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Building More
Value With
Capital Projects
Project-owner
edition.
Capital projects are already fairly
digital… but they‘re also still often
too expensive, and too late.
9 out of 10 3 out of 10
So clearly – there‘s more value to be had.
owner-operators and EPC's used
average or good quality data for
recently executed capital projects
of the companies reported success
around many of the key performance
indicators (KPI).
The Top 5 challenges that prevented owner-
operators from digitally transforming their most
recently completed capital projects
Where owner-operators are struggling:
Absence of a stakeholder-driven strategy to execute data-driven
digital transformation across the project value chain
05
Poor understanding of how available data can be deployed for
generating critical and operational business insights
04
Siloed teams within and across
project stakeholders
03
Absence of a strategy and skills to build and deploy
actionable insights with digital technologies
02
Limited interest and patience within on-ground project teams
to drive data-driven digital transformation
01
So, how capture it?
Our research points to two value drivers:
• Institutionalize data ownership and sharing; build
the right operating environment to turn shared
data into shared insight – and then into
collaborative action.
• Explicitly focus the use of data, technology and
decision making on delivering projects on time,
and on budget.
Our findings also indicate that most companies are
struggling with both.
How could they improve?
Introducing
„CAPSTONE“:
Delivering up to 6.6% points ROCE increase
Our data shows how
"CAPSTONE" increases
returns on capital
expenditure:
Impact of data-driven digital
transformation on the ROCE
for owner-operators
+6.6%
0.6%
1.0%
1.8%
2.8%
1.0% 7.2%
No actions Data-sharing
infrastructure
and capabilities
Data-centric
talent
Incentive-
based
contracts
Combined
effect
Total
Data-committed c-suite
of owner-operator outperformers have
a C-suite and senior business unit
leaders take full ownership of data-
driven digital transformation of their
capital projects.
57%
Capstone part #1
Data-sharing infrastructure
Outperforming owner-operators
invest heavily in data-sharing
infrastructure – over US$10
million into data lakes and cloud
platforms in 2015-2019.
Their key digital capabilities by
project phase:
FIGURE: Capabilities to build on
Top 2 advanced digital capabilities deployed for executing capital projects by
Outperforming owner-operators
Project phase Top two digital capabilities deployed across
project stages
Business Planning | LCOE optimization
| Intelligent estimating & estimation analytics
Engineering &
Procurement
| Supplier intelligence
| Software verification of design
Project & Contract
Management
| Prescriptive project analytics
(e.g., next best action)
| Smart contracts
Constructive &
Handover to Operations
| Reality capture & Augmented Reality
| Dynamic next best action scheduling
Capstone part #2
Data-centric talent
Outperforming owner-operators
identify data stewards and data
coaches across different levels.
These coaches then work to
infuse a culture of timely and
productive use of data-driven
insights to solve key strategic and
operational challenges.
FIGURE: Tackling strategic issues using data-driven insights
Top 2 types of data leveraged by project teams from Outperforming owner-operators
Project phase Data types used to generate insights
Business Planning | Project financing
| Regulatory data
Engineering &
Procurement
| Historical reliability
| Procurement category intelligence
Project & Contract
Management
| Disputes
| Schedule management
Constructive &
Handover to Operations
| Site security
| Productivity
Capstone part #3
Contract idea:
Owner-operators could include considerations,
such as adopting a total cost of ownership
approach rather than a low-cost bid process. This
can make owneroperators commit EPCs to
schedule rather than costs, which gives EPCs a
greater bandwidth to innovate, requiring them to
adopt a more data-driven approach of engagement
with their sub-contractors and suppliers.
Incentive-based contracts
Our survey shows that
of the Outperformers currently
engage in incentive based
contracts.
over a fifth
Capstone part #3
PDF link
Intriegued by CAPSTONE?
Read the full report!
Authors
Tracey Countryman
Strategy & Consulting,
Industry X Europe and Digital
Manufacturing & Operations Lead
Franz-Josef Pohle
Strategy & Consulting,
Industry X Capital Projects ASGR Lead Building
Raghav Narsalay
Accenture Research,
Industry X Global Research Lead
Andy Webster
Strategy & Consulting,
Industry X Capital Projects Global Lead
Preeti Bajla
Accenture Research,
Industry X Associate Principal
About Accenture
Accenture is a global professional services company with
leading capabilities in digital, cloud and security. Combining
unmatched experience and specialized skills across more than
40 industries, we offer Strategy and Consulting, Interactive,
Technology and Operations services—all powered by the
world’s largest network of Advanced Technology and Intelligent
Operations centers. Our 506,000 people deliver on the promise
of technology and human ingenuity every day, serving clients in
more than 120 countries. We embrace the power of change to
create value and shared success for our clients,
people,shareholders, partners and communities.
Visit us at www.accenture.com

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Building more value with Capital Markets – Project Owner edition

  • 1. Building More Value With Capital Projects Project-owner edition.
  • 2. Capital projects are already fairly digital… but they‘re also still often too expensive, and too late. 9 out of 10 3 out of 10 So clearly – there‘s more value to be had. owner-operators and EPC's used average or good quality data for recently executed capital projects of the companies reported success around many of the key performance indicators (KPI).
  • 3. The Top 5 challenges that prevented owner- operators from digitally transforming their most recently completed capital projects Where owner-operators are struggling: Absence of a stakeholder-driven strategy to execute data-driven digital transformation across the project value chain 05 Poor understanding of how available data can be deployed for generating critical and operational business insights 04 Siloed teams within and across project stakeholders 03 Absence of a strategy and skills to build and deploy actionable insights with digital technologies 02 Limited interest and patience within on-ground project teams to drive data-driven digital transformation 01
  • 4. So, how capture it? Our research points to two value drivers: • Institutionalize data ownership and sharing; build the right operating environment to turn shared data into shared insight – and then into collaborative action. • Explicitly focus the use of data, technology and decision making on delivering projects on time, and on budget. Our findings also indicate that most companies are struggling with both. How could they improve?
  • 6. Delivering up to 6.6% points ROCE increase Our data shows how "CAPSTONE" increases returns on capital expenditure: Impact of data-driven digital transformation on the ROCE for owner-operators +6.6% 0.6% 1.0% 1.8% 2.8% 1.0% 7.2% No actions Data-sharing infrastructure and capabilities Data-centric talent Incentive- based contracts Combined effect Total
  • 7. Data-committed c-suite of owner-operator outperformers have a C-suite and senior business unit leaders take full ownership of data- driven digital transformation of their capital projects. 57% Capstone part #1
  • 8. Data-sharing infrastructure Outperforming owner-operators invest heavily in data-sharing infrastructure – over US$10 million into data lakes and cloud platforms in 2015-2019. Their key digital capabilities by project phase: FIGURE: Capabilities to build on Top 2 advanced digital capabilities deployed for executing capital projects by Outperforming owner-operators Project phase Top two digital capabilities deployed across project stages Business Planning | LCOE optimization | Intelligent estimating & estimation analytics Engineering & Procurement | Supplier intelligence | Software verification of design Project & Contract Management | Prescriptive project analytics (e.g., next best action) | Smart contracts Constructive & Handover to Operations | Reality capture & Augmented Reality | Dynamic next best action scheduling Capstone part #2
  • 9. Data-centric talent Outperforming owner-operators identify data stewards and data coaches across different levels. These coaches then work to infuse a culture of timely and productive use of data-driven insights to solve key strategic and operational challenges. FIGURE: Tackling strategic issues using data-driven insights Top 2 types of data leveraged by project teams from Outperforming owner-operators Project phase Data types used to generate insights Business Planning | Project financing | Regulatory data Engineering & Procurement | Historical reliability | Procurement category intelligence Project & Contract Management | Disputes | Schedule management Constructive & Handover to Operations | Site security | Productivity Capstone part #3
  • 10. Contract idea: Owner-operators could include considerations, such as adopting a total cost of ownership approach rather than a low-cost bid process. This can make owneroperators commit EPCs to schedule rather than costs, which gives EPCs a greater bandwidth to innovate, requiring them to adopt a more data-driven approach of engagement with their sub-contractors and suppliers. Incentive-based contracts Our survey shows that of the Outperformers currently engage in incentive based contracts. over a fifth Capstone part #3
  • 11. PDF link Intriegued by CAPSTONE? Read the full report!
  • 12. Authors Tracey Countryman Strategy & Consulting, Industry X Europe and Digital Manufacturing & Operations Lead Franz-Josef Pohle Strategy & Consulting, Industry X Capital Projects ASGR Lead Building Raghav Narsalay Accenture Research, Industry X Global Research Lead Andy Webster Strategy & Consulting, Industry X Capital Projects Global Lead Preeti Bajla Accenture Research, Industry X Associate Principal About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people,shareholders, partners and communities. Visit us at www.accenture.com