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Results - Tightening
the process for reviewing options in capital
project
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Context / scope of project :
Our client, the capital projects group of a
major Australian coal producer has many projects
running from large green-field expansions to
sustaining capital projects.
The group follow the corporate guidelines for these
projects but its leader wanted to tighten up the initial
phase of the feasibility study methodology and also to
improve the decision making process to avoid projects
being slowed by revisiting earlier options
unnecessarily. In this phase of projects a range of
alternative solutions are generated and reviewed prior
to selecting the "go-forward" option. Traditionally this
phase of projects had proven difficult to manage to cost
and schedule.
PIP were retained to develop and trial a new approach
with the objective of streamlining the process and
reducing engineering time and cost.
| Client achieved: |
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Moved the first project into the engineering
phase within 2 weeks from the identification of
the alternatives (after it had sat around for
2-3 months)
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In 3 weeks, reduced the initial engineering
hours of one contractor by 4500 hours (50% less
than estimate)
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The process is being now rolled out into
other projects.
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