IPA Newsletter March 2016 (Volume 8, Issue 1)
In this issue:
Determining if You Are Ready to Build
Field problems in process plant projects are increasingly common. IPA’s Construction Readiness Assessment quickly identifies project gaps that should be closed prior to construction mobilization and provides recommendations that help client project teams focus on the most important project execution improvement opportunities.
Avoiding Early Operability Problems
Despite research supporting the importance of production readiness, owner companies have a difficult time figuring out which production readiness activities help projects transition from engineering and construction to operations. IPA’s newest product, the Production Readiness Assessment (PRA), addresses this issue. IPA conducts PRAs to help clients determine what they need to accomplish before startup to ensure that startup and first-year operational goals are achieved.
Restarting Capital Projects the Right Way
Decisions to stop capital projects with the intent to restart them when economic conditions improve are not uncommon. In fact, this project restart approach appears to have become more prominent in the aftermath of the global financial crisis. IPA has evaluated projects of various types and sizes that were stopped and later restarted, and has compiled a list of challenges, lessons learned, and recommendations on successfully restarting suspended projects.
IPA Power Forum at IBC 2016
IPA is hosting a Power Forum in parallel with the 26th annual meeting of the Industry Benchmarking Consortium (IBC). Across the power industry, owner companies have been dissatisfied with their capital project performance and are re-examining the way they organize project delivery and govern capital project commitments. The Power Forum is an opportunity to discuss common issues and exchange ideas specific to capital projects in the power sector.
Also in this issue:
- Gas Plant Cost, Schedule Targeting Trails Industry Average – Development Gaps & Commercial Deal Timing May Undermine Performance
- The Hidden Costs of Our Contracting Choices – Inside the Industry Contracting Strategies for Capital Projects
- The IPA Institute 2016 Public Course Schedule