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Executing Small Capital Projects

Event Date
Jul 31, 2001
Type
Conference Presentation
Research Team
RT-161
Slides
25
Topic
Executing Small Capital Projects
DOCUMENT DETAILS
Abstract
Filters & Tags
Abstract
Successful small project execution is important as 40-50% of industry capital budgets are spent on small projects. The average CII company plant spends $25 to $30 million on small capital projects.   Small projects, as defined by this research, are projects with a total installed cost range of $100,000 to $2,000,000. Small projects are typically focused on increasing production capacities, improving product quality, improving efficiencies, and maintaining plant functionality for continued operation and production.  Small project success can be achieved by:    1.  Front end planning that incorporates project checklists   2. Core project teams that can improve schedule and decrease the funding approval cycle   3. Standard written processes specifically geared to small projects   4. Maintenance projects that are combined with a small capital projects program   5. Alliances and preferred supplier agreements
Filters & Tags
Knowledge Area
Business and Project Processes, Project & Program Management
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Project Controls, Procurement & Contracts, Construction, Commissioning & Startup, Operations & Maintenance, Health, Safety & Environmental, Risk Management, Quality Management, Business Development & Proposals
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Executing Small Capital Projects
Keywords
Small Project Execution, Front-end Planning, Project Checklists, Maintenance Projects, Small Project Written Processes, Preferred Supplier Agreements, Program Management, Small Project Organization, Continuous Improvement, Change Management, Project Controls, rt161

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