Solution Employed Capital Projects Service Employed Advanced Benchmarking Methodology (ABM) Benefits Achieved • Achieved cost savings of $5 million USD • Mitigated turnaround execution risk and labor productivity risk • Validated key components of the funding estimate Challenge A team was tasked with delivering a $100
Solution Employed Benchmarking and Predictive Analytics Service Employed Turnaround Long-Range Plan Benchmarking Benefits Achieved • Optimized long-range turnaround plan for cost, risk, and lost profit opportunity (LPO) • Benchmarked costs for planned turnarounds based on units involved, interval, and economies of scale • Assessed cost and schedule risk
Case study detailing the development and deployment of a customized, real-time project management process in Capital Project Network.
How do we achieve top quartile performance on a Mega Complexity turnaround with significant capital project scope?
Overcoming the odds through detailed planning, continuous readiness assessment, and comprehensive risk identification and mitigation.
Solution Employed Benchmarking and Predictive Analytics Service Employed Turnaround Scope Benchmarking and Early Conceptual Benchmarking (ECB) Benefits Achieved • Establishment of a competitive and realistic long-range turnaround plan • Analysis of how early cost, schedule, scope, and labor estimates compared to Industry average and top quartile performers •
Solution Employed Capital Projects Service Employed Project Excellence and Assurance Consulting (PEAC) Benefits Achieved • An actionable plan, complete with required activities, was developed to build alignment between a large group of stakeholders • Business objectives for the project were clarified • Stakeholders gained the requisite knowledge to overcome roadblocks
Solution Employed Capital Projects Service Employed Enterprise Risk Management Program Development Benefits Achieved • Visibility of risks and actions across multiple, diverse business operations established • Standardization of risk management practices • Significant reduction in time spent producing management-level reporting • Millions of dollars, and potentially lives, saved due
Solution Employed Capital Projects Service Employed Value and Competitiveness Assessment of Plant-Based Projects (VCAP) Benefits Achieved • Nearly all projects achieve technical and business objectives • Project backlog decreased • Project selection process optimized • Project resource deployment streamlined • Identification of improvement opportunities and recommendations to save millions
Solution Employed Innovative Cloud-Based Tools Service Employed Deployment of Turnaround Work Process via NaviTrack Benefits Achieved • 10 percent reduction in turnaround cost and schedule • Better adherence to using and following the work process • Reduced probability of turnaround “trainwrecks” Challenge A large
Solution Employed Turnarounds Service Employed Risk Based Scope Review (RBSR) Benefits Achieved • Eliminated $8 million of scope, or 36% of total projected scope cost • Provided operations with a clear understanding of what work belongs in a turnaround Challenge A major fertilizer plant was having