Well done Meredith! Outstanding takeaways to ensure Capital Project success.
Thanks to all that came out for our first chapter meeting of the year this past Tuesday! It was a successful event on Data Management in Capital Projects with significant engagement from the attendees. A special thanks to our 3 expert panelists Jacob Gleason, MBA, Meredith Holcomb, and Nagarjun Devarapalli MBA, MS for their time and incredible insight!! Here are some of the major takeaways from the event: DATA CHALLENGES IN CAPITAL PROJECTS The panel highlighted key pain points for EPCs and Owner/Operators, even stemming from inconsistencies in units of measure, or date formats. Industry standards like CFIHOS can bridge these gaps, improving efficiency and collaboration across capital projects. THE POWER OF STRUCTURED DATA Unstructured data—think scanned files and specs—poses a real challenge for capital project teams, underscoring the need for robust data validation and early requirement gathering to boost project outcomes. COLLABORATION IS KEY Exchanging info between Owner Operators, EPCs, and Vendors is easier said than done. The experts stressed the importance of starting with the end in mind and aligning on standards to streamline handovers and cut risks. LEVERAGING DATA Various process inefficiencies were highlighted, such as spare part interchangeability, which remains a headache in capital projects. These inefficiencies point to poor usage of available data which can ultimately lead to project delays, issues, and significant wasted costs. Visibility, validation, and significant early collaboration are critical to leveraging data appropriately. Stay tuned for the announcement of our next event in April! And as always, engage with us and let us know what topics and speakers you would like featured! Derrick Jimenez, CISA, PMP Charles Mathes Ph.D Oner Celepcikay, Ph.D. Priti Malkan, Huyen V., Duncan Wendel #damahouston #datamanagement #capitalprojects #damainternational