Value & Competitiveness Assessment of Plant-Based Projects (VCAP)

Driving Value From Plant-Based Projects

Plant-managed projects are typically capital-intensive projects, and few process plants obtain full value from capital expenditures on small projects. Even fewer get predictable, dependable project outcomes. Despite clear opportunities to improve the value of plant-based project systems, small projects generally receive little attention—or misguided direction—from improvement tools and benchmarking better suited to large projects.

To address Industry’s need to obtain consistent value from small projects, AP-Networks developed the Value and Competitiveness Assessment of Plant-Based Projects (VCAP). This assessment uses structured tools to analyze a facility’s project system and chart an actionable roadmap to consistent, measurable project value. The VCAP program establishes a performance baseline, implements improvement plans, and enables performance monitoring. Our expert associates provide recommendations and support in implementing proven solutions.

Our Approach To Value & Competitiveness

The effectiveness of a small project system is directly related to project portfolio management practices, engagement of crucial plant stakeholders (e.g., operations and maintenance), and implementation of best practices. This three-fold approach is how we help you consistently deliver high-value small projects.

Optimal Project Portfolio Management (PPM) enables the pursuit of high-value projects. Moreover, PPM helps organizations prioritize according to plant KPIs and focus efforts accordingly. VCAP provides a comprehensive assessment of PPM practices, along with best practices for defining and executing small projects. These best practices enable consistent delivery of high-value projects in the PPM.

VCAP also leverages several diagnostic tools to analyze value generation, capital expenditures, lost profit opportunities, and organizational efficiency. These tools benchmark a plant’s project portfolio and its overall capital expenditures.

Lastly, practices that work for large projects are often not applicable to small capital projects. VCAP was developed expressly 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 for consistently delivering high-value small projects.

The Benefits Of VCAP

• Higher business value projects with minimal impact on operations
• More predictable and competitive projects
• Improved plant alignment and team integration
• A foundation for long-term continuous improvement
• Higher ROI from the project portfolio