Identifying Challenges in the Capital Process PPT
This PPT slide, part of the 126-slide Capital Optimization Guide PowerPoint presentation, presents a structured overview of the capital process, highlighting key phases and associated challenges. It is organized into several stages: Business Planning & Screening (FEL 0), Scope Selection (FEL 1), Preliminary Engineering (FEL 2), Detailed Engineering (FEL 3), Construction, Start-up/Commissioning, and Close Out. Each phase includes specific feedback or issues encountered, illustrating areas for potential improvement.
In the initial phase, it notes delays in design approval that hindered procurement efforts. This suggests a need for more efficient decision-making processes. The second phase highlights an overwhelming number of deliverables required from project managers, indicating a potential for streamlining project management practices to enhance focus on critical tasks.
The feedback from the Detailed Engineering phase points to deficiencies in field verification by the design firm, which were only discovered late in the process. This raises concerns about the adequacy of oversight and communication between teams. The Construction phase feedback emphasizes a lack of contractor feedback, which could lead to repeated mistakes in future projects.
The Start-up/Commissioning phase reveals a disconnect between operations, construction, and maintenance teams, resulting in significant delays. This underscores the importance of cross-functional collaboration and input during the design phase to avoid costly setbacks. Lastly, the Close Out phase reflects on project oversight, indicating that issues were not monitored effectively until it was too late.
Overall, the slide serves as a diagnostic tool, pinpointing specific pain points throughout the capital process. It emphasizes the necessity for continuous improvement and better accountability at each stage to enhance overall project execution and outcomes.
This slide is part of the Capital Optimization Guide PowerPoint presentation.
This framework was developed by a team of consultants for a large blue chip company and can be replicated across industries.
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Cost Reduction Assessment Capital Structure Project Management Continuous Improvement Business Planning Feedback
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