Capital Projects Can Be Challenging.
Capital Projects Can Be Challenging.
KEEPING AHEAD OF WHAT MATTERS MOST IS CRUCIAL.
“The things that matter most, strategy, money and people.”
(Industrial Mega Project, Merrow 2011)
Focus on what matters most
There are a lot of moving parts, conflicting issues, uncertainties and risks.
Identify what matters most by addressing the whole project, scope and strategy while incorporating risk with capital cost and schedule.
- Scope
- Strategy
- Uncertainty
- Risk
Project Control
Although skills are readily available in the marketplace, ownership is essential for a thorough understanding of inherent risks, uncertainties, and the factors driving cost. The Owner is in the best position to drive value, as they need a full understanding of cost drivers.
Project performance improves when the Owner takes ownership of estimating and risk management processes, sets expectations for schedule, cost management, and control.
Roctate has the expertise to enable the Owner to lead estimating, risk management, and Project Controls throughout execution, focusing on value-added actions.
IDENTIFY
Identify sources of uncertainty
Address ambiguity that is the source of concern
Clarify the source of uncertainty in the current context
QUANTIFY
Establish order of magnitude range to test significance
Refine estimates for significant issues
Foster common understanding for better decision making
CONTROL
Review options to handle uncertainty
Establish preventative and mitigating controls
Allocate financial and managerial responsibility
Create and preserve value.
Create and preserve value.
Roctate Control
Decisions taken earlier on in project development add greater value for a lower investment, and late changes are costly.
Building a complete understanding of what drives value is essential. However, that understanding is only as reliable as the information it is based on. Identifying what is missing and what matters most drives success.
Managing risk is crucial and should be embedded at every phase, proactively questioning the underlying basis, identifying any cause for concern and evaluating the impact.
Intelligent estimating quantifies the scope and incorporates project-specific pricing and productivity data to understand total cost from the outset. Planning aligns stakeholders around strategic objectives, mapping out a basic timeline, while scheduling expands on what, where, when, and who to ensure the timeline is realistic and achievable.
We gain optimum control when these elements are integrated to establish a solid baseline against which performance can be consistently measured.
The tools we employ are helpful but are more effective when we fully understand what they tell us. Roctate knowledge and experience brings clarity to complex projects and support owners in making the right decisions at the right time, from scope and strategy definition through execution.
ENGAGE ROCTATE THROUGH YOUR ENTIRE PROJECT LIFECYCLE FOR IMPROVED CERTAINTY.
Your Capital Model Deserves a Solid Foundation.
Maximize value and minimize risk by making informed decisions early in the process — ensure every phase of your project drives success.
