Best Practice Roundtable - Capital Expenditure Process

Best Practice Roundtable - Capital Expenditure Process

 
Best Practice Roundtable - Capital Expenditure Process

Capital ExpenditureA common theme when talking to SIRF Members in all industries is the approach - or seeming lack thereof - to the planning of capital expenditure. There are a variety of capital project regimes, and all of them are open to improvements in support of long term business benefits.

In many instances, ‘planning’ can be somewhat of a misnomer, businesses often budget for major maintenance, replacement or the upgrade of assets on a last minute basis or plans are carried out with poor project evaluation. In addition, key learnings from the process can be lost when thorough reviews of the project are not completed.

Whilst these characteristics may be well recognised, the consequences are, arguably, less appreciated and can include:
Capex
  • Poor alignment to strategy
  • Poor definitions = poor results
  • Cost and Time over-runs
  • Investment decisions not reviewed during the project
  • Little or no validation of project results
  • Repeating the same mistakes on the following year's capital plan!
Does any of this sound familiar?Join your peers as we share best practices in the Cap-Ex process. We will discuss planning, governance, administration (phasing, monitoring, forecasting, metrics) execution, post implementation reviews and probably lots more!

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SIRF Roundtable events are designed to provide a safe environment for open discussion with peers on the topic of interest they are working on, in and around. There will be no vendor companies in attendance at this meeting.   Agenda
Arrive at 8:40 for 9:00 start
Introductions
Group Defines Expectations
Group Discussion
Lunch
Continue Discussion
Wrap Up

Who Should Attend:   Operations Manager, Maintenance Managers, Engineering Managers, Project Managers, Continuous Improvement Professionals and any one interested in this topic for discussion
Date:   Thursday  October 26th, 2017
Time:   Arrive at 8:40 for a 9:00 am start, finishing at 14:30
Address:   We are looking for a Host for this event.  Contact your SIRF Facilitator for more info.
Investment:   No Charge for Members
Dress:   Casual Dress
Special Note:   None

For Enquiries Contact:
Kiernan 0450 135 503 kiernan.donnelly@sirfrt.com.au
 

 

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