrates two ASTM International consensus standards: a widely used standard on LCC, and a recently adopted standard on the work breakdown structure expressed in the Environmental Cost Element Structure (ECES) developed by a Federal interagency working group concerned with efficient execution of EM projects. The LCC method described in the Guide can be applied to any EM project that has adopted the ECES cost management framework. Users of the Guide are assumed to be familiar with the ECES and the consensus standards that support it. The Guide covers economic comparisons across environmentally equivalent alternatives for an EM project addressing a single site as well as economic analysis of EM projects at different sites. Both onetime and recurring expenditures are covered as well as discounting on both an annual and a monthly basis. Several realistic case examples illustrate the method. [ABSTRACT FROM AUTHOR]