According to Independent Project Analysis (IPA) Project Execution Planning (PEP) is the process of defining the approach that will be followed in executing a capital project. The Project Execution Plan is the master document that contains all of the necessary information in this regard. The PEP answers basic questions such as:
- Who will participate, when will they participate and what roles will they have?
- How will the project be contracted, sequenced, managed and controlled?
- When will stage transitions and specific activities take place?
- What monitoring, control and governance criteria need to be applied?
- Are there any extraordinary initiatives that may be required which need to be planned and budgeted for?
This practical guide covers the preparation of a typical PEP. The guide is accompanied by several templates and supporting guides that assist in preparing a PEP from scratch.
Here’s what is covered:
- Background, overview and project scope
- Framing the project
- Planning implementation
- Monitor and controlling the plans
- Supporting plans
- Support services
- The PEP Development Cycle through front-end loading (FEL)
These resources are now available to all toolkit members from the OTC Toolkits Membership site. (A valid subscription is required).
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– The OTC Toolkits Team