Accelerate your capital projects: The benefits of integrated program planning & execution

Does your energy business build new capital assets or upgrade existing ones? If yes, you’re constantly under pressure to meet cost, schedule, quality, and technical requirements.

The capital project delivery model has been plagued by poor performance and an unintegrated approach, causing delays, cost overruns, interoperability issues and low productivity. At the same time, a historic $130 trillion investment is pouring into capital projects as societies decarbonize and renew critical infrastructure.

How can your business take advantage of this incredible opportunity while executing better projects faster? By adopting an integrated program planning and execution approach that captures best practices and lessons learned to drive continuous, ongoing improvements. Read on to learn how to improve capital project efficiency while reducing costs, time and risks.

Streamline capital project efficiency with a program management solution

Managers and team leaders must seamlessly coordinate complex teams, data and timelines for effective capital project management. Take control of your capital projects by adopting a program management solution that gives stakeholders continuous visibility into project performance and progress.

Program management solutions empower capital project stakeholders by:

• Integrating cost, schedule, and technical requirements inside a fully planned, resourced, and budgeted digital platform
• Organizing capital project initiatives by hierarchy using a comprehensive work breakdown structure (WBS), including work packages, teams and deliverables
• Enabling on-demand project monitoring, progress tracking and the ability to drill down to specific issues
• Improving change management, including full configuration control and traceability for requirements and statements of work

Manage your capital project deliverables using an integrated engineering platform

Capital projects typically involve multidisciplinary teams of internal and external stakeholders, including suppliers, certification agencies and customer users. Document management and collaboration can be challenging with all these participants, often leading to project delays and cost increases.

By adopting a Master Document Register and Transmittals platform, your business will establish a centralized repository for storing and managing all capital project engineering documents. With this integrated engineering platform in place, your teams and stakeholders can:

• Ensure seamless document management, enhanced collaboration and timely deliverables across all capital project stages
• Support continuous digital handover of 3D models, drawings, documents and other deliverables in an integrated engineering environment
• Integrate work package-based program planning and rules of credit-based execution tracking
• Minimize the risks of working with outdated information

Reuse best practices and lessons learned to drive continual ongoing improvements

Capture your capital project best practices and lessons learned within a common work breakdown structure (WBS) library. Reuse on future projects and work programs to drive continual, ongoing improvements. By managing projects in the same system used for actual work being completed, your stakeholders continuously have up-to-date resource information available on demand.

Transform your project delivery to execute better projects faster

With once-in-a-lifetime investments in capital projects taking place, now’s the time to follow the lead of power generation providers like ANDRITZ HYDRO in accelerating project execution and collaboration.

By adopting a single source for all program estimation and execution information, including risk and opportunity management, your business will establish a foundation to optimize enterprise asset management across the complete lifecycle. To learn more about advanced program planning and execution, watch the video.