Owner-led control for complex capital projects
Capital Projects Can Be Challenging.
KEEPING AHEAD OF WHAT MATTERS MOST IS CRUCIAL.
“The things that matter most, strategy, money and people.”
(Industrial Mega Project, Merrow 2011)
Owner-led control for complex capital projects
Roctate is an independent, principal-led consultancy. We help Owner teams strengthen estimating, scheduling, risk analysis and project controls on capital intensive projects.
The Owner must own the basis
The decisions that most influence cost and schedule are made early, under uncertainty. Contractors and consultants bring essential skills; the Owner carries the consequences and must understand what drives them. Roctate works within the Owner team to challenge the basis, integrate cost, schedule and risk, and build the Owner’s capability. The Owner decides.
IDENTIFY
Identify sources of uncertainty
Address ambiguity that is the source of concern
Clarify the source of uncertainty in the current context
QUANTIFY
Establish order of magnitude range to test significance
Refine estimates for significant issues
Foster common understanding for better decision making
CONTROL
Review options to handle uncertainty
Establish preventative and mitigating controls
Allocate financial and managerial responsibility
Create and preserve value.
Create and preserve value.
Roctate Control
Roctate leads and manages estimating, scheduling, risk and project controls to the Owner’s requirements. Early decisions have the greatest influence on value; late changes are costly.
Understanding what drives value depends on the quality of the information behind it. Identifying what is missing, and what matters most, comes first.
Managing risk belongs in every phase: questioning the basis, identifying causes for concern and assessing their impact.
Estimating quantifies the scope, using project-specific pricing and productivity data, to establish the expected cost and its range. Planning aligns stakeholders around the objectives and sets out the timeline. Scheduling defines what, where, when and by whom, and tests whether that timeline can be achieved.
The Owner gains optimum control when these elements are integrated into a single baseline against which performance is measured.
The tools we employ are helpful but are more effective when we fully understand what they tell us. Roctate knowledge and experience brings clarity to complex projects and support owners in making the right decisions at the right time, from scope and strategy definition through execution.
ENGAGE ROCTATE THROUGH YOUR ENTIRE PROJECT LIFECYCLE FOR IMPROVED CERTAINTY.
Your Capital Model Deserves a Solid Foundation.
Maximize value and minimize risk by making informed decisions early in the process — ensure every phase of your project drives success.
