Project Management

Developing a Business Case to Modularize for Capital Projects

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Premium Content
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Sign up for PMI Membership to view this on-demand webinar and get unlimited access to our library of webinars, time-saving templates and more.
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61m 54s
Duration
1.00
PDUs
6,947
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Overview

The future of capital project execution includes the implementation of modularization methods. Modularization is an execution strategy that has been gaining acceptance across industries in countries that historically assumed there were no cost benefits. Companies are now implementing modularization on projects not only just for the reduced capitals costs but to also take advantage of the many other benefits modularization can bring to a project or program. In order to effectively develop a business case for modularization your will need to understand and align on the projects modularization business drivers that support the business case, understand the technical considerations and constraints that may impact how much modularization you can incorporate on your project, develop the module concept and perform both a cost and risk analysis. Once these elements are defined, there will be sufficient data to decide what level of modularization is justified for your project and provide a business case for modularization to executive management. This webinar will discuss the requirements that companies will need to develop an effective modularization business case that will complement the overall project business case.

 

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