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Posts Tagged ‘project justification’

Justifying Your Automation Modernization Projects

Posted in Modernization, Project Services on Thursday, October 4th, 2018. No comments yet
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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, what data to analyze and how to estimate financial gains. The place to start is finding where […]

No more rolling the dice when accessing project cost and risk. Why not try a crystal ball?

Posted in Modernization, Project Services on Tuesday, October 1st, 2013. No comments yet
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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 values of cost estimates, assumptions, risk factors and contingencies. Invariably the data entries […]

Don’t Corner Yourself with an Automation Obsolescence Justification

Posted in Modernization, Project Services on Thursday, April 2nd, 2009. 2 comments so far
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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 had many pearls of wisdom that I’ll share over the coming months. John had […]

Estimating the Financial Benefits in Variability Reduction

Posted in Process Optimization, Refining on Friday, May 9th, 2008. No comments yet
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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 the person asking the question by editing the question: I am doing […]

Finding the Economic Buckets of Project Justification

Posted in Education, Modernization, Project Services on Wednesday, January 2nd, 2008. No comments yet
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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 upfront justification to get the projects approved in the first place. Emerson’s Pete […]