Leveraging Corporate Knowledge to Improve Project Performance

The petro-chemical industry invests billions annually in new technology, IT solutions and work processes to reduce capital costs, improve cycle time and operability.  Unfortunately, these investments do not always pay off.  An often overlooked area, however, that can yield large benefits at low costs is the development of a corporate wide process that uses internal project experience and transfers that knowledge into new projects.  This paper details how AP-Networks worked with a large petroleum company to help implement and maintain a company wide capital projects database that is central to increased shared learning and improved capital productivity across the company.