Emerson's John Dolenc presented on how to justify your automation project at the 2018 Emerson Exchange conference. He shared justification methods to identify operational improvements and estimate the financial impact. He opened on where to look within operations,...
project justification
No more rolling the dice when accessing project cost and risk. Why not try a crystal ball?
Emerson's Gordon Lawther shared ideas in project cost estimation and risk assessment. His abstract:Every company has a method to estimate cost and access risk when compiling a business case. In many instances the data resides in a spreadsheet containing line item...
Don’t Corner Yourself with an Automation Obsolescence Justification
Recently, when Emerson's John Dolenc was in Austin, we had one of those hallway conversations about automation modernization projects. He shared a paper he'd written a few years back that contained many of his thoughts on modernization project justification. The paper...
Estimating the Financial Benefits in Variability Reduction
I received an email from a university student with a great question the other day. It prompted a great answer from Pete Sharpe, a Principal Advanced Automation Consultant. You may recall Pete from earlier posts on process optimization. I've retained the anonymity of...
Finding the Economic Buckets of Project Justification
Engineers being the problem solvers that they are, typically enjoy a project in full execution mode. Problems must be quickly confronted and solved to keep everything moving forward. As we've mentioned in earlier posts, the part they typically like least is the...
Recommendations for Justifying Capital Projects
As reported in the DeltaV News RSS feed recently, Automation World magazine's C. Kenna Amos wrote an article, Getting Projects Approved. I know from my days as a systems engineer, that financially justifying a capital project was not nearly as fun as executing the...
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The opinions expressed here are the personal opinions of the authors. Content published here is not read or approved by Emerson before it is posted and does not necessarily represent the views and opinions of Emerson.