RT-DCC-07

Strategic alignment between business and project teams improves project performance and capital efficiency. RT-DCC-07 developed a Project Capital Efficiency Scorecard to assess the level of implementation of the management processes that affect project capital efficiency. The team accomplished this by researching five steps:

1. Define project capital efficiency and pinpoint capital efficiency key improvement areas.
2. Identify the management processes that affect project capital efficiency.
3. Develop descriptions and assessment questions for these management processes.
4. Assess the relative importance of each management process and its respective assessment questions.
5. Develop the Project Capital Efficiency Scorecard.
    

The team identified 28 management processes that, if implemented effectively, improve Project Capital Efficiency. The team then used surveys to identify the relative importance of these management processes and developed a scoring method to create a scorecard. The resulting Project Capital Efficiency Scorecard can be used to assess the implementation level of these 28 management processes and produce a Project Capital Efficiency score. It will also provide individual scores at the management process level, so the business team and the project team can capture strengths and gaps in their collaborations. By using the Project Capital Efficiency to assess these management processes and address gaps, business teams and project teams can achieve strategic alignment when they develop competitive capital projects and optimize the return on investment.