ScottMadden Releases New Report: Capital Program Assessment and Best Practices for Assessing and Improving Organizations

October 29, 2014

Analyzing critical areas and providing a detailed assessment with practical solutions

ScottMadden, Inc., one of North America’s leading energy consulting firms, has released a new report, “Capital Program Assessment Overview.” It has never been more important to get the most value for the capital dollar in nuclear. Our experience validates that the best way to do this is with capital program management. This report focuses on ScottMadden’s Capital Program Assessment, a proven method to diagnose program issues and address overall project management health, and discusses how leading organizations are assessing and improving their organizations.

Over the last 10 years, the U.S. nuclear industry has seen large demands on its capital project/major modification organizations. The mandate to ensure compliance for a number of concerns, including Fukushima modifications and security upgrade requirements, requires large capital expenditures. As the nuclear fleet continues to age, refurbishment projects will be necessary for safe and reliable operation. These projects represent large capital exposure for nuclear power plants; for that reason, successful execution of capital projects has never been more important.

ScottMadden believes it is critical for the capital projects organization and its projects to be structured and organized with clear roles and responsibilities, disciplined in the execution of policies and procedures, and systematic about informing senior leadership of the potential costs and likelihood of project risks.

Success of your capital program depends on the ability to manage a portfolio of projects well and the ability to execute each project’s required actions on time, on budget, and with quality. ScottMadden’s Capital Program Assessment examines how the capital program is implemented—from top to bottom—with a look at the Program Management Office (PMO), a specific project selected by our client, and a review of the performance reporting and tools in place. Our approach analyzes these critical areas to provide a detailed assessment of your capital program with actionable recommendations.

“We have found that the scale of these projects makes them ripe for the identification of improvements that result in real savings for our clients,” said John Rendall, director at ScottMadden. “Many of our clients have years of experience and are skilled at managing projects, but the fresh perspective that we bring allows us to identify impactful program and project changes that our clients might overlook,” added Jordan Gillis, director at ScottMadden.

To learn more about our experience with capital projects and PMOs, please contact us.

About ScottMadden’s Energy Practice
Since 1983, we have been energy consultants. We have served more than 300 clients, including 20 of the top 20 energy utilities. We have performed more than 2,400 projects across every energy utility business unit and every function. We have helped our clients develop strategies, improve operations, reorganize companies, and implement initiatives. Our broad and deep energy utility expertise is not theoretical—it is experience based.

About ScottMadden, Inc.
ScottMadden is the management consulting firm that does what it takes to get it done right. Our practice areas include Energy, Clean Tech & Sustainability, and Corporate & Shared Services. We deliver a broad array of consulting services ranging from strategic planning through implementation across many industries, business units, and functions. To learn more, visitwww.scottmadden.com | Twitter | Facebook | LinkedIn

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Media contact:
Mary Tew
marytew@scottmadden.com
919-714-7628

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