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Project Value Improvement Strategies

This module provides an overview of project value improvement and the minimum technical solution approach. It discusses how opportunities to drive value evolve over a project's lifecycle from the asset owner and EPC perspectives. The module covers identifying activities in a project value improvement process and applying a 5-step minimum technical solution approach to distinguish must-have vs. nice-to-have elements and evaluate design alternatives to reach an optimal technical solution. Participants found applying the minimum technical solution concept and real-life examples to be useful for optimizing project value at different stages.

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Syebastian Petrus
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62 views1 page

Project Value Improvement Strategies

This module provides an overview of project value improvement and the minimum technical solution approach. It discusses how opportunities to drive value evolve over a project's lifecycle from the asset owner and EPC perspectives. The module covers identifying activities in a project value improvement process and applying a 5-step minimum technical solution approach to distinguish must-have vs. nice-to-have elements and evaluate design alternatives to reach an optimal technical solution. Participants found applying the minimum technical solution concept and real-life examples to be useful for optimizing project value at different stages.

Uploaded by

Syebastian Petrus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Project Value Improvement

Module overview

What to get out of this module? What do participants say?

Learn how to maximize value during different phases of project definition and execution “We found it really useful to
(asset owner vs. EPC/E&C view of value) understand all levers to
improve the value of a
Understand Minimum Technical Solution approach as a lever to optimize project value project for us with the
looking at practical tips to implement it in different project context and stages opportunity to practice with
real case examples that
enhanced our experience of
the session”
What do we cover in this module?
“I am surprised by the
Project Value Improvement
simplicity and effectiveness
 Opportunities to drive value and how that evolves over project lifecycle of the concept of the Minimum
Technical Solution approach,
 Concept check – identification of activities during a PVI process
starting from the must have
elements to then find an optimal
Minimum Technical Solution (MTS) solution; I will definitely apply
 5 step process to reach to a MTS it going forward!”
 Must have vs. Need to have in a technical solution
“Project Value Improvement
 Evaluate design alternatives during the design process module refreshed our minds
 Reaching a MTS solution with the crucial aspects to
take into account when
 Real-life practice – car purchase process & irrigation system project trying to optimize value
creation at every stage of
the project”

McKinsey & Company 3

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