About this Presentation
This presentation is about managing engineering procurement and construction (EPC) projects using TOC. The EPC challenge (like a power plant) and critical chain, the components of the solution and summary and questions are discussed. A mega project like building a power plant or new steel plant may have many EPC projects. The value proposition is attractive to the client. The EPC company must drive down costs (usually a fixed price contract). Each EPC package involves many stakeholders and has many suppliers each working in a multi-project environment. Significant multi-tasking exists within and across projects.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
The speaker discusses the concept of Engineering, Procurement and Construction (EPC) and its challenges. They also discuss the opportunities and losses in such projects.
The speaker explains the current practices in EPC projects and the obstacles that prevent effective implementation of the Critical Chain.
The speaker provides a detailed guide on how to overcome these obstacles and successfully implement the Critical Chain in EPC projects.
Instructor(s)
Manoj Agarwal
Manoj Agarwal began his association with Dr. Goldratt’s work in 1997, when he formed Thru-Put Technologies India to implement Theory of Constraints applications in Indian manufacturing organizations. Manoj has the credit of the first TOC applications implementation in India with organizations like HINDALCO, Godrej & Boyce, ELECON Engineering Company, and others.
A Mechanical Engineer from IIT-Mumbai, with postgraduate studies in Industrial Engineering and Operations Research, Manoj obtained rich experience in the design, development, and implementation of production-distribution optimization systems in companies including Reliance Industries, Ceat Tyres, Crompton Greaves, Mahindra Ugine Steel Company, and Mafatlal Industries.
Manoj has charge of operations for Realization Technologies Inc. in and around India.