Chemical Engineering October 2015 - 15

It's time to
LOOK AT PROJECTS DIFFERENTLY
Looking for a way to avoid unforeseen and unrecoverable risks, budget overruns, schedule slippage, and unreliable partners?
With Emerson's global project services team providing guidance, you will reduce cost and schedule risk throughout the project.
PROJECT SCHEDULE RISK
$135
AT RISK 56%
million
INEFFECTIVE
communication
For every $1 billion spend on a capital project, $135
million is at risk. 56% of that ($75 million) is at risk due
to ineffective communication.
-2013 Pulse of the Profession, Project Management Institute.
40 percent of projects in the oil and
gas industry are subject to budget
and schedule overruns.
-Capital Project Execution in the Oil and Gas Industry.
M. McKenna, H. Wilczynski, D. VanderSchee. 2006 Booz
Allen Hamilton survey from 2006 of 20 companies
(super-majors, independents and EPC firms).
30%
budget & schedule
OVERRUNS
40%
PERSONNEL
anticipated value
DISAPPEARS
Up to 30 percent of anticipated value
disappears during the turnover/
commissioning and ramp-up
phases of new asset lifecycles.
-Deloitte. Effective Operational Readiness of Large
Mining Capital Projects - Avoiding value leakage in
the transition from project execution into operations.
Article, 2012.
Good front end
20%
cost savings
39%
schedule
REDUCTION
planning leads to as
much as 20% cost savings
and 39% schedule reduction
for total project design
and construction.
-Construction Industry Institute: Adding Value Through
Front End Planning. CII Special Publication 268-3.
50%
67
TO
It takes an average of six to seven years to develop
new employees into autonomous petrotechnical
professionals who can make non-standard, original
technical decisions.
YEARS
expected to
RETIRE
50% of experienced and managerial
personnel in national and international oil
gas processing companies are expected to
retire in the coming decade.
-Society of Petroleum Engineers, " The Great Crew Change:
A Challenge for Oil Company Profitability " , April 16, 2011.
Bring the most complex projects to
SUCCESSFUL IMPLEMENTATION
www.emersonprocess.com/projectcer tainty
EMERSON. CONSIDER IT SOLVED.
-2010 SBC Oil & Gas HR Benchmark, Schlumberger Business Consulting Energy
Institute, March 2011.
ChemiCal engineering www.Chemengonline.Com oCtober 2015
PS_AD_PAD_Infographic_PerfectExec_7x10_ChemicalEngineering.indd 1
65% 35%
projects over $1B
around the world
FAIL
projects under $500M
FAIL
A project is considered to have failed if the schedule slips or the project
overspends by more than 25%, the execution time is 50% longer, or there are
severe and continuing operational problems into the second year of the project.
-Speed Kills, Klaver, Ali. 2012 Project Manager Magazine.
15
5/5/2015 3:16:56 AM

http://www.emersonprocess.com/projectcer http://www.Chemengonline.Com

Chemical Engineering October 2015

Table of Contents for the Digital Edition of Chemical Engineering October 2015

Contents
Chemical Engineering October 2015 - Cover1
Chemical Engineering October 2015 - Cover2
Chemical Engineering October 2015 - Contents
Chemical Engineering October 2015 - 2
Chemical Engineering October 2015 - 3
Chemical Engineering October 2015 - 4
Chemical Engineering October 2015 - 5
Chemical Engineering October 2015 - 6
Chemical Engineering October 2015 - 7
Chemical Engineering October 2015 - 8
Chemical Engineering October 2015 - 9
Chemical Engineering October 2015 - 10
Chemical Engineering October 2015 - 11
Chemical Engineering October 2015 - 12
Chemical Engineering October 2015 - 13
Chemical Engineering October 2015 - 14
Chemical Engineering October 2015 - 15
Chemical Engineering October 2015 - 16
Chemical Engineering October 2015 - 17
Chemical Engineering October 2015 - 18
Chemical Engineering October 2015 - 19
Chemical Engineering October 2015 - 20
Chemical Engineering October 2015 - 21
Chemical Engineering October 2015 - 22
Chemical Engineering October 2015 - 23
Chemical Engineering October 2015 - 24
Chemical Engineering October 2015 - 25
Chemical Engineering October 2015 - 26
Chemical Engineering October 2015 - 27
Chemical Engineering October 2015 - 28
Chemical Engineering October 2015 - 29
Chemical Engineering October 2015 - 30
Chemical Engineering October 2015 - 31
Chemical Engineering October 2015 - 32
Chemical Engineering October 2015 - 33
Chemical Engineering October 2015 - 34
Chemical Engineering October 2015 - 35
Chemical Engineering October 2015 - 36
Chemical Engineering October 2015 - 37
Chemical Engineering October 2015 - 38
Chemical Engineering October 2015 - 39
Chemical Engineering October 2015 - 40
Chemical Engineering October 2015 - 41
Chemical Engineering October 2015 - 42
Chemical Engineering October 2015 - 43
Chemical Engineering October 2015 - 44
Chemical Engineering October 2015 - 45
Chemical Engineering October 2015 - 46
Chemical Engineering October 2015 - 47
Chemical Engineering October 2015 - 48
Chemical Engineering October 2015 - 49
Chemical Engineering October 2015 - 50
Chemical Engineering October 2015 - 51
Chemical Engineering October 2015 - 52
Chemical Engineering October 2015 - 53
Chemical Engineering October 2015 - 54
Chemical Engineering October 2015 - 55
Chemical Engineering October 2015 - 56
Chemical Engineering October 2015 - 57
Chemical Engineering October 2015 - 58
Chemical Engineering October 2015 - 59
Chemical Engineering October 2015 - 60
Chemical Engineering October 2015 - 61
Chemical Engineering October 2015 - 62
Chemical Engineering October 2015 - 63
Chemical Engineering October 2015 - 64
Chemical Engineering October 2015 - 65
Chemical Engineering October 2015 - 66
Chemical Engineering October 2015 - 67
Chemical Engineering October 2015 - 68
Chemical Engineering October 2015 - 69
Chemical Engineering October 2015 - 70
Chemical Engineering October 2015 - 71
Chemical Engineering October 2015 - 72
Chemical Engineering October 2015 - 73
Chemical Engineering October 2015 - 74
Chemical Engineering October 2015 - 75
Chemical Engineering October 2015 - 76
Chemical Engineering October 2015 - 77
Chemical Engineering October 2015 - 78
Chemical Engineering October 2015 - 79
Chemical Engineering October 2015 - 80
Chemical Engineering October 2015 - 81
Chemical Engineering October 2015 - 82
Chemical Engineering October 2015 - 83
Chemical Engineering October 2015 - 84
Chemical Engineering October 2015 - 85
Chemical Engineering October 2015 - 86
Chemical Engineering October 2015 - 87
Chemical Engineering October 2015 - 88
Chemical Engineering October 2015 - 89
Chemical Engineering October 2015 - 90
Chemical Engineering October 2015 - 91
Chemical Engineering October 2015 - 92
Chemical Engineering October 2015 - 93
Chemical Engineering October 2015 - 94
Chemical Engineering October 2015 - 95
Chemical Engineering October 2015 - 96
Chemical Engineering October 2015 - 97
Chemical Engineering October 2015 - 98
Chemical Engineering October 2015 - 99
Chemical Engineering October 2015 - 100
Chemical Engineering October 2015 - 101
Chemical Engineering October 2015 - 102
Chemical Engineering October 2015 - 103
Chemical Engineering October 2015 - 104
Chemical Engineering October 2015 - Cover3
Chemical Engineering October 2015 - Cover4
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https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-november-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-october-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-september-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-august-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-july-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-june-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-may-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-april-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-march-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-february-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-january-2020
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-december-2019
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-november-2019
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-october-2019
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-september-2019
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-august-2019
https://www.nxtbook.com/accessintelligence/ChemicalEngineering/chemical-engineering-july-2019
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