Control: 0.O.12 IPA Close-Out Project Evaluation Completed
| Title |
Description |
Context |
Through benchmarking the project compares its projects performance with the project targets and relevant completed (industry) projects in order to understand the influencing factors and learn for future projects. It provides feedback to the business as a preparation to a Look Back Review (e.g. the Post Investment Review (PIR)). |
Activity |
External benchmarking (“Closeout”) by the service provider IPA has to be performed after Start-up to understand the influencing factors on the Project outcomes (2)(1) |
Purpose |
To evaluate the project’s actual performance versus plan and versus industry benchmarks for comparable projects. To identify influencing factors on the project outcomes To identify lessons learned. |
Requirements from other Standards |
None
|
Evidence recorded in |
Project Close-out Report (3) |
Accountability for meeting Control Intent |
Project Manager |
Phase |
Operate |
(1) For capital projects in Upstream and Integrated Gas with an anticipated headline size exceeding US$ 100 million (Shell share), for Shell controlled capital projects in Downstream as per the Shell Downstream Manufacturing Management System or for capital projects which involve unusual risk.
(2) Where IPA cannot benchmark a significant part of the scope, the Capital Projects Benchmarking team should be contacted to confirm IPA’s gap, decide whether to pursue partial benchmarking and work with IPA to close the gap. If required, the best possible alternative should be selected e.g. another external provider in addition to internal benchmarking.
(3) This deliverable is not a DCAF Control Point