Primary Author: Dr. Nick J. Lavingia, PE
Audience Focus: Intermediate
Application Type: Practice
Venue: 2016 AACE International Annual Meeting, Toronto, ON, Canada
Abstract: Industry benchmarking has shown a big gap in safety, cost, schedule and operability between best and worst projects with a major impact on the total cost of ownership over the life of the asset. In today’s competitive business environment this can mean a difference between a profitable company and the one that becomes a takeover target.
This practical presentation addresses management of limited and scarce capital resources for consistent world-class project performance. Participants will gain an understanding of:
- Project management's impact on the bottom line of the company to improve return on capital employed and total shareholder return.
- Project development and execution process which enables effective communication between decision makers, multifunctional project team and stakeholders.
- Project management best practices that optimize safety, cost, schedule and operability of project.
- Total cost management tools that address economic analysis, cost estimating, planning/scheduling, benchmarking, contracting/procurement, performance measurement, cost control/forecasting, progress reporting and finance/audit.
Audience Focus: Intermediate
Application Type: Practice
Venue: 2016 AACE International Annual Meeting, Toronto, ON, Canada
Abstract: Industry benchmarking has shown a big gap in safety, cost, schedule and operability between best and worst projects with a major impact on the total cost of ownership over the life of the asset. In today’s competitive business environment this can mean a difference between a profitable company and the one that becomes a takeover target.
This practical presentation addresses management of limited and scarce capital resources for consistent world-class project performance. Participants will gain an understanding of:
- Project management's impact on the bottom line of the company to improve return on capital employed and total shareholder return.
- Project development and execution process which enables effective communication between decision makers, multifunctional project team and stakeholders.
- Project management best practices that optimize safety, cost, schedule and operability of project.
- Total cost management tools that address economic analysis, cost estimating, planning/scheduling, benchmarking, contracting/procurement, performance measurement, cost control/forecasting, progress reporting and finance/audit.