CONFERENCE HIGHLIGHTS

230 delegates
15 countries
35% refineries and petrochemical plants
60% regular attendees
94% satisfaction rate
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Downstream Project Management 2018 took place on 4-5 October in Frankfurt in partnership with BASF. Central themes of the conference included oil refining – petrochemical integration, large project challenges, and maximum capital project performance.

BEST PRACTICES AND REAL CASE STUDIES

MAJOR PROJECT OWNERS ATTENDING

2 BRAINSTORMING STREAMS: EUROPE & CIS

AUDIENCE PROFILE

25% Project Owners
22% EPC / Construction
17% Technology & Service
16% Others
14% Equipment
6% Licensors

KEY TAKEAWAYS

KOEN VERMELTFOORT Partner MCKINSEY & COMPANY

The ‘art’ of project leadership gains importance with increasing project size and complexity Effective project teams have a unique and shared identity and create a culture of mutual trust and collaboration. Project leaders should articulate purpose, role model behaviors and nourish the desired culture.

MARIA PINILLA Project Analyst IPA

The practice of overestimating has become widespread and endemic, and it extraordinarily expensive Clear objectives, scope closure, and estimate validation help to prevent overestimation. The tendency to overestimate as a function of size starts at less than $50 million and is nearly asymptotic at $500 million.

PHILIPPE AUDRAINE Business Development and Consultant Director DASSAULT SYSTEMES

Without establishing what digital transformation means to an organisation, or how it can be leveraged to yield results, very few will see the impact of digitalisation. A lifecycle platform solution as the enabler to full digital continuity. A business platform is required to connect the dots and lead to leveraging enterprise data from design to operation.

‘The devil’s in the detail’ is a phrase of particular relevance for the pre-investment phase, including FEED and feasibility study.

Seeking to save time or budget, project owners who may look to minimize or skip this stage run the risk of not only seeing a substantial cost increase but also of jeopardizing the project investment efficiency altogether. This disproportionate influence of the pre-investment phase thus makes it essential for the industry to implement initiatives aimed at efficiency improvements and cost reduction before FID.

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PROJECT OWNERS ATTENDED


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