Capital projects drive growth for oil and gas, energy, and chemical companies. Capital project returns in energy and chemicals depend on creative conceptualization, rigorous risk and decision analyses, technology choice and integration, and safe, timely, and cost-effective execution. For larger companies, value also depends the effective management of their portfolio of capital projects.
At the capital project planning stage, ADI Analytics can help clients maximize lifecycle returns and reduce risks in three ways. First, we analyze the business case for its strategic and operational impacts. Second, ADI Analytics evaluates project choices and configurations using a common methodology to identify best option. Finally, our team can assess technology licensors, equipment vendors, and EPC contractors and contracting and procurement strategies based on the project configuration and client resources and capabilities.
Once projects are underway, our team can help improve safety, timeliness, and cost-effectiveness by (1) developing and implmenting project controls and monitoring dashboards, (2) developing strategies to manage stakeholders such as contractors, licensors, and vendors, (3) advising the technical and operational teams on best practices in lean engineering and construction for accelerated completion and start-up, and (4) conducting due diligence on project readiness to complement owners’ engineers.
Finally, ADI Analytics can help clients with managing their portfolio of capital projects by (1) developing or strengthening the project development process with clear strategy-driven criteria, work flows, budgets and value estimation tools, and document templates, (2) formulating portfolio-centered analytics and dashboards to monitor and manage projects, and (3) creating playbooks to improve value at each step of the project from conception to start-up.
Relevant projects include the following:
- Coached refinery VPs on best practices in capital projects
- Designed org to manage small capital projects for E&P player
- Supported licensor selection with rigorous analytics for refiner
- Benchmarked E&P firm process to reveal gaps costing $50M annually