When it comes to successfully delivering a project, any project manager can attest to the importance of detailed planning upfront. This is even more critical, however, when it comes to projects requiring a new asset to be implemented where Operational Readiness (OR) is essential to the project’s overall success.
This article will explore OR further and what is required to achieve it, making reference to Cubility’s Operational Readiness Framework.
Operational readiness can be defined as an organisation’s preparedness for operating and maintaining a new asset and, as mentioned in a previous article, “What is Operational Readiness and why does it matter?”, it typically begins as a project planning function early in the project lifecycle and continues through to when the project becomes operational.
To assist with the project planning, it is vital for project managers to utilise a proven framework to ensure that all critical asset management activities have been accounted for and that operational delays and setbacks are avoided so that project nameplate is reached at the intended time. What’s more, by understanding the various components of OR required, project managers can allocate an accurate budget and resources to each task and avoid cost overruns.
Cubility has delivered OR Framework support to clients from a broad range of asset types both here in Australia as well as globally for over 30 years. The framework includes an OR Program which recommends the following approach.
- Start by developing a deep understanding of the current practices, other owner operator and contracting models and established industry practice.
- Determine the project end state requirements and develop a plan and approach to meet best practice and the expectation of shareholders.
- View the business and operation from a value-chain perspective and develop a framework that identifies all core and supporting functional areas (multiple workstreams) and foundational building blocks.
- Using a best practice program methodology develop an execution plan and operations readiness roadmap that is aligned with project milestones.
Cubility’s Operations Readiness Program: Methodology and Execution plan
OR is essential to the overall success of a project requiring a new asset to be implemented. Up-front planning, together with integrated operational planning with the assistance of a proven framework, plays a critical role in ensuring project milestones are reached at the intended time without cost overruns.
Cubility is a management and technology consultancy that works with businesses to solve operational problems, improve compliance and manage change well. To speak to one of our consultants about Operations Readiness for your business please get in touch with us, we would love to hear from you.
