The effectiveness of a small project system is directly related to project portfolio management, engagement of key plant stakeholders (e.g., operations and maintenance), and implementation of best practices. These practices enable consistent delivery of high-value projects in the portfolio. VCAP leverages several diagnostic tools to analyze value generation, capital expenditure, lost profit opportunity, and organizational efficiency. These tools benchmark a plant’s project portfolio and its overall capital expenditure.
Optimal Project Portfolio Management (PPM) enables pursuing high-value projects. Moreover, PPM helps organizations prioritize projects according to plant KPIs and focus project efforts accordingly. VCAP provides a comprehensive assessment of PPM practices, along with best practices for defining and executing small projects. Practices that work for large projects are often not applicable to small capital projects. Hence, VCAP was specifically developed for plant-based project systems to address the drivers of small project performance.
AP-Networks’ senior associates are uniquely qualified to execute VCAP. Our professional team provides your company with an objective, independent perspective on strategic decisions and tactical activities needed to consistently deliver high-value small projects. We use state-of-the-art tools and a tried-and-true, proprietary method—the Projects System Pyramid.