The magic recipe for predictable project delivery includes a project sponsor who understands and champions Predictability Thinking™ at all levels. Sponsors can achieve this by collecting experience in all aspects of capital project delivery, or they can achieve it by making a conscious effort to study and understand it.
Now, more than ever, capital project leaders need a comprehensive understanding of capital project delivery models, and they need to master Predictability Thinking to succeed. Here’s why.
In construction capital projects, Workface Planning is the organization of field execution around the creation of fully resourced packages of work that can be executed by a single construction crew in a discrete period of time, typically five to 10 day or around 1,000 hours. These blocks of work are called Installation Work Packages (IWPs), and here’s an introductory guide to how and when to implement them.
An Engineering Work Package (EWP) is a diverse set of engineering deliverables that are assembled to support a specified scope of construction work. They typically form the basis of Construction and Installation Work Packages, and so they’re a foundational component of the Advanced Work Packaging process. Here’s how to do it right.
Having a Path of Construction (PoC) is like having a GPS in your car: You know your critical path, but the PoC will show you precisely how you’ll get there. Discover the four simple steps to creating a powerful PoC that will help you deliver your project on-time and on-budget. »
A Path of Construction is a document that explains how you are going to build your capital project in the field, and how engineering and procurement deliverables will support that effort in a timely fashion.
For centuries, it seems that our industry has operated on the unspoken assumption that “in chaos lies profit.” It worked for a long time, when commodity prices were high and transparency minimal. But chaos won’t work anymore.
Veteran capital project manager Arno Jansen traces the origins of the project predictability movement, explores the current state of affairs and looks to the future, where he considers which organizations are set up to thrive, and why.
Capital project costs can be a powerful diagnostic tool. From the very outset, they can help you understand whether you’re on track to deliver your project on-time and on-budget. Here’s how.
Discover how your org chart and contracting strategy are undermining predictability — and how you can fix them.
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