The OTC Stage-Gate Model is a comprehensive and systematic approach to capital projects, covering the phases of initiation, front-end loading, implementation, operation and eventual closure. However, not all projects are the same and optimal execution requires some flexibility in the process followed. One size does not fit all. Factors that differ between projects include the size of investment, the source of funding, the nature of the technology used and whether the facility is a greenfield/brownfield plant or a revamp of existing plant. Each project needs to be considered and the Stage-Gate process should be uniquely adapted where applicable. This must be done while carefully considering the risks of steps being skipped or re-prioritised. The specific questions and key deliverables for each stage must still be considered, however the focus will differ depending on the specific context of the project.
OTC has just published the second guide in the Stage-Gate toolkit that covers the practical use and adaptation of the Stage-Gate model in several alternative project scenarios.
Here’s what you will discover:
- How to adapt the Stage-Gate process for externally financed projects requiring a bankable feasibility study
- How to adapt the Stage-Gate process for a scenario where a licensor provides off the shelf technology and a standard design
- How to adapt the Stage-Gate process for a revamp and renovation project
- And more…
You can get your copy of this practical guide here from the OTC Toolkits Membership site. (Log-in required).
– The OTC Toolkits Team