IPA Newsletter September 2017 (Volume 9, Issue 3)
In this issue:
The Value in Properly Staffing Chemical Project Teams
As most other industrial sectors endure sluggish growth in 2017, the commodity chemical industry continues to experience a revival in project activity. IPA recently surveyed about 30 leading chemical and petrochemical companies on their project organization and teams staffing levels. Owner companies have been downsizing their project organizations for more than a decade and outsourcing critical project functions. IPA research finds that in-house engineering capabilities enable project teams to deliver more effective projects.
Improving Project Controls Competency: 3 Common Barriers Organizations Need to Overcome
The capital projects Industry is stuck in a rut in terms of design and project controls use. Owner companies appear to recognize the importance of project controls, as planning for their use during the development of capital projects has increased some over the last few years. Unfortunately, owners are making no progress implementing project controls practices or strengthening their project team project control competency, thereby risking significant project execution cost growth and schedule slip.
IPA and Newmont Host Mining Project Benchmarking Forum in Toronto
The event is designed to offer a select group of mining industry executives the opportunity to share ideas about common ways to improve the effectiveness of capital projects in the mining industry through benchmarking Key Performance Indicators (KPIs) and evaluating project system efficiency and execution practices.
E&P Owner Companies Gather to Examine Drivers of Capital Project Competitiveness
The Upstream Industry Benchmarking Consortium (UIBC) will gather for its annual meeting November 13-15, 2017, at the Lansdowne Resort in Leesburg, Virginia. A chartered, voluntary association of owner firms in the petroleum, exploration, and production industry, the UIBC supports the continuous improvement of E&P asset development systems. Four new IPA-led research studies will be presented at UIBC 2017.
IPA’s Ed Merrow to Present at Oil & Money 2017 Conference in London
At Oil & Money 2017, a high-profile global energy conference co-hosted by The New York Times and Energy Intelligence, IPA Founder and President Ed Merrow will speak at an Executive Forum about the oil industry’s struggles with project execution and whether recent capital project cost savings can be sustained. Merrow will speak at the conference on October 18.