Project definition- business case creation “what are we up to and do we have a solid business case supporting the project?” This critical phase includes, but is not limited to:

• Plant sizing

• Preliminary engineering design (flow diagram/layout/equipment selection)

• Cost estimate (plant and infrastructure)

• Revenue streams (sales by product/prices)

• Financial valuation: NPV/IRR/PayBack

 

Project Planning -turning the concept defined in previous phase into a viable technical solution backed up with realistic cost estimate

 

Project Execution -turning the plan into reality.

 

Project Completion- comisisoning, validation performances versus plan, and hand over to operation

 

Project Evaluation & Transfer

Capitalize experience: what has gone well (or not), what did we learn, structured AAR (After Action Review), what must be kept and recorded for further projects.