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Edward van Doorn is the founder of Orange Edge.

 

Edward has 30 years of experience in the field of Estimating, Project Controls, Project Evaluation, Risk Quantification, Monte Carlo Simulation and Probabilistic Financial Modelling. 

 

Prior to forming Orange Edge in 2018, Edward was employed at Resource Capital Funds (RCF), a mining focused private equity firm.

 

Before RCF, Edward performed numerous functions for both Owner and Contractor companies in the Mining, Oil & Gas and Infrastructure industries.

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Edward has expertise in all areas of the project development cycle, with an emphasis on estimating, project evaluation, risk quantification and probabilistic financial modelling.

Orange Edge uses AACE International “Total Cost Management Framework” as the key reference foundation.

 

Education

Edward obtained his Master of Engineering Science in Mechanical Engineering from the University of Queensland. One of the two years of the program was spent at the University of Illinois at Urbane-Champaign, in the department of Aerospace Engineering. The thesis work was spent on the exciting subject of “Attitude stability of an asymmetric dual-spin spacecraft”.

 

Career Highlights

  • Created an empirically proven and realistic project evaluation analysis based on John Hollmann’s “Project Risk Quantification” method.  It’s the most accurate method to predict cost & schedule overruns.

  • Evaluated over 50 worldwide mining projects to determine investment deal prospects. These ranged from scoping level to operating, both private and public companies, open pit and underground.

  • Subject matter expert offering support, guidance and oversight to portfolio companies and specifically management to ultimately provide value by de-risking projects.

  • Used statistical analysis to identify insights and conclusions from complex data for the following: Capex overruns, Opex overruns, execution schedule delays, ramp-up delays.

  • Researched the role of biases in project & risk evaluations and the use of decision tree analysis.

  • Presented a paper on private equity evaluations at the 10th ICEC World Congress in Rio de Janeiro (2016)

  • Presented a panel on the role of the CFO in Capital Projects at the CFO conference in Toronto (2017). 

  • Held effective steering committee meetings for Toro Gold, a project build on time and budget. 

  • Developed a detailed project specific risk analysis that covers geology, schedule, budget, scope, ramp-up, mine & mill productivity, market risk, political risk, environmental risk, social risk.

  • Communicated effectively with portfolio companies the following: use of stage gate process, proper framing of the project, ensure project sponsor involvement, set clear objectives, investing in Owners teams, reach strong project definition, set appropriate contingency in accordance with risk profile, build effective steering committee, use a robust risk management process and keeping stage gates strong.

  • Assisted in the development of the estimate for phase 1 of the Johan Sverdrup project, one of the largest offshore oil discoveries ever made (2.7 billion barrels, $10.3 billion).

  • Member of a junior resource company (Canico) that was successfully acquired by Vale. Canico were focused on the development of the Onça-Puma Nickel laterite project ($1.1 billion) in Brazil.

  • Developed the capital cost and successfully negotiated the EPC contract ($330 million) with Ma’aden in Saudi Arabia for a phosphoric acid plant.  Reported directly to the CEO of Litwin Italia.

 

Additional Information

  • Commodities: Oil & Gas, Gold, Silver, Copper, Lead, Zinc, Molybdenum, Coal, Mineral Sands, Bauxite, Diamonds, Alumina, Rare Earth, Uranium, Iron Ore, Nickel, Tungsten, Lithium.

  • Industries: On Shore and Offshore Oil & Gas, Mining & Metals, Roads, Ports, Rail, Buildings.

  • Software: Candy CCS, ARES PRISM, WinEst, BETK, Primavera P6, MS Project, Acumen Fuse, Excel, Word, PowerPoint, Access, @Risk.

  • Worked for some of the major owner and contractor companies where I learned from their procedures and processes: Bechtel, Newmont, Ausenco, Stork, Mace, and Aker Solutions.

 

© 2023 Orange Edge.

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