Rethink Your Capital Project Execution Plan (PEP)
- Velocity Quarterly | Olfa Hamdi
- Dec 18, 2017
- 1 min read
Article initially published at Velocity Quarterly
Get total clarity and unrivaled project efficiency with a live, up-to-the-minute Project Execution Plan deliverable (PEP), hosted in the cloud.
Old-school capital project execution plans are developed in the early stages and are often written by contractors who don’t know if they’ll even execute the project themselves -- or if they’re just laying the groundwork for a rival firm. These plans are usually template-based documents that are already out of date by the time they come back from the printer and once approved, many functions as little more than doorstops. Fortunately, there’s a better way to do them.
The linked article shows that owners and EPC contractors need to pay more attention to the PEP, and transform it into a live document that functions as the single source of truth on a project, from beginning to end. A live PEP is a key to managing complexity and to more efficient, cost-effective construction on major capital projects.
Ready to get started with a live PEP?
Concord Project Technologies developed T-CON™ to help companies accelerate project performance. Our purpose-built, cloud-based capital project platform can support your live PEP and ensure your complex project delivery reliability through the application of the principles of the single source of truth in project technology.
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