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Capital Project Management
The financial difference between well and poorly managed capital projects can be dramatic. Fortunately a significant portion of the blowouts in time and budget on capital projects are controllable through improved capital project management.
We have helped organisations tighten their management of capital project by focusing on 3 key elements:
- Hard wire your projects for success from the outset by setting up projects with the processes and controls necessary for ensuring on-time and on-budget delivery. This includes having a well defined project structure and decision making process, setting clear priorities, ensuring you have the right mix of materials and resources and using effective performance and risk management systems.
- Generate and implement ideas to speed up delivery and bring variances back in line. This involves understanding the drivers of cost and performance and using structured “Idea Generation Sessions” to identify the most powerful opportunities to reduce costs and bring schedules back on track.
- Proactively manage execution of the projects through detailed daily planning, clear measurable outputs for each manager and supervisor and use of visual tracking tools. PIP uses two powerful management tools “Short Interval Controls” to focus managers on the key drivers and identify variances early and “Result-Action-Reviews” to coach managers to close the loops effectively.
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