Thoughts and Insights on Business Excellence in the Energy and Heavy Process Industries
“Is that a Project Management activity or a Change Management activity?”
There have been many initiatives taken on by the majors in recent years. As margins eroded and began impacting overall performance, the imperative to get “fit” has finally become reality in the inner sanctum of the C-suite.
n the first blog post on Integrated Planning we talked about IAP’s roots. In this entry we are going to talk about what feeds those roots. IAP can be considered the Operational – or Execution – end of the business unit’s strategy. It is, in essence, the Operational Strategy.
Major capital project execution is a huge driver of enterprise capital efficiency in terms of controlling costs while meeting development objectives on time. Major capital projects include green field site developments, major expansions or de-bottlenecking projects, reservoir exploration and development, and major turnarounds.