James B. Porter, Jr., Principal Consultant for DuPont Safety Resources, discusses project best practices and how to deploy them. For more visit, http://chenected.aiche.org

1. Capital Project Best Practices “ More Construction for Your Money” Jim Porter

5. Differential Capital Allocation R O I C - Drive Earnings/Cash - Manage Share - Grow Modestly - Renew or - Maximize SVA - Maximize SVA - Shrink Investment - Time Exit/Participation - Grow Aggressively - Expand Customer Base - Innovate - Encourage/Track Closely - Manage Margin Improve - Expand Customer Base - Nurture and Grow - Make the Calls Support Facilities Growth (Historical Potential )

6. BUSINESSES E N G I N E E R I N G WHAT WHEN WHERE • Businesses Lead Cross Functional Project Teams to Do FEL and Determine “What, When, Where and How Much.” • Engineering Develops the Most Competitive “How and Who” and Supports FEL and Project Execution. • Requires Mutual Accommodation and Collaboration to a Higher Degree than Ever Before. Project Work Processes How Much How Who

7. Seven Critical Success Factors 2: Manage Teams for Success 6 : Ensure SHE Excellence 1 : Set Up Teams for Success 3 : Front-End Load Opposite Business Goals 7 : Execute Project With No Changes 4: Utilize Competitively Superior Technologies 5 : Minimize Non-Value Adding Investment How? Project Timeline

8. Delivery Effectiveness Strategy Shift From Coopetition Leveraged Resources Contractors/Suppliers Operations Resources To Collaboration Operations Resources Leveraged Resources Contractors/ Suppliers