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AVEVA ProCon: The 4P's for Building a Successful Capital Asset

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The key to managing the unique world of complex projects

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AVEVA ProCon: The 4P's for Building a Successful Capital Asset

  1. 1. The 4P’s for Building a Successful Capital Asset The key to managing the unique world of complex projects
  2. 2. MEET THE SPEAKERS Jim Pearson Contracts Manager, Global at ConocoPhillips Company E: James.Pearson@conocophillips.com 1 Jack Leahey VP of Global Sales & Services at 8over8 E: j.leahey@8over8.com 2 Andy Aston Senior Vice President at Turner & Townsend E: Andy.aston@turntown.com 3 David Strickland Associate, King & Spalding E: James. DStrickland@KSLAW.com 1 The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016 Paul Capos Procurement and Contracts Manager, Worley Parsons E: Paul.Capos@WorleyParsons.com 1
  3. 3. Because risk and uncertainty increase with the size of a project the most important focus for operators should be their relationships with their contractors. DISCOVER THE 4P’S IN TODAY’S SESSION. We will discuss the ‘4 Ps’ that experienced practitioners have found to be fundamental when building the relationships that build a successful capital asset: • Be Professional • Be Pragmatic • Be Proactive • Be Personable What will be covered? The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016
  4. 4. According to Bloomberg, only 20% of capital projects are completed within budget and on time The challenge… “ “ …because relationship management is the most effective way to reduce claims and overruns it makes a significant contribution to your bottom line… We need to change the way we manage complex projects. The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016
  5. 5. BE PROACTIVE Systems & Processes Anticipate next actions Identify problems & opportunities BEPRAGMATIC BE PROFESSIONAL BE PERSONABLE Claim management Technology Process People Analytics Project scheduling/planning Project delays The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016
  6. 6. 4 P’s to success… BE PROFESSIONAL “ “…every time a clarification or amendment is made to the specification or a drawing, it is important that both parties record any impact, and agree the consequences…” The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016
  7. 7. …it is important not to lose sight of the overall commercial objective of the project, and the earlier a dispute is resolved the cheaper it is to fix.… 4 P’s to success… BE PRAGMATIC “ “ The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016
  8. 8. The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016 A project stands or falls on the strength of its relationships… 4 P’s to success… BE PERSONABLE “ “
  9. 9. The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016 …at the end of the day, billion dollar projects can’t rely on instructions that are picked up on the grapevine..… 4 P’s to success… BE PROACTIVE “ “
  10. 10. BE PROACTIVE Systems & Processes Anticipate next actions Identify problems & opportunities BEPRAGMATIC BE PROFESSIONAL BE PERSONABLE Claim management Technology Process People Analytics Project scheduling/planning Project delays The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016
  11. 11. The 4 P's for building a successful capital asset | AVEVA ProCon | Copyright © 2016 CONTACT THE SPEAKERS Jim Pearson Contracts Manager, Global at ConocoPhillips Company E: James.Pearson@conocophillips.com 1 Jack Leahey VP of Global Sales & Services at 8over8 E: j.leahey@8over8.com 2 Andy Aston Senior Vice President at Turner & Townsend E: Andy.aston@turntown.com 3 David Strickland Associate, King & Spalding E: James. DStrickland@KSLAW.com 1 Paul Capos Procurement and Contracts Manager, Worley Parsons E: Paul.Capos@WorleyParsons.com 1
  12. 12. © 2016 8over8, an AVEVA Group company. All rights reserved. All trademarks herein are the property of their respective owners. 8over8 and the 8over8 logo are trademarks of 8over8.

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