Level: Basic
Venue: 2019 AACE International Conference & Expo, June 16-19, 2019, New Orleans, LA, USA
Abstract: This paper focuses on portfolio management for a group of sustaining projects in a Brazilian mining company. Such a group of projects can be understood as the investment dedicated to support and maintain current operation, covering renovation projects to projects for new mining areas. This paper covers more than 40 projects managed simultaneously, involving an annual capital expenditure of about US$100 million.
An overview of the mining process is presented, highlighting the strategic importance that project controls have in supporting the business. How projects are pulled together during the annual budgeting cycle is discussed, with particular attention to early resource consolidation. The tools used to develop the baselines and techniques adopted for forecasting are shown. The paper presents the project pipeline and portfolio management framework, along with the KPIs for physical and financial control.Finally, an integrated financial forecast is performed using Monte-Carlo Simulation (MCS).
Venue: 2019 AACE International Conference & Expo, June 16-19, 2019, New Orleans, LA, USA
Abstract: This paper focuses on portfolio management for a group of sustaining projects in a Brazilian mining company. Such a group of projects can be understood as the investment dedicated to support and maintain current operation, covering renovation projects to projects for new mining areas. This paper covers more than 40 projects managed simultaneously, involving an annual capital expenditure of about US$100 million.
An overview of the mining process is presented, highlighting the strategic importance that project controls have in supporting the business. How projects are pulled together during the annual budgeting cycle is discussed, with particular attention to early resource consolidation. The tools used to develop the baselines and techniques adopted for forecasting are shown. The paper presents the project pipeline and portfolio management framework, along with the KPIs for physical and financial control.Finally, an integrated financial forecast is performed using Monte-Carlo Simulation (MCS).