Structured Framework for EPCM Stage Gate Process PPT
This PPT slide, part of the 126-slide Capital Optimization Guide PowerPoint presentation, outlines a structured framework for the Stage Gate Implementation Process tailored for the EPCM (Engineering, Procurement, and Construction Management) model. It is divided into 5 main process steps: Registration, Concept, Pre-feasibility, Feasibility, and Execution, each with specific timing, responsible parties, key activities, and outputs.
The timing and duration for each step are clearly defined, starting with Registration, which takes 5 man-days, progressing to Concept, requiring 2 weeks with 3 people, and culminating in Execution, which is project-dependent. This structure emphasizes the importance of time management and resource allocation throughout the project lifecycle.
Key activities are detailed for each phase. For instance, during Registration, activities include identifying the problem, gathering supporting information, and approving the registration. The Concept phase focuses on creating a project charter and defining the universe of possible solutions. As the process advances to Pre-feasibility and Feasibility, the emphasis shifts to risk assessment, financial modeling, and optimizing engineering options.
Outputs are also specified, such as preliminary business proposals and approvals at various stages. This systematic approach ensures that each phase builds on the previous one, allowing for informed decision-making and minimizing risks.
The slide serves as a comprehensive guide for stakeholders involved in project management, providing clarity on roles, responsibilities, and expectations. It highlights the critical nature of each phase and the need for thorough preparation and evaluation before moving forward. This framework can be invaluable for organizations seeking to streamline their project execution processes and enhance overall efficiency.
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 Project Charter Time Management Financial Modeling
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