Structured Governance for Engineering Lifecycle PPT
This PPT slide, part of the 126-slide Capital Optimization Guide PowerPoint presentation, outlines a structured governance and approval process for Segment B projects, specifically in engineering and construction with budgets ranging from $0 to $250 million. The framework is divided into 5 key phases, each representing a critical step in project evaluation and decision-making.
The first phase, Early Engagement, focuses on validating the identified problem or opportunity. This involves establishing a root cause based on factual data and ensuring alignment on business fit and project classification. The segmentation of execution steps and the approval path are also documented, setting the stage for subsequent phases.
In the second phase, Concept (FEL1) Scrubbing and Optimization, the value of the identified problem is assessed. High-level solutions are reviewed, and a preliminary cost estimate is provided. This phase emphasizes the need for a decision on whether multiple solutions should be explored, alongside the option to generate alternatives.
The Pre-feasibility (FEL2) Check-in and Optimization phase follows, where capital and operating costs are estimated for various solutions. This phase includes a detailed examination of business cases and interdependencies, ensuring a clear linkage between problems and proposed solutions.
The Feasibility (FEL3) Scrubbing phase involves a thorough economic evaluation, revisiting capex and opex estimates, and refining project scope and KPIs. The final phase, Project Impact Review, assesses the overall project report to verify if key performance indicators (KPIs) are met, alongside a review of the project cost versus budget.
This structured approach ensures that projects are rigorously vetted at each stage, minimizing risks and enhancing the likelihood of successful execution.
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.
EXPLORE MORE SLIDES FROM THIS PRESENTATION
EXPLORE MORE PRESENTATIONS ON
Cost Reduction Assessment Capital Structure Key Performance Indicators Project Cost Business Case Project Scope KPI Governance
Flevy is the world's largest knowledge base of best practices.
Leverage the Experience of Experts.
Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.
Download Immediately and Use.
Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.
Save Time, Effort, and Money.
Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.
