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Capital Project Best Practices: More Construction for Your Money
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Capital Project Best Practices: More Construction for Your Money

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James B. Porter, Jr., Principal Consultant for DuPont Safety Resources, discusses project best practices and how to deploy them. For more visit, http://chenected.aiche.org

James B. Porter, Jr., Principal Consultant for DuPont Safety Resources, discusses project best practices and how to deploy them. For more visit, http://chenected.aiche.org

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  • DuPont’s core values are the compass points that guide the company in all its decisions. They are not optional but form the foundation of everything we do.

Transcript

  • 1. Capital Project Best Practices “ More Construction for Your Money” Jim Porter
  • 2. Objective
    • This linked webinar will discuss:
    • 1. Project best practices and how to deploy them to ensure safety and the most business effective expenditure of resources (people, money, and time).
    • 2. How to assess the state of project development and whether it is ready for authorization.
  • 3. Agenda
    • Webinar Objectives
    • Core Values
    • Business Impact
    • Project Work Processes:
    • - Who?
    • - What?
    • - When?
    • - Where?
    • - How Much?
    • - How?
    • - Who?
    • Improvement Sustainability
  • 4. Core Values
    • Safety and Health
    • Environmental Stewardship
    • Highest Ethical Standards
    • Respect for People
    The Goal Is “Zero”
  • 5. Differential Capital Allocation R O I C - Drive Earnings/Cash - Manage Share - Grow Modestly - Renew or - Maximize SVA - Maximize SVA - Shrink Investment - Time Exit/Participation - Grow Aggressively - Expand Customer Base - Innovate - Encourage/Track Closely - Manage Margin Improve - Expand Customer Base - Nurture and Grow - Make the Calls Support Facilities Growth (Historical Potential )
  • 6. BUSINESSES E N G I N E E R I N G WHAT WHEN WHERE • Businesses Lead Cross Functional Project Teams to Do FEL and Determine “What, When, Where and How Much.” • Engineering Develops the Most Competitive “How and Who” and Supports FEL and Project Execution. • Requires Mutual Accommodation and Collaboration to a Higher Degree than Ever Before. Project Work Processes How Much How Who
  • 7. Seven Critical Success Factors 2: Manage Teams for Success 6 : Ensure SHE Excellence 1 : Set Up Teams for Success 3 : Front-End Load Opposite Business Goals 7 : Execute Project With No Changes 4: Utilize Competitively Superior Technologies 5 : Minimize Non-Value Adding Investment How? Project Timeline
  • 8. Delivery Effectiveness Strategy Shift From Coopetition Leveraged Resources Contractors/Suppliers Operations Resources To Collaboration Operations Resources Leveraged Resources Contractors/ Suppliers
  • 9. Reflections…
    • Owner’s engineer must see business processes holistically.
    • Businesses must see engineering as a key. component of their financial success.
    • Best practices define the pathway and guarantee good results.
    • Owner leadership cannot be delegated.
    If you are an AIChE member you can view the webinar in its entirety with ChemE on Demand credits.