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Value Improving Practices
 

 

Value Improving Practices (VIPs) - As Recommended By IPA

Independent Project Analysis (IPA) is one of the leading firms in project evaluation and in project system benchmarking, and has become the industry leader in quantitative analysis of project management systems.  The largest oil companies, chemical producers, pharmaceutical companies, forest product companies, and consumer products manufacturers enhance their capital productivity using IPA's project evaluation system and project system benchmarking services.

IPA has recommended the use Value Improving Practices (VIPs) in conjunction with Front End Loading to achieve Best-In-Class.  Completion of these VIPs are often used in evaluating a project’s performance and allowing it to proceed to the next phase.  IPA’s twelve VIPs are:

  1. Technology Selection
  2. Classes of Facility Quality (Project Value Objectives)
  3. Minimizing Standards and Specifications/Practices
  4. Process Simplification
  5. Waste Minimization
  6. Process Reliability Modeling
  7. Design to Capacity
  8. Predictive Maintenance
  9. Constructability
  10. Energy Optimization
  11. Value Engineering
  12. 3-D CAD Design

Solutions Engineering & Facilitating, Inc. has completed many VIPs for various industries using IPA’s benchmarks. Because of the subject project's size and complexity most of these study teams are comprised of staff from different countries with attendant cultural differences.  Our facilitation staff is especially adept at accommodating the challenges these situations present.  We have completed best in class VIPs (with attendant commendations) in the following areas:

  1. Technology Selection
  2. Process Simplification
    (Several times Solutions has combined Nos. 1 & 2
  3. Waste Minimization   
  4. Design To Capacity and Debottlenecking
  5. Constructability
  6. and of course, Value Engineering

Because of numerous confidentiality agreements we cannot divulge details about these projects but can provide references upon request.  

 

                                           Results of brainstorming for a technology selection and     
process simplification VIP Study                 

 

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Last modified: 05/23/06