http://www.endeavormgmt.com
July 27, 2015 Ishrat Khan

Capital Project Effectiveness

Capital Project effectiveness

 

Endeavor Management’s View of the Market Issue

Effectiveness of developing and delivering capital investment is diminishing as measured by the realization of project goals and return on capital employed. Why? Endeavor Management views the inability to meet production promises in recently completed projects can be attributed to the lack of experience of teams and leadership capability, project processes that are too complicated and prescriptive, and late recognition of erosion in preserving and delivering the project economics that initially justified the project. Key remedies for this are realistic business promises, rigorous vetting and approval of changes and alignment between stakeholders throughout the life of the project.

This may be time for a 3rd party view and assistance to drive improvement and provide a realistic approach.

Endeavor Management has an experienced Project Effectiveness team with a dual focus on the “hard” and “soft” aspects – structure (process/technical) and people (leadership and teamwork) elements. This can be implemented side-by-side with organizations and teams such as the asset owner, stakeholders, and supporting service and contractor groups.
The approach is grounded in the premise of effectively delivering results through a focus on simplification and essentialism.

The approach considers 10 essential areas of focus categorized in 3 groups: Capability, People and Delivering to Goals.

 

EM-Approach-inforgraph

Endeavor Management uses a multistep service delivery model sequenced as Frame, Discover, Analyze, Design and Implement. The Project Effectiveness Team combines the Frame, Discover and Analyze steps into a concentrated Step 1 called an Assurance Review followed by Step 2 – Design, Step 3 – Implement and Step 4 – Sustain.

Step 1 – Assurance Review: Endeavor Management will collaborate with the client to define the objectives and scope of an Assurance Review in three focus groups: Project Capability, People and Delivering to Goals. The review may target a function or organization supporting project development and delivery, a singular project that may be in any phase of delivery, a specific functional element (reservoir, drilling, wells, facilities, operations) of a project(s), or a unique issue.

Step 2 – Design: Depending on areas of strength and weakness discovered in the review, Endeavor Management will analyze findings, offer recommendations, design solution options, and define an implementation approach.

Step 3 – Implement: This may include direct support to the project team or operations group through filling knowledge gaps, facilitation and coaching.

Step 4 – Sustain: Test sustainability of the solution through a follow-up assessment at next phase of project to test effectiveness of solution implementation.


Endeavor Management colleagues have:

  • Practical and relevant Project Management and Organizational Change experience derived from direct industry project involvement for each of the areas of focus.
  • Project delivery experience in oil and gas and plant process facilities in most global locations including frontier regions.
  • Understanding, though prior roles with direct delivery accountability, of capital project issues related to complexity, scale and geographic locale.
  • Direct delivery accountability for capital projects that included implementation of emerging and newer technology.
  • Practical-based organizational alignment and executive coaching experience as a result of prior roles the in oil and gas industry.

You get only the experience of those that have been there and done that. The Endeavor Management Project Effectiveness Team members are practitioners each with over 30 years of direct experience in a project driven organization and environment in the Oil and Gas and Petrochemical industries. We can relate and empathize with your project and organization environments.

Endeavor Management Philosophy and Methodology:

Proven and valued methodologies are the backbone of quality delivery.

Benefit Derived:

  • Immediate and longer term impacts based on practical experience.
  • Improved certainty in achieving the project goals by providing unique visibility and unbiased alternatives based upon real experience delivered with confidence.

Practical proven solutions that can be implemented and directly address the essential issues.

Economic and Organizational Value Achieved:

  • Improvement in facility lifecycle ROI.
  • Organizational transformation that is sustainable.

Continually focused on stakeholder return, leave behind lasting improvement – meaningful value, and sustainability.


Alignment: Construction Driven Planning and Work Packaging

Capital project owners and supporting EPC contractors and software / service providers are coalescing on construction-­‐driven engineering as a means to dramatically reduce the cost of capital projects. Supported by IPA, CII’s Advanced Work Packaging research and Fiatech’s Productivity Improvement efforts, Owners are engaging with EPCs, plant design and construction software providers, and materials management solution providers to revolutionize capital effectiveness by moving from a document-­‐centered, deliverable-­‐based process to a data-­‐centric, end user process. Learn more about our Alignment offering here.

Integration: EPC Contractors and Software / Technology Providers

Capital project owners, engineering, procurement, and construction contractors and supporting service organizations are searching for means to dramatically reduce the cost of capital projects. Owners/ Operators are driving change through contracting strategy, contract language, contract deliverables and performance metrics. In response, EPC companies are striving to attain productivity improvements by utilizing plant design, material management, and construction software and technology platforms. Learn more about our Integration offering here.

Assurance Review 
Endeavor Management collaborates with the client to define the objectives and scope of an Assurance Review in three focus groups: Project Capability, People and Delivering to Goals. The review may target a function or organization supporting project development and delivery, a singular project that may be in any phase of delivery, a specific functional element (reservoir, drilling, wells, facilities, operations) of a project(s), or a unique issue.  Learn more about our Assurance Review Offering here.

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