Capital Delivery
Studies have shown that more than 60% of an asset’s reliability, and therefore total cost of ownership, are determined during the design, build, installation and commissioning phase. However, most capital projects are judged to be successful if they are completed on time and on budget and not on how the assets perform. And total cost of ownership is seldom, if ever, considered.
The capital delivery workstream includes the processes that should be used to effectively deploy capital and deliver assets with the optimal total cost of ownership across the entire lifecycle, from concept to disposal.
Scope of Services:
Assessments, coaching in process development, and over-the-shoulder coaching in these areas:
- Strategic Capital Planning
- Project Request
- Feasibility Study
- Conceptual Design
- Functional Specifications
- Detailed Design
- Project Approval
- Project Execution
- Engineering Change Management
- Quality Audits
- Operating Plans
- Commissioning
- Decommissioning
- Disposal
Approach:
The LCE subject matter expert will work closely with the client to:
- Develop the process to strategically analyze and prioritize deployment of capital
- Guide a project through a defined set of reviews and check points to ensure all stakeholder requirements are being considered and included in the project
- Identify the required steps for commissioning and project hand-off to operations
- Insure that the end-of-life processes are in place for decommissioning and disposal of the assets
Deliverables:
- Strategic Capital Plan
- Capital Project Management Processes
