PS2 Realise the Business Case Value

When opportunities become a capital projects, the focus turns to realising the business case value for Shell and its shareholders. Project Standard 2 focuses on managing upside and downside risks that could enhance or erode the value delivered throughout the lifetime of the capital project. This includes the early identification, understanding and alignment on value drivers, risk and uncertainty management across Technical, Economic, Commercial, Organisational and Political (TECOP) dimensions, making quality decisions and leveraging lessons learned and best practices.

No Controls ORP Phase Accountability for meeting Control Intent
 Evidence recorded
2.I.1 Opportunity Charter Defined Identify BOM Project Premises Document
2.I.2 Opportunity Appropriately Framed Identify BOM Project Premises Document
2.I.3 Opportunity Roadmap Developed across TECOP Dimensions Identify BOM Project Premises Document
2.I.4 Risks Managed across TECOP Identify FEDM Early Development Assessment
2.A.1 Opportunity Charter Defined Assess FEDM Project Premises Document
2.A.2 Opportunity Appropriately Framed Assess FEDM Project Premises Document
2.A.3 Opportunity Roadmap Developed Across TECOP dimensions Assess FEDM Project Premises Document
2.A.4 Local Content Requirements Understood Assess FEDM Feasibility Report
2.A.5 Risk Managed Across TECOP Assess FEDM Feasibility Report
2.A.6 Commercial Strategy Meets Opportunity Requirements Assess FEDM Feasibility Report
2.S.7.N Opportunity Re-Framed Select FEDM Project Premises Document
2.S.7 Stakeholder Requirements Addressed Select FEDM Concept Select Report
2.S.8 Economics Meets the Opportunity Requirements Select FEDM Concept Select Report
2.D.9 Quality Decisions Against Original Value Drivers Define PM Project Execution Plan