How To Go From Bar Napkin To Successful Capital Project

October 5, 2022 - Author: Chris Arnold, Principal and Managing Director at ACS, Matt Thiel Principal and Director of Facility Planning and Integration

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Successful capital project delivery requires preliminary planning

Successful Capital Project Delivery Requires Preliminary Planning

Seeing capital project delivery through while handling everyday tasks is tough. Doing this while managing everyday work is like balancing on a tightrope. Sometimes, new projects begin as simple ideas on a bar napkin. However, turning these ideas into successful projects requires aligned capital project management tactics.

That’s where strategic, preliminary planning comes into play. Executives, stakeholders, project managers, and end-users need to be aligned to accomplish goals that deliver the expected return on investment. When a project idea is established, all parties need to know how to get from point A to B, but also from point A to Z.

This is where strategic initial project planning becomes crucial. Executives, stakeholders, project managers, and end-users must all be on the same page to achieve goals that yield the anticipated return on investment. Once a project concept is established, all stakeholders must grasp the path from initiation to completion, encompassing not just the initial steps but the entire journey toward achieving the project’s goals.

Large-scale facility endeavors often entail significant financial investments, potentially reaching tens or even hundreds of millions of dollars. Companies that commit to documenting and refining a project plan from the outset can effectively establish priorities and secure initial agreement, ultimately ensuring adherence to budget, timeline, and quality standards.

In the article published by Facility Executive, “How To Go From Bar Napkin To Successful Capital Project,” Chris Arnold, Managing Director, ACS Michigan, and Matt Thiel, Director, Integration Engineering, outline six steps to a successful capital project delivery:

  1. Recognition of needs
  2. Identifying a champion
  3. Develop a business case
  4. Project execution
  5. Handover
  6. Lessons learned

By adhering to these six key steps in the preliminary planning process, companies can pave the way for a successful project kickoff, flawless execution, an easy handover to users, and ultimately, the creation of a functional facility that fulfills business objectives—while also mitigating disruptions to daily operations.

Read the full article here.